News
FWHA Transforms Historic Building Into Affordable Housing
The Fort Worth Housing Authority has reopened The Knights of Pythias Lofts, an 18-unit, mixed-income multifamily housing reconstruction development in Fort Worth, Texas, as an affordable housing option for the downtown area.
K-Twin Towers in Seoul’s CBD Acquired by New Joint Venture
Global investment firm KKR and LIM Advisors have recently announced the joint acquisition of K Twin Towers, a highly rated commercial asset located in the core of Seoul, the capital of South Korea.
Leading Markets Index Shows 56 Metros at or Above Normal Levels in June, Says NAHB
Of the approximately 350 metro markets nationwide, 56 returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index.
More Than 1,000 Companies Have Adopted Yardi Voyager 7S
n less than a year, more than 1,000 companies have adopted Yardi Voyager® 7S, the latest and most advanced version of Yardi’s property management and accounting software.
365-Key Manila Gaming Resort Hotel to Be Managed By Hyatt
Integrated casino resort developer Melco Crown (Philippines) Resorts Corporation, a subsidiary of Melco Crown Entertainment Limited and Hyatt Hotels Corporation, through an affiliate, have entered into a management agreement for Hyatt City of Dreams Manila, a two-tower, 365-key hotel set to open in 2014.
Economy Watch: Private Sector Hiring Slows, Says ADP
The economy created a lot of jobs in April, and the question now is whether the upsurge will continue in May.
Greystar Acquires Riverstone
Greystar Real Estate Partners announced today that it has acquired Riverstone Residential Group, a leading manager of apartments in the United States, from London-based CAS Capital Limited, a wholly owned subsidiary of Regis Group PLC, owned by Nick and Peter Gould.
New Adams Morgan Condos Under Construction
Work is under way on The Adamo, a 34-unit condo new-construction building in the Adams Morgan neighborhood of Washington, D.C., developed by Perseus Realty. Urban Pace, a D.C.-based condo sales specialist, will begin presales of the units in September.
Eco-friendly Rental Building Now Leasing in Long Island City
Douglas Elliman Development Marketing has announced that the L+M Development project, The Pearson Court Square, which transformed a vacant Long Island City lot at 45-50 Pearson Street into a 197-unit eco-friendly luxury rental building, has launched leasing efforts.
TODAY’S DEALS: Boston Artist Live/Work Community Trades for $20M
CBRE/New England brokers the sale of an artist live/work asset; LCOR acquires a mixed-use development site in Washington, D.C.; and Prestige Group sells 16 apartment units and five garages in New Jersey.