News
PMRG Brings Property Management In-House for the Multifamily Division
PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, announced that it has brought property management services in-house for the multi-family division.
Situs Hires Fernando Salazar Lacalle as Head of Spanish Office
Situs, a global provider of commercial real estate (CRE) advisory services and integrated process and technology solutions, announced the appointment of Fernando Salazar Lacalle as managing director and country head of the firm’s new office in Madrid, Spain.
Economy Watch: OECD Forecasts Continued Tepid Growth
The Paris-based Organization for Economic Co-operation and Development released its latest forecasts for economic growth in various parts of the world, revising them downward in some cases, especially for the euro zone.
Helping Multi-Housing Residents Stay on Top of Repairs: A Conversation with Travtus’ Tripty Arya
Travtus, an Indian construction company with offices in Mumbai, New Delhi and Singapore, specializes in design/build services and is a key player in the emerging infrastructure and development industry in India. The company’s portfolio of projects has ranged from road infrastructure to industries and from high rises to institutions in both remote and metropolitan regions of the country. An architect by training, who understands the perspective of the international real estate development community, Tripty Arya, vice president for projects at Travtus, also understands the critical role played by technology in the multiple dwelling business environment. So it’s no surprise that…
The Dolben Company Inc. Promotes Scott Hamlin to Regional Property Manager
The Dolben Company Inc., a full-service Boston-based real estate company, announced that Scott M. Hamlin has been promoted to the role of regional property manager.
South Florida JV Buys More Than 3,000 Student Beds in Tallahassee
A new joint venture between Calidus, Pebb Capital and Pragma Investments, three Palm Beach County-based real estate firms, has acquired a portfolio consisting of 3,155 student housing beds at Florida State University in Tallahassee.
TODAY’S DEALS: Capital One Bank Provides $277M Construction Loan for Brooklyn Waterfront Apartments
Capital One Bank announced it completed the syndication of a $277 million construction loan for a ground up development; ARA brokers Pauls Corp.’s sale of 21 Fitzsimons; and Ross taps Federal Capital Partners to recapitalize 2,044 units in Washington, D.C.
FrontDoor and Lynwood to Develop Walkable Community in Snellville, Ga.
FrontDoor Communities and Lynwood Development Group have partnered on a 45-acre master planned community project in the Atlanta suburb of Snellville, Ga., that would add an assortment of single family and multifamily homes to that market.
CIM Group to Begin Construction of Tower on Chicago’s Block 37
Initial permits have been secured for the construction of a new 34-story apartment tower on the north side of Block 37 in Chicago’s venerable Loop shopping and entertainment district.