News
Tryko Expands Presence in Virginia With Acquisition of Peninsula Grove
Tryko Partners has acquired the 580-unit Peninsula Grove at Town Center apartment community in Hampton, Va., from Intercontinental Real Estate Corp. The participants in the deal didn’t disclose the price.
TODAY’S DEALS: Meridian Arranges $24.8M in Acquisition Financing for Chicago Portfolio
Meridian Capital Group arranges $24.8 million in acquisition financing for an eight-property multifamily portfolio; and Oak Grove Capital provides $11.1 million in FHA refinancing and obtains a waiver to three-year rule.
Aquinas Realty Partners Breaks Ground on Philadelphia Community
Aquinas Realty Partners, along with Philadelphia Mayor Michael A. Nutter, City Council President Darrell Clark and the Philadelphia Redevelopment Authority, recently hosted a groundbreaking event for a redevelopment project located at 2017-2023 Chestnut Street in Philadelphia.
MARKET SNAPSHOT: Charlotte Apartment Market on the Rise: Sales, Rents and Vacancies to Climb in 2014
The outlook for the Charlotte apartment market is set to remain positive and dynamic despite an expected decline in occupancy rates and concerns regarding payroll cuts in the finance sector, concludes Marcus & Millichap’s latest report.
MHN Interview: Michael Preston, Regional Director, National Church Residences
With more than 20 years of experience in social work, Michael Preston is a good judge of what kind of social support program actually makes a difference for disabled homeless and veterans. In his role as regional director of permanent supportive housing for Columbus, Ohio-based National Church Residences—the nation’s largest non-profit specializing in affordable senior housing—he’s involved in a fast-growing collaborative effort to help house those in need.
How to Get Positive Reviews on Apartment Rating Sites
MHN talks to Bruce Keene, president of management services of Tampa, Fla.-based Franklin Street, about some trends he is seeing in property management, such as how to get positive reviews on ratings sites.
Places for People Enters Joint Venture with Barratt Homes to Create 2,000 New Homes in Milton Keynes
Places for People, a UK-based property management, development and regeneration company, recently announced it has entered into a new joint venture with Barratt Homes that will create 2,000 new homes at their Brooklands development in Milton Keynes, England.
Innocence Island, Largest Privately Held Island in the Bahamas, Up for Auction
The largest privately owned island in the Bahamas will soon be up for grabs as Concierge Auctions recently announced that the property will be on the block this May.
W. P. Carey Finances Construction of Wartsila’s R&D and Training Complex in the Netherlands
W. P. Carey Inc. has announced an $18.7 million build-to-suit financing transaction on behalf of one of its non-traded REIT affiliates, CPA®:17 – Global (or Corporate Property Associates 17 – Global Incorporated).
Strategic Properties Group and ALTA Developers Team on Condo in Miami’s Brickell Financial District
A joint venture between South Florida-based Strategic Properties Group and ALTA Developers is developing Le Parc at Brickell, a 12-story boutique-style luxury condominium in Miami.