News
LJ Group, Cresco Capital Group to Develop 552-Unit Student Housing Community in Berlin
The LJ Group recently announced it has committed a total of €100 million of equity (about $135 million) to Cresco Capital Group’s German student housing venture, Cresco Urban Yurt.
Greystar Plans Orlando Apartment Community
Greystar has unveiled plans for a 448-unit apartment property in Orlando, with construction set to start in October for a completion date about a year later.
Yardi Voyager 7S Earns Realcomm Digie Award for Innovative Technology
Soon after its mid-2013 release, Yardi Voyager® 7S became the solution of choice for clients attracted to the platform’s browser-independence, tablet compatibility and ability to add other Yardi solutions to create a full business solution.
National Development Begins Construction on 83-Unit Boston Luxury Development
National Development has started construction on SEPIA at Ink Block, an 83-unit luxury condominium that is part of a planned six-building, mixed-use development in Boston’s South End.
Economy Watch: Chicago Fed Says Economy Still Growing
The Chicago Fed National Activity Index edged down to +0.12 in June from +0.16 in May, according to the Chicago Fed.
TODAY’S DEALS: NorthMarq Dallas Office Arranges Refinances Totaling $78.49M for Borrower
NorthMarq Capital negotiates refinancing of two properties in Colorado and Georgia; and Madison Realty sells a Manhattan portfolio for $23.4 million following the doubling of property values.
The Towbes Group’s Willow Springs Phase II Fully Leased Ahead of Schedule
The Towbes Group has announced that all units in the Phase II component of its Goleta, Calif. community, Willow Springs, have been leased about three months ahead of schedule.
Greystone Launches Seniors Housing Investment Sales and Advisory Group
Greystone, a national provider of multifamily and healthcare mortgage loans, announced it has launched a seniors housing real estate sales and investment advisory group through the acquisition of the ARA National Seniors Housing Group from ARA National Seniors Housing Group Ltd.
TruAmerica Multifamily Acquires Phoenix Apartment
TruAmerica Multifamily, a California investor, has acquired Avenue 25 Apartments, a 254-unit multifamily community in Phoenix, for $35.4 million, or about $139,370 a unit.
J Turner Research Ranks Lincoln Pointe Miami’s Best Property
Lincoln Pointe Apartments, managed by LCOR, has been ranked the “Best Property” with the most satisfied apartment residents in Miami by J Turner Research, a provider of market research for the multifamily industry.