News
TODAY’S DEALS: Mack-Cali, Ironstate Land $192M via NorthMarq for Jersey City Apartment Tower
NorthMarq arranges $192 million for a 763-unit development; CBRE Global Investors acquires 432 units in The Woodlands; and Everbank funds a $2 million acquisition loan for a mixed-use property in Chicago.
Premier Apartments in Silver Spring Holds Grand Opening
The Premier Apartments in downtown Silver Spring, Md., celebrated its grand opening on Wednesday, though it’s been leasing units since early this year.
CBRE Selected to Market Altis at Sheridan Village
CBRE has announced that it has been selected as the exclusive marketing representative for the recently completed Altis at Sheridan Village in Pembroke Pines, Fla.
Rivergate Partners Buys Orlando Apartments for Nearly $10M
Miami-based Rivergate Partners, a joint venture between real estate investors Jay Massirman (Rivergate Cos. president) and Oscar Vila (PSMG managing partner) has acquired Beacon Hill, an apartment community in Orlando, Fla.
Starwood Brings Third W Hotels Facility to Thailand by 2018
W Hotels Worldwide has recently announced to debut W Retreat Phuket – Phang Nga Bay in southern Thailand. The new project will be the brand’s third facility in the country and is scheduled to open in January 2018.
The Clubhouse at Encore at Woodmen Ridge
Upscale and classically designed, Encore at Woodmen Ridge in Colorado Springs, CO captures the feel of a sophisticated resort. Residents can take advantage of impressive community amenities including the swimming pool, state-of-the-art fitness center and a sophisticated clubhouse. This slideshow focuses on the clubhouse designed by Doris Pearlman’s Denver-based interior design firm Possibilities for Design Inc.
On Detroit’s Urban Prairie: From Built Space to Open Space
Adam Hollier, Detroit native, Cornell graduate, and former City Council liaison for the Detroit Mayor’s office, sees the city’s sparsely peopled suburbs as an opportunity for change, and a new way of looking at urban life—one with plenty of open space.
Greystar Selected to Manage Luxury Colorado Rental Community
International real estate firm Hines has selected Greystar to lease and manage Helios, a new 258-unit Englewood, Colo., luxury apartment property.
Economy Watch: Residential Prices Continue to Moderate
Trulia reported that asking prices nationally for residential properties rose 1 percent in August, up a bit from 0.7 percent in July.
TODAY’S DEALS: Landmark Apartment Trust Completes 342-Unit Orlando Acquisition
Landmark Apartment Trust buys a 2002-built apartment in Orlando; Chaucer Creek acquires a community in Charlotte’s ‘hippest’ neighborhood; and Colorado investor acquires a property from Fannie Mae.