News
TODAY’S DEALS: Carmel Partners Completes Orange County Apartment Sale
JLL brokers Carmel Partners sale of a 194-unit community; Cocke Finklestein grabs a Virginia asset for $14.1 million; and NorthMarq Capital finalizes $21 million in life company financing for an acquisition.
The P.B. Bell Companies Hires James P. Tainter as Vice President of Asset Management
Phoenix—P.B. Bell announced the appointment of James P. Tainter as vice president of asset management for P.B. Bell Asset Management Inc. He will oversee and grow the company’s commercial portfolio holdings and operations. Tainter possesses over 30 years of progressive experience in real estate ownership, asset management, brokerage, development, construction/project management, sourcing third party business, marketing and leasing, asset acquisitions/dispositions, and property management on a diverse base of commercial, industrial, retail and multi-family product types. He previously worked at Harsch Investment Properties, as senior vice president—regional manager in charge of Las Vegas, where he oversaw all market operations for 8…
Economy Watch: Housing Starts Stagnate in February
Housing starts in February came in at an annualized rate of 907,000 units, according to the Census Bureau.
Savanna Partners Wins Financing for Residential Site in Brooklyn
Savanna Partners has obtained a $21.8 million bridge loan to fund its acquisition of a downtown Brooklyn development site.
TODAY’S DEALS: Centerline Provides Acquisition, Renovation Financing for Florida Asset
Centerline provides a Related affiliate with acquisition and renovation financing; Greystone closes $40.4 million for a Tennessee community; and Meridian Capital negotiates $39.3 million in financing for mixed-use properties in New York and New Jersey.
Seattle’s Cornish to Start Construction on New Residence Hall and Learning Center
Cornish College of the Arts will hold a ground breaking ceremony to kick off its newest project, a 20-story residence hall and learning center located at 2025 Terry Avenue in Seattle.
Industry Expert Joins Affordable Sales Team at Yardi
Santa Barbara, Calif.—Yardi announced today the hiring of Deborah Lear as executive sponsor for its affordable housing market. Lear is a nationally recognized multifamily housing veteran with more than 30 years of experience in the industry. Lear most recently served as director of the Office of Housing Assistance Contract Administration for the Department of Housing and Urban Development in Washington, D.C. She has extensive expertise with programs such as Performance Based Contract Administration, funding and oversight of rental subsidies, and multifamily asset management. Her career experience encompasses numerous departmental initiatives at HUD including Special Assistance Workout Team, Section 8 Contract…
HAP Investments Appoints Julide Oztap Sales and Marketing Manager
HAP Investments LLC, a New York based international real estate investment and development company, announced it has appointed Julide Oztap as sales and marketing manager. I
Duravit Unveils Alcove Bath Perfect for Small Spaces
If you are looking for a contemporary bathtub that can fit into small spaces with an easy installation, then Duravit’s Architec tub is the tub for you.