News
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.
TODAY’S DEALS: ARA Reps Sale of Newly Delivered Charlotte TOD Apartment
ARA sells a 208-unit apartment for Proffit Dixon Partners; and Equus Capital Partners completes a $47 million sale in Nashville.
Passco Companies Development Announces New President
A renewed focus on land development has been announced by Passco Companies LLC, a privately held Calif.-based commercial real estate company.
Auction.com SVP Named on Top 45 Under 40
Auction.com LLC Senior Vice President and Director of Business Development Joseph Cuomo was named one of Real Estate Forum magazine’s “Top 45 Under 40” in the October 2013 issue.
Greystar Welcomes New Director of Real Estate
Greystar Real Estate Partners, the nation’s largest apartment operator, announced that Bobbie Brunk has joined the company as director of real estate.
Economy Watch: Manufacturing Sector Continues Expansion
Activity in the U.S. manufacturing sector expanded in October for the fifth month in a row, and the nation’s overall economy grew for the 53rd consecutive month, according to in the Institute for Supply Management’s latest Report On Business.
MHN Interview: Taking on Texas
Cortland Partners, an Atlanta-based multifamily acquisition and development firm, announced that it is opening a Dallas office. MHN talks to Nick Wilhelmson, director of investments in Texas, about why Cortland is pursuing the Texas market.
Lowe Enterprises Investors Acquires The Granary in Philadelphia
The Granary, a new nine-story, Class A multifamily community in Philadelphia, has been acquired by Lowe Enterprises Investors from developer Pearl Properties on behalf of an investment client.
Mitchell Properties and The Community Builders Finish Boston Mixed-Income Multifamily Project
A joint venture between Mitchell Properties and The Community Builders has opened 225 Centre, the first phase of a 14-building, transit-oriented $250 million redevelopment of Jackson Square, which is designed to be a link between Boston’s Jamaica Plain and Roxbury neighborhoods.
TODAY’S DEALS: Winthrop Acquires Four Class A Assets for $246M
Winthrop Realty Trust buys 761 units; TruAmerica buys a California community for $81 million; and Grandbridge arranges $26.5 million in financing for two California properties.