News
TODAY’S DEALS: Investors Bank Maintains Strong MF Volume in 2Q14
Investors Bank maintains a strong multifamily lending pipeline during the second quarter; Marcus & Millichap brokers the sale of a 120-unit asset in Victoria, Texas; and NorthMarq negotiates a $13 million refinance.
NYSERDA Partnership to Boost Financing for Clean Energy Projects in NY
The New York State Energy Research and Development Authority has announced a partnership with the Energy Improvement Corporation that will enable Commercial Property Assessed Clean Energy financing to direct low-cost capital toward multifamily and business projects across the state.
Stiles Residential Group and the Rockefeller Group Start Work on Fort Lauderdale Apartments
Stiles Residential Group and the Rockefeller Group have broken ground on 215 SE 8th Ave., a 254-unit residential tower in Fort Lauderdale.
Economy Watch: Housing Starts Slid in June
U.S. housing starts in June came in at an annualized rate of 893,000 units, according to the Census Bureau on Thursday.
McCann Realty Partners Acquires Raleigh’s Crest at Brier Creek Apartments
McCann Realty Partners and its equity partner DRA Advisors have acquired The Crest at Brier Creek Apartments in Raleigh, N.C.
Lennar Opens Condos in Master Planned Port Imperial in NJ
1000 Avenue at Port Imperial, a condo building on the Hudson River waterfront in Weehawken, N.J., has opened.
TODAY’S DEALS: Waypoint Residential Buys 272 Units in Florida
IPA brokers a $25.3 million sale in Florida; HFF arranges refinancing for two Class A assets in Stafford, Texas; and RailField Realty, whose founders include former Fannie Mae multifamily head Ken Bacon, closes its first major acquisition.
Boston Capital to Invest in Two Affordable Housing Projects in N.C.
Boston Capital has announced that it will invest in the construction of two affordable multifamily community projects in North Carolina. The projects include Lockwood Village Apartments in Wilmington, N.C., and Ravenswood Apartments in Wilson, N.C.
Brookfield Multiplex Completes Green Office High-Rise in Melbourne
Global construction company Brookfield Multiplex has completed the development of an approximately $410 million (AUD 440 million) mixed-use office building for Cbus Property in Melbourne.
The Dolben Company Promotes Keith Corriveau to Regional Director
The Dolben Company Inc., a full-service Boston-based real estate company, announced that Keith Corriveau has been promoted to the role of regional director.