News
Eddy G. Viteri Joins Montroy Andersen DeMarco as Director of Construction Administration
Eddy G. Viteri has joined the New York City architecture, design, and planning firm of Montroy Andersen DeMarco (MADGI) as director of construction administration.
TODAY’S DEALS: Argyle Residential, Civitas JV Buy San Antonio Development Site
A joint venture grabs 3.7 acres for a San Antonio apartment development; Equus Capital acquires three apartment communities in Central Florida; and Bernard Financial arranges a $2.85 million loan for single-story properties.
Morgan Properties, Core Real Estate Acquire 700-Unit Community
Morgan Properties and equity partner Core Real Estate Capital has announced that a joint venture between the two has purchased the 700-unit community Lighthouse at Twin Lakes in Beltsville, Md.
Troy Boston Tops Off in Beantown’s South End
The final beam has been placed on Troy Boston, a $185 million mixed-use development in Boston’s South End. Gerding Edlen, Normandy Real Estate Partners and National Real Estate Advisors collaborated on the project.
Economy Watch: July Jobs Gain Healthy, Broad-Based
Jobs gains in July, while not quite as robust as in June, were nevertheless broad-based. Professional and business services added 47,000 jobs during the month, including gains in architectural and engineering services.
Deco Plans Another Condo Development in Scottsdale
Locally based Deco Communities has closed on a 2.4-acre site in Scottsdale, Ariz., that will be home to a new, 100-unit, to-be-named condominium project.
TODAY’S DEALS: Grosvenor Americas Buys Fairfax Apartments for $108.2M
Grosvenor completes its first apartment purchase in the D.C. area; and Morgan Properties, Core RE Capital acquire 700 units in Maryland.
Jersey City’s 18 Park Celebrates Grand Opening
Jersey City Mayor Steven Fulop along with officials from Ironstate Development and Kushner Real Estate (KRE) were recently on hand to celebrate the grand opening of the recently completed 18 Park luxury rental building in Jersey City’s Liberty Harbor North neighborhood.
Steady Occupancy
ACC’s Bill Bayless sees growth opportunity in the student housing sector.