News
MARKET SNAPSHOT: Construction Recovery Takes Metro Orlando by Surprise
Central Florida’s residential market is most certainly experiencing a comeback in every domain imaginable.
IPA Plans Another Phoenix Seniors Housing Development
Investment Property Associates and Retirement Community Specialists have partnered to develop a seniors property in the Ahwatukee neighborhood of Phoenix, near the southwest corner of Chandler Blvd.
TODAY’S DEALS: Becker + Becker Lands $37.2M for Connecticut Office-to-Apartments Rehab
Becker + Becker lands office-to-apartment conversion financing; Madison Realty Capital buys a three-loan portfolio secured by Brooklyn properties; and NorthMarq Capital finalizes a $24.95 million interest-only refinance.
American Land Ventures Unveils Latest on Fort Lauderdale Development
American Land Ventures, along with joint venture partner MetLife Real Estate Investors, has introduced its newest development project, VU | New River, which is ahead of schedule with construction after topping off in March in Fort Lauderdale, Fla.
495,000 SF Mixed-Use Building Announced in Tokyo’s Famous Ginza District
J. Front Retailing Co. Ltd., Mori Building Co. Ltd., L Real Estate and Sumitomo Corporation recently announced they have entered a mutual agreement to jointly operate a retail facility, which will be part of the largest mixed-use building in Ginza, Tokyo’s most famous upmarket shopping, dining and entertainment district.
Peak Campus Development Constructing Student Housing Near Arizona State U
Peak Campus Development is developing a 213-unit, 600-bed student apartment community in Tempe, Ariz., close by the Arizona State main campus.
Digital Leader Joins Executive Team at Houlihan Lawrence
Houlihan Lawrence, a estate brokerage firm servicing Westchester, Fairfield, Putnam and Dutchess counties, welcomes digital marketing expert Anne Marie Gianutsos to the company’s corporate management team, headquartered in Rye, N.Y., as director of digital.
Economy Watch: ADP Puts Private-Sector Job Creation at 191K
According to Automated Data Processing’s estimates for March, the private sector added 191,000 jobs during the month.
Finance Trends: Multifamily Finance Trends and HUD
While much chatter across the industry speculates as to a current or future bubble, economic indicators show that the sector continues to show strength and that a bubble is not imminent. Investors and developers are active, and demand for units remains steady.