News
TODAY’S DEALS: Kushner, KABR Land $140M from CIT for Jersey City’s Tallest Apartment Tower
CIT provides Kushner Companies and KABR with $140 million for a Jersey City tower; Madison Realty Capital Arranges $33 million for Soho Properties’ 45 Park Place; and NorthMarq negotiates $20.5 million in construction/permanent financing from the bank.
Smart Apartment Homes
Formerly fictional home automation technologies are rapidly turning the smart homescape into a reality.
Smart Cities
Companies are developing technologies that respond in real time to all aspects of the living environment.
Marquette Completes Renovations on Denver Place Apartments in Chicago
Capping a four-year, $2.7 million endeavor, Marquette Management has completed the renovation, repositioning and sale of The Apartments at Denver Place.
Economy Watch: Slower Jobs Expansion in August
Despite the relatively low number of jobs created in August—142,000 versus a 12-month average of 212,000 per month—some sectors continued to add jobs, according to the Bureau of Labor Statistics.
First Affordable Housing Loan Closed Under New Freddie Mac Program
Freddie Mac’s new Direct Purchase of Tax-Exempt Loans initiative, the goal of which is to keep rental housing affordable for lower-income families and lower costs involved with financing for tax exempt multifamily properties, has closed its first loan.
123 on the Park is 50 Percent Leased
The Chetrit Group and Clipper Equity redevelopment 123 on the Park in Brooklyn has surpassed the 50 percent leased threshold after less than three months on the market.
TODAY’S DEALS: Steadfast Apartment REIT Acquires Two Austin Assets
Steadfast Apartment REIT acquires 564 units in Austin; Blue Ridge Companies expands its North Carolina portfolio; and Grandbridge Real Estate Capital obtains $12.42 million in equity and a three-year senior loan for multifamily property.
Avoiding Digital Doomsday
Maryland Management Co.’s Bill Szczytko weighs in on doing business online.
Editor’s Note: Technology Today and Tomorrow
Join us to celebrate 10 years of tech choice awards.