News
Phoenix Seniors Housing Company & Multifamily Owner-Operator Join Forces
IPA, a luxury multifamily communities operator in Michigan and Arizona, and Retirement Community Specialists Inc. (RCS), a luxury seniors housing communities operator in Arizona, announced they have joined together under the same umbrella company, IPA LLC.
Phase One of Bosa’s Insignia in Seattle is 50 percent Sold
Bosa Development’s much-anticipated Insignia condominium development in Seattle is more than 50 percent sold after topping out the project’s first tower (Phase One).
TODAY’S DEALS: Development Site Trades Hands in Boca, 378 Units in the Works
ARA brokers a $22.3 million land sale in Boca Raton; Capital One Bank closes a $70M Fannie Mae loan; and Marcus & Millichap arranges the sale of an REO asset in Tampa.
Prologis Adds 2.5 Million Square Feet in Eastern Europe; Joint Venture with Norges Bank Also Adds Assets
Global industrial real estate company Prologis recently considerably expanded its portfolio with a number of acquisitions carried out through its Prologis European Properties Fund II, adding roughly 2.5 million square feet of space in the Czech Republic, Poland and Slovakia.
‘What Renters Want’ with Jessica Fiur: Using U2’s New Album Strategy for Multifamily
U2 just announced their new album and gave it to everyone for free. Why this was a great idea, and why multifamily should follow their lead.
Corvias Foundation Awards $100,000 in Educational Grants to Military Spouses
Corvias Foundation, a private, charitable foundation and the charitable arm of Corvias Group, has been committed to supporting military families in the pursuit of higher education since 2006.
Standing Up for Seniors
Twins Bob and Bill Thomas of Senior Star, tackle Alzheimer’s care—and support a cure.
W.P. Carey Affiliate Completes Sale-Leaseback Deal with Nokia in Poland
In a sale-leaseback deal with Nokia Solutions and Networks, W.P. Carey Inc. has acquired an office/R&D facility in Poland on behalf of one of its managed non-traded REIT affiliates, CPA®:17 – Global (Corporate Property Associates 17 – Global).
New Phase at Newtown Square Townhome Community Up For Sale
D.R. Horton’s latest development, The Grande at Muirwood Hill, sold so well in its initial offering that the firm has released a new phase of home sites in Newton Square, Pa.
Economy Watch: New Rules in the Works for Very Large Banks
In testimony before the Senate Banking Committee this week, Daniel Tarullo, a member of the board of governors of the Federal Reserve, said that the central bank wants to change regulations governing too-big-to-fail banks (or GSIBs, global systemically important banks, in Fed-speak).