News
HFF Arranges Debt Construction Financing, Joint Venture Equity for Class A Community
HFF has announced that it has brokered the debt construction financing and joint venture equity for NOVUS Odenton Station in Odenton, Md. The borrower is NOVUS Residences, which is targeting completion of the Class A, transit-oriented community by early 2015.
The ROI of LED: Why Marnie Abramson Fell in Love with Lighting
Marnie Abramson, M.B.A., M.S., LEED AP, the co-founder of NextGen LED, knows a thing or two about owning and operating green buildings that provide a return on investment. Her family owns The Tower Companies where she served for a number of years as a principal and communications director.
Pennrose Awarded ‘2014 Healthiest Employer’ Award for its Progressive, Employee Wellness Program
For the third year, Pennrose has been honored with a “Healthiest Employer” Award by the Philadelphia Business Journal.
TODAY’S DEALS: Construction Loan Kicks-Off NOVUS Development in Maryland
HFF arranges a construction loan with EagleBank for a Maryland TOD development; Avesta Communities acquires a 314-unit property in South Florida; and Marcus & Millichap brokers a 160-unit sale in Mississippi.
LaSalle Group to Develop Two Memory Care Properties in Austin Area
The LaSalle Group, which specializes in memory-care seniors housing, has broken ground on two properties in the Austin, Texas, area.
CBRE Group Hired to Market Laketown Wharf
CBRE Group Inc. has been hired to market and sell the interests of ST Residential and its affiliates in Laketown Wharf, a Panama City Beach, Fla., Gulf-view resort property, with 399 units operating as apartments.
Economy Watch: State Unemployment Rates Mostly Down in March
According to the Bureau of Labor Statistics, during March 21 states had unemployment rate decreases, 17 states and the District of Columbia had increases, and 12 states had no change, compared with February.
Philip Watkins Joins Megalith Capital Management as Principal
Megalith Capital Management, a residential real estate owner and developer focused on investments in New York City and urban, supply-constrained markets, announced that Philip Watkins has joined as a principal.
Grand Opening Announced for New Waldwick Townhome Community
The K. Hovnanian Homes townhomes development, Farm Estates, has announced that it will soon hold a grand opening celebration at the community’s site in Waldwick, N.J.
TODAY’S DEALS: MG Properties Acquires 770 Units in California
MG Properties drops $80 million on four California apartment communities; Beech Street closes a $9.1 million refinance for a Colorado asset; and Essex Realty brokers the sale of a courtyard apartment building in Chicago.