News
Enterprise Names Judi Kende Vice President and New York Market Leader
Enterprise Community Partners Inc. (Enterprise) announced that Judi Kende has joined as vice president and New York market leader after working eight years at the Low Income Investment Fund (LIIF).
HSL Properties Growing its Arizona Portfolio
The Station on Central, a 414-unit apartment community in Phoenix, has been purchased by Tucson-based HSL Properties.
Mack Urban Plans Roosevelt Neighborhood Apartments in Seattle
Mack Urban has unveiled plans for a seven-story apartment development at 800 NE 67th in the Roosevelt Residential Urban Village, which is part of Seattle’s Roosevelt neighborhood.
SPECIAL REPORT: PREI Raises Concerns that Real Estate Valuations Could be Based on Quantitative Easing Worldwide
Prudential Real Estate Investors said that commercial real estate prices are on the rise worldwide as economies rebound internationally, but expressed concern that loose monetary policy could be driving property valuations.
Economy Watch: Consumers Feeling Better
The University of Michigan reported that its consumer sentiment index edged up to 82.5 at the end of June, compared with a mid-June reading of 81.2 and an end-of-May reading of 81.9.
Mexican Company ICA Increases Presence in the United States with Acquisition of the Facchina Construction Group
Empresas ICA, S.A.B. de C.V., the largest infrastructure and construction company in Mexico, announced the completion of the acquisition of the Facchina Construction Group (“FCG”) in the United States.
KRE Group, Ironstate NJ City Development Fully Leased
The Marketing Directors have announced that the lease-up at Kushner Real Estate Group and Ironstate Development’s new luxury building in Jersey City, N.J., has set a city leasing record after inking more than 100 leases at the 422-unit community, 18 Park, within about four weeks of its initial lease-up campaign.
TODAY’S DEALS: Queens Development Site Sells for $10.2M
Marcus & Millichap brokers the sale of a development site in Flushing, N.Y.; NorthMarq secures $11.6 million for student housing serving Virginia Commonwealth University; and IPA arranges a $26 million sale in Greater Phoenix.
MHN Interview: Alan Missen, CIO, FirstService Residential
FirstService Residential is the largest third-party manager of homeowner’s associations in the United States. Alan Missen, CIO, FirstService Residential, talked to MHN about the various apps FirstService Residential is developing and how they hope to make the HOA experience more mobile-friendly for everyone involved.