News
TODAY’S DEALS: Miami Waterfront Development Site Trades Hands
ARA brokers a multifamily development site in Miami Beach, Fla.; Berkadia arranges $86 million for 15 seniors housing communities in North Carolina; and an Israeli insurance company acquires its first multifamily property in the United States for $48 million.
Michael Daly Joins Jonathan Rose Companies as COO
Jonathan Rose Companies, a green real estate development, investment and project management firm, has named Michael Daly chief operating officer of the firm.
iStar Residential Breaks Ground on Sage in Scottsdale
Ground has been broken on the final phase of Sage, a luxury condominium community along the downtown Scottsdale, Ariz., waterfront.
Economy Watch: Personal Income, Expenditures Up in February
Personal income increased $47.7 billion, or 0.3 percent, in February, according to the Bureau of Economic Analysis.
Wood Partners Community in Hopkinton, Mass., Nearly Complete
Wood Partners has announced that construction is nearly completed at its $45 million development, Alta Legacy Farms, in Hopkinton, Mass. The 240-unit luxury community, located in the master-planned Legacy Farms project, opened for lease in July 2013 and is 43 percent leased.
TODAY’S DEALS: Bascom Buys 222 Units in Las Vegas
The Bascom Group picks up a Vegas apartment asset for $22.5 million; Greystone closes $59.3 million for a multifamily portfolio in Texas; and HAP Investments is in contract to buy a downtown site in Jersey City, N.J.
EAH Housing to Develop Affordable Bay Area Project
The City of Emeryville has tapped nonprofit developer EAH Housing, an affordable housing specialist, to develop a new mixed-use affordable apartment property at 3706 San Pablo Ave. in the city.
‘What Renters Want’ with Jessica Fiur: Gwyneth Paltrow, Cupcakes and Property Management
Gwyneth Paltrow and cupcakes have both been in the news lately. Property managers could learn a lot from them.
Affordable Seniors Apartments Unveiled in Citronelle, Ala.
AHEPA 310 of Citronelle, a new affordable senior housing complex in Citronelle, Ala., has been given its official opening ceremony.
Economy Watch: Economy Expands 2.6 Percent in Q3
The Bureau of Economic Analysis reported that real U.S. gross domestic product increased at an annualized rate of 2.6 percent in the fourth quarter of 2013.