News
Harbor Group Buys Three Florida Apartment Properties
Harbor Group International has acquired the 272-unit West Winds apartment property and the 210-unit Verandahs at Hunt Club in Orlando, as well as the 146-unit Forestlake Apartments in Daytona Beach.
Laurence Pelosi Joins Thompson | Dorfman Partners New Division TDP | Bay Area Partners
Thompson | Dorfman Partners LLC, a developer, owner and manager of multifamily real estate, announced that Laurence Pelosi has joined TDP | Bay Area Partners LLC, a Thompson | Dorfman company, as a partner.
TODAY’S DEALS: Meridian Capital and Beech Street Arrange $90.4M for Five California Apartment Assets
Meridian, Beech Street arrange refinancing for five apartment assets; Champion buys a 304-unit rental in Ohio; and Centerline refinances a multifamily property for $3.4 million.
Vitus Group Acquires San Diego Affordable Housing Community
The Vitus Group announced that it has acquired Meadowbrook Apartments in San Diego and has plans to perform a $17 million renovation on the affordable housing community.
Related Midwest Announces Topping Off of 111 West Wacker
Related Midwest is redeveloping 111 West Wacker Dr., a 60-story iconic apartment tower that will open along the Chicago River in 2014.
WinnResidential NYC Hands Out 20,000 Pounds of Produce in the Bronx
Recently, 21 employees from WinnResidential’s NYC office joined volunteers from New York Cares and NYSE Euronext to participate in the City Harvest “Mobile Market.”
Economy Watch: Banks Loosen Lending Standards on Business Loans
The Federal Reserve reported in its October 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices that U.S. banks have eased their lending standards in some cases, while experiencing little change in the demand for some kinds of loans over the past three months.
50 United Nations Plaza Unveils 88 Luxury Condos
Zeckendorf Development and Global Holdings held a sales launch event for 50 United Nations Plaza to unveil the views and prices of 88 condominiums across from the United Nations HQ, geared towards the luxury client.
Deco Opens Two More Cabana Apartment Properties
Deco Communities has opened two properties in Arizona—one in Phoenix, the other in Tempe.
Winthrop Realty Trust Closes on a Quartet of Class A Properties
Winthrop Realty and Trust has announced the acquisition of four Class A luxury apartment buildings that have been built to condominium specifications for an aggregate purchase price of $246 million.