News
Jones Lang LaSalle Closes Sale of Nashville Community
Jones Lang LaSalle closes the sale of West End Village, a newly built Nashville community, on behalf of The Residential Group and Edge Principal Advisers.
TODAY’S DEALS: NorthMarq Arranges $34.4M for Three Multifamily Properties
NorthMarq closes separate loans for properties in Texas and Georgia; Centerline refinances a 188-unit community in Georgia; and Colliers arranges the sale of a multifamily property in Encinitas, Calif.
Market Snapshot: Miami Rent Growth Increases, So Does Vacancy
An increase in completions leads to higher vacancy in Miami, though the city retains the third highest occupancy in the nation.
Bascom Closes Its Second Apartment-Investment Fund
The Bascom Group closes its second fully discretionary real estate investment fund, which provides up to $300 million of buying power.
Zocalo Sells Denver’s Cadence Union Station Apartments
An Invesco client picks up a Denver apartment asset from Zocalo Community Development and Principal Real Estate Investors.
Economy Watch: Mortgage Delinquencies Dropping; Tapering Will Continue; 4Q GDP Numbers Released
The U.S. mortgage delinquency rate decreased more than 10 percent year over year. Also, Janet Yellen testifies before the Senate Banking Committee, hinting that the tapering will continue unless ‘significant’ change in outlook takes place.
Berkadia Promotes Ernie Katai to Head of Production
Horsham, PA—Berkadia Commercial Mortgage announced the promotion of Ernie Katai to executive vice president and head of production. He succeeds Karl Reinlein, who is stepping down from day-to-day production management after 17 years of service to Berkadia. Katai was formerly a senior vice president and branch manager of Berkadia’s Detroit office. In his new role, he will be responsible for the oversight of Berkadia’s national origination network, which spans more than 50 offices nationwide. Reinlein will remain with the company to work with Katai on strategic projects and role transition. Katai has over 30 years of experience in the commercial…
Susan Tjarksen Joins Kiser Group as Senior Managing Director
Chicago—Kiser Group, the mid-market commercial real estate brokerage firm based in Chicago, announced that Susan Tjarksen has joined the firm as senior managing director. She brings 30 years of industry experience to Kiser Group. In 2008, Tjarksen founded Chicago-based STAR LLC, a national real estate firm she continues to operate that specializes in receivership, asset management, debt restructuring, refinance and brokerage services. As managing partner at Aries Real Estate Development in Chicago, she consults on all areas of real estate development. Previously, she held management positions at real estate development companies in Florida and Chicago. “We are fortunate to welcome…
Taconic Investment Partners Names Peter Febo Chief Operating Officer
New York—Taconic Investment Partners has appointed Peter Febo Chief Operating Officer. In this position, Febo plays an integral role in the implementation of Taconic’s business plan, directing the company’s 85-person in-house team and communicating with all asset, development and construction managers to ensure due diligence and strategies are in place. Febo oversees residential, commercial and retail property development; construction projects and commercial and residential asset management, including Taconic Management Company, Taconic’s wholly owned property management and leasing subsidiary. He reports directly to co-CEOs Charles Bendit and Paul Pariser. The introduction of the COO position represents Taconic’s continued and strategic growth…
Advenir Acquires a Sizable Community in Texas
Advenir acquires a 295-unit Class A community in Mesquite from Virtu Investments.