News
Oak Grove Capital Welcomes Ken Bowen as Senior Vice President
Oak Grove Capital, a national provider of real estate financial services, has announced that Ken Bowen has joined the St. Paul-based lender as a senior vice president, focusing on new loan originations for the company’s market rate multifamily debt platform.
ETCO Homes Announces Grand Opening of 432 Oakhurst
ETCO Homes today announced the grand opening and completion of the residences at 432 Oakhurst.
Pennrose Developing Seniors Apartments in Connecticut
Pennrose is developing The Jefferson, an affordable seniors apartment community located in New Britain, Conn., that is being built in conjunction with the New Britain Housing Authority.
Carroll Organization Acquires East Orlando Apartment Community
In an attempt to expand its presence in the Orlando market, Atlanta-based Carroll Organization announced that it has purchased the 300-unit Falcon Pines Community in the East Orlando submarket, marking its second acquisition in the city this year.
Create Green, Permeable Parking Spots and Driveways with TerraFirm
Did you know that roads and parking lots in the United States cover more than 61 million square miles of the Earth’s surface? TerraFirm Enterprises is working to combat the problem of over-paving with 100 percent recycled permeable pavers made from high density polyethylene.
Economy Watch: Pending Home Sales Dip
Ahead of housing permit numbers from the government, which is a forward-looking indicator for the housing market, the National Association of Realtors reported that its forward-looking Pending Home Sales Index, which is based on contracts signed but not closed, dropped.
Barrett Development Begins Auburn Student Housing Development
Work has started on 319 Bragg, a student-housing property at Auburn University. The community is being developed by Barrett Development Group, a student-housing specialist based in Athens, Ga.
TODAY’S DEALS: Meridian Capital Arranges $250M in Refinancing for New York Property
Meridian Capital Group LLC negotiated a $250 million mortgage for the refinancing of the Aire multifamily property; a Mack-Cali subsidiary buys a 159-unit asset from Landmark Cos.; and IPA arranges a 1,176-unit sale in suburban Philadelphia.
Magnusson Transforms Parking Lots into Affordable Housing
Magnusson Architecture and Planning (MAP) commenced on the construction of Soundview Family Housing last week in the Soundview neighborhood of Bronx, N.Y.
Data Shows Americans Moving Less; What This Means for Multifamily
Americans are on the move, though not as much as in recent years. According to the U.S. Census Bureau, 35.9 million U.S. residents (or 11.7 percent) moved between 2012 and 2013. This shows a decline from the 12 percent of Americans who moved in 2012.