News
JV to Develop Mixed-Use Community in Coram, NY
The Long Island Regional Economic Development Council, Community Development Corporation of Long Island and Conifer Realty have joined forces to build Wincoram Commons, a mixed-use development to be comprised of 176 workforce rental homes and 13,300 square feet of commercial space on 17.65 acres in Coram, N.Y.
Royal Botania Hammocks Offer Comfort without Compromise
It is almost summer, and there is nothing better about summer than lying around in a hammock with a cold drink. But you spent a lot of time designing your outdoor space to cater to a specific crowd, and cluttering up you rooftop amenity space with rope hammocks would look a bit tacky.
Economy Watch: Number of Underwater Mortgages Drops
Black Knight (formerly LPS) released its Mortgage Monitor report, reporting that 5.52 percent of U.S. residential mortgages were delinquent for the month, down from 5.97 percent in February (more than 30 days late, but not in foreclosure).
‘What Renters Want’ with Jessica Fiur: Why Standard Features are Not Amenities
It’s great to have certain things at an apartment, such as a microwave, but that doesn’t give you a license to brag.
Annex Student Living Continues to Increase Collegiate Portfolio
With the addition of three Midwest assets over the past year, Indianapolis-based student housing developer Annex Student Living increased its portfolio by $35 million and has contracts in place to grow its total assets to nearly $100 million by 2016.
TODAY’S DEALS: Lincoln Completes Largest Texas M-F Sale of 2014
ARA brokers Lincoln Property Co.’s sale of a 784-unit asset in Irving, Texas; NorthMarq Capital completes a $20.5 million refinance for a San Francisco property; and Dougherty Mortgage closes $5.5 million for an affordable asset in St. Paul, Minn.
Stonehenge, SL Green Complete 1080 Amsterdam Renovation in NYC
Stonehenge Partners and SL Green Realty Corp. have opened 1080 Amsterdam, a rental apartment tower in the Morningside Heights neighborhood of Manhattan
Forum’s Design Team Selected by AG Spanos Corporation
Altamonte Springs, Fla.-based Forum Architecture & Interior Design, Inc. has announced it has been selected as provider of design services for Bonterra Parc at Northwood Apartments.
Auction.com Names Former Yahoo! CFO Tim Morse as Chief Financial Officer
Auction.com, an online real estate marketplace, has named former Yahoo! Inc. chief financial officer and interim chief executive officer Tim Morse as CFO and executive vice president.
Economy Watch: April Job Increases Broad-Based
Recent employment numbers came in better than expected, posting the largest employment rise in about two years, though it isn’t clear yet whether the increase is a one-off surge or the start of a longer-term pattern of healthy job creation—something that’s been a long time in coming