News
Economy Watch: Economy Adds 209K Jobs in July
The U.S. economy added 209,000 jobs in July, according to the Bureau of Labor Statistics.
Château Group and Fendi to Develop Condos Near Bal Harbour Shops
Developer Château Group and Fendi, the Italian fashion house, have inked a partnership to develop Fendi Château Residences, a 12-story waterfront condo building in Miami.
TODAY’S DEALS: Bascom, Oaktree JV Completes 296-Unit Purchase in Nevada
A Bacom, Oaktree venture completes its second purchase; Capital One bank closes on $30.9 million in HUD loans with Terrace Communities; and Marcus & Millichap brokers the sale of a Milwaukee apartment portfolio.
Benenson Capital Partners Names David P. Thomas to Chief Financial Officer
David P. Thomas, a former partner and practice leader with Deloitte’s NYC real estate industry group, has been named chief financial officer of Benenson Capital Partners LLC, a privately held real estate investment and development company.
Ingerman Closes on Land for Development of Affordable Community
Multifamily builder and manager Ingerman has announced that it has closed on a 2.6-acre property in Wood-Ridge, Bergen County, N.J., where it plans to construct a 104-unit affordable rental community.
Capri, TruAmerica Acquire L.A.’s Vermont
A partnership between Capri Capital Partners and TruAmerica Multifamily has acquired a 464-unit high-rise apartment community in Los Angeles for $283 million.
Brookfield Multiplex to Deliver Essential Living’s Helix Twin Tower Apartment Project in London
Essential Living has selected global construction company Brookfield Multiplex to develop the Helix twin tower residential community on the edge of London’s Canary Wharf.
Enterprise Names Judi Kende Vice President and New York Market Leader
Enterprise Community Partners Inc. announced that Judi Kende has joined as vice president and New York market leader after working eight years at the Low Income Investment Fund.
Two Logistics Facilities in Warsaw and Prague Changed Hands
Bokserska Distribution Park in Warsaw and Westpoint Distribution Park in Prague have recently been sold above book value to Czech and British private investors for a total of around $44.4 million.
Modern Spaces Teams With BLU Realty Group to Market Long Island City Luxury Building
Modern Spaces has teamed with BLU Realty Group to market The Madison, a nine-story luxury building in Long Island City.