News

Carter Adds Jimmy Barry and TP Bullock to Senior Development Team

Carter, a real estate investment, development and advisory firm, announced the addition of Jimmy Barry as senior vice president of development and TP Bullock as vice president of construction and design.

KTGY Architecture + Planning Adds Terry A. Willis AIA, LEED AP as Principal in Denver Office

KTGY Group, Inc., Architecture + Planning, has added Terry A. Willis, AIA, LEED AP, as a principal in the firm’s Denver office.

Maplewood Senior Living to Develop 27 Acres into Senior Housing

Maplewood Senior Living has announced its intent to develop 27 acres in Southport, Conn., into a three-story, 98-unit traditional assisted living and memory care community.

Economy Watch: E-Commerce Continues to Expand

The Census Bureau reported that U.S. e-commerce sales for the second quarter of 2014 were $75 billion, an increase of 4.9 percent compared with the first quarter of the year.

Affordability Extended at The JBG Companies’ Falkland Chase

An agreement has been struck to extend the term of 90 rental assistance units at the Falkland Chase Apartments in Silver Spring, Md. The JBG Companies and Montgomery County’s Department of Housing and Community Affairs (DHCA) are the parties entered into the agreement.

Health Care REIT Buys UK Seniors Portfolio for $257M

Health Care REIT has acquired a portfolio of 11 seniors housing properties in the UK for £153 million (about $257 million) in cash from Gracewell Healthcare.

TODAY’S DEALS: Commercial Mortgage Capital Arranges $20M Construction Loan for Condo

Commercial Mortgage Capital closes a $20 million construction loan for the Pearl condominium in Edgewater, N.J.; Starlight buys 312 units in Houston; and CBRE/New England provides $4.2 million for an acquisition in Massachusetts.

Ryan Companies Breaks Ground on $31.7M Seniors Living Community

The Great Lakes Region of Ryan Companies US Inc. broke ground on its newest age-restricted senior living community in Mokena, Ill.

Marriott Opens 580-Room Hotel in Doha

Marriott Hotels, Marriott International’s business and leisure brand is currently gaining ground across the Middle East and Africa.

Modern Spaces Launches Sales at FIVE FortyOne In Long Island City

The official launch of sales has taken place at FIVE FortyOne, a luxury boutique condominium in Long Island City.