News
Summer is Coming, Upgrade Your Grilling Game Now
Grilling is a great way to get your community interacting. A new line of ultra premium grills from Viking are sure to make your outdoor space the envy of the submarket.
TODAY’S DEALS: AEW Secures $35M Refinance on Hoboken Apartment Community
HFF arranges a refinancing for AEW Capital Management; NorthMarq arranges a $32 million refinance for infill apartments in San Francisco; and Beech Street closes a $7.4 million loan for a Sacramento-Area acquisition.
Jonathan Rose Companies Developing Mixed-Use Community in South Orange, N.J.
Jonathan Rose Companies is developing Third & Valley, a 215-apartment, mixed-use community in New Jersey’s township of South Orange Village.
Yardi Division Lending Energy Management Perspective to Green Real Estate Conference
Yardi announced today that its expertise in energy management will help this month’s Green Real Estate Conference showcase the economic, environmental and competitive advantages of greening buildings.
Economy Watch: Home Price Rises Stall, Foreclosures Slow
Black Knight Financial Services released its latest Home Price Index report, which is based on January 2014 residential real estate transactions. There was no increase nor decrease month over month. Since last year, the index increased 8 percent, a slight drop in the rate from recent months.
Hoffman-Madison Waterfront Kicks Off Massive Mixed-Use Project in D.C.
Work has started on phase 1 of the Wharf on Washington in the district’s southwest waterfront. It is the beginning of a massive mixed-use project roughly a decade in the making.
Hunt Companies Selected to Develop Cadet Residence Hall at Texas A&M
Texas A&M University at Galveston has tapped Hunt Companies to develop a 612-bed, on-campus cadet residence hall.
TODAY’S DEALS: Phoenix Realty Group Buys Connecticut Apartments
CBRE brokers a $27.5 million Connecticut apartment sale; Virtu Investments picks up an Austin apartment asset; and GFI completes the sale of a walk-up for $2.3 million in Brooklyn, N.Y.
Andrew Schwartz Joins Taconic Investment Partners
New York—Asset manager Andrew Schwartz has joined Taconic Investment Partners, an owner, operator and developer of commercial and residential real estate based in Manhattan. As a senior associate, Schwartz is responsible for residential asset management and is involved in Taconic’s development and redevelopment projects. In this capacity, he handles everything from project management and design development to contract negotiations, portfolio strategy and marketing, as well as leasing and sales. Schwartz is also working on Taconic’s 525 West 52nd Street project, which involves the rezoning of a 30,000-square-foot-parcel of land to allow for the development of a 400-unit luxury residential rental…
Auction.com Closes $147 Million in CRE Assets
Auction.com, an online real estate marketplace, facilitated the closing of 38 commercial assets during the month of February. The assets had a combined total sales price of more than $147 million.