News
Marcus & Millichap Promotes Michael Mele to Senior Vice President Investments
Marcus & Millichap Real Estate Investment Services, a commercial real estate investment services firm with offices throughout the United States and Canada, has named Michael Mele a senior vice president investments in the Tampa office.
Kempinski Hotel Nay Pyi Taw in Myanmar to Open in November
Europe’s oldest luxury hotel group, Kempinski Hotels, recently announced the opening of its first property in Myanmar (Burma).
DC’s Rittenhouse Apartments Put on the Block
Rittenhouse Apartments, a 208-unit property in Washington, D.C., has been put on the market by TIAA-CREF, which has owned it for only about six months.
StreetLights, Stonelake Capital to Unveil Plans for New West Dallas Community
StreetLights Residential and Stonelake Capital Partners have announced their plans to build a Class A residential development in Stonelake’s Trinity Village residential district in West Dallas.
TODAY’S DEALS: Allianz Provides Permanent Financing for Class A Cincinnati Asset
HFF arranges permanent financing for a Flaherty & Collins property; Berkadia arranges nearly $80 million for a multifamily portfolio in Los Angeles; and National Cooperative Bank originates $60.5 million in new loans during August.
Peak Campus Management to Manage Student Housing Near Southern Illinois U
Peak Campus Management will manage The Edge, a planned purpose-built student housing asset located near Southern Illinois University-Edwardsville, slated to open in the fall of 2015.
Digital IrriGreen Sprinklers Match Shape of Lawn, Cut Water Use in Half
Using technology adapted from commercial inkjet printers, the IrriGreen Genius Irrigation System features digital sprinkler heads that match watering patterns to the exact shape on any lawn.
PMRG Brings Property Management In-House for the Multifamily Division
PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, announced that it has brought property management services in-house for the multi-family division.
Situs Hires Fernando Salazar Lacalle as Head of Spanish Office
Situs, a global provider of commercial real estate (CRE) advisory services and integrated process and technology solutions, announced the appointment of Fernando Salazar Lacalle as managing director and country head of the firm’s new office in Madrid, Spain.
Economy Watch: OECD Forecasts Continued Tepid Growth
The Paris-based Organization for Economic Co-operation and Development released its latest forecasts for economic growth in various parts of the world, revising them downward in some cases, especially for the euro zone.