News
TODAY’S DEALS: Waterton Re-Enters Seattle with 155-Unit Buy
Waterton Associates re-enters the Seattle market after 10 years away; ACR Multifamily brokers a 344-unit sale in Austin; and NorthMarq Capital arranges a $11.09 million 15-year construction loan from a credit union.
Metroffice Development in Breaks Ground in Bucharest’s Iride City Master Plan
Site work has recently started on the Metroffice, a new office development project in the heart of the Romanian capital.
Sales and Design Gallery for Soon-to-Be High-End Miami Condos Doubles as Public Art Space
Miami’s Brickell Flatiron Park has been the recent focus of New York Artist Julian Schnabel, who is working on an art installation there that will serve as public art and a sales and design hub for CMC Group’s nearby luxury residential development, Brickell Flatiron.
Ground Broken on Proffitt Dixon Partners’ Fountains Matthews
Multifamily real estate development and investment firm Proffitt Dixon Partners has begun construction on a 258-unit luxury rental property called Fountains Matthews.
RED Capital Group Announces New Senior Managing Director of Affordable Housing
Tracey Peters is the new senior managing director of affordable housing for RED Capital.
Economy Watch: Most States See Unemployment Drop
Forty-one states and the District of Columbia saw unemployment rate decreases in November compared with October, three states suffered increases and six states experienced no change, the Bureau of Labor Statistics reported.
Continential Properties Starts Work on Suburban New Orleans Apartments
Continental Properties Co. has broken ground on the Springs of Fremaux Town Center in Slidell, La.
TODAY’S DEALS: Equus Sells Florida Apartments to Bluerock for $14.3M
Equus Capital Partners completes a 224-unit sale; Aztec secures $9.1 for an acquisition in Pensacola, Fla.; and CareTrust REIT completes a sale-leaseback transaction in Minnesota.
Hunt Companies Appoints Paul Kopsky as Chief Operating Officer
Hunt Companies Inc. announced that, effective January 1, 2015, Paul Kopsky, Jr. will become executive vice president and chief operating officer of the company. Kopsky assumes the position following the appointment of Chris Hunt to chief executive officer.
W.P. Carey Buys $29.5M Light-Industrial and Distribution Facility in Poland
In a $29.5 million (€23.8 million) deal, global net-lease real estate investment trust W.P. Carey Inc. has acquired a new build-to-suit 362-000 square-foot light-industrial and distribution center in Poland.