News
Bonjour Capital’s 333 Greene in Brooklyn Launches Leasing
Leasing begins this month for 333 Greene Ave., a new 12-story, 56-unit rental property on the Clinton Hill and Bedford-Stuyvesant border in Brooklyn.
Economy Watch: IMF Says Global Recession Risk Small
The International Monetary Fund said that the risk of another global recession isn’t as high now as it has been in recent years, attributing the declining risk to stronger-than-expected recoveries in the developed world, such as the United States, Germany and the U.K.
LCOR to Begin Leasing New Apartments at North Bethesda Center
LCOR will start leasing at the 341-unit Aurora, its apartment development in North Bethesda, Md., in June.
ZOM Moves Forward With a Pair of New Developments in Miami
Luxury multifamily developer ZOM announced that it has closed on a pair of separate transactions that put the developer and its joint venture partners in positions to add more than 800 high-end rental apartments to the South Florida Market.
TODAY’S DEALS: NorthMarq Negotiates $118M Refinancing for Transit-Oriented Apts. on Behalf of Prometheus
NorthMarq Capital’s San Francisco-based regional office announces the refinancing for of two adjacent downtown properties located in Mountain View, Calif.; and Bernard Financial originates a $5.2 million loan.
Carter Hires Jerome Hagley as Executive Vice President
Carter, a real estate investment, development and advisory firm, announced the addition of Jerome Hagley as executive vice president at the company.
NJBA Names Verdana Howell Community of the Year
The New Jersey Builders Association has named Verdana Howell, a Howell Township, N.J.-based joint-venture partnership between Sterling Properties and AST Development, as its “Community of the Year” among rental communities in the Garden State.
Economy Watch: Federal Deficit Still on Downward Track
The federal government ran a budget deficit of $413 billion for the first six months of fiscal year 2014 (beginning Oct. 1, 2013), the Congressional Budget Office reported.
South Common Apartments Acquired for $4M
A private investor based in Massachusetts has obtained a $4 million Fannie Mae loan to acquire South Common Apartments, a 72-unit apartment property in Lynn, Mass.
TODAY’S DEALS: The Bassuk Organization Closes $73.5M for NYC’s Chelsea Tower
The Bassuk Organization closes $73.5 million with TIAA-CREF for a luxury apartment community in New York; ARA arranges a 352-unit sale in Washington; and HFF brokers a $5.65 million sale, and closes a three-year, interest-only, loan for the acquisition of an apartment community.