News
Economy Watch: Debt Ceiling Lumbers Back Onto National Stage
The House is again working on a bill to raise the debt ceiling, and the Las Vegas housing market is showing signs of a recovery now that 72 percent of residential transactions are conventional.
Eastview Development Names Gregory Stepp Director of Construction
Miami—South Florida-based real estate development firm Eastview Development has named Gregory Stepp as its new director of construction. Stepp is a seasoned real estate professional with more than two decades of industry experience developing high-profile construction projects. Prior to joining Eastview, Stepp served as president of Southland Contractors Group, Inc. in Davie, Florida. He also held previous positions with WSG Development Company, Related Group, CMC Group and Turner Construction Corp. In his new role, Stepp will be responsible for the day-to-day oversight, direction and control of the development and construction of Eastview’s 399-unit Biscayne Beach luxury condominium project. Located at…
Berkadia Promotes Ernie Katai to Head of Production
Horsham, Pa.—Berkadia Commercial Mortgage LLC announced the promotion of Ernie Katai to executive vice president and head of production. He succeeds Karl Reinlein, who is stepping down from day-to-day production management after 17 years of service to Berkadia. Katai was formerly a senior vice president and branch manager of Berkadia’s Detroit office. In his new role, he will be responsible for the oversight of Berkadia’s national origination network, which spans more than 50 offices nationwide. The change is effective February 22, 2014 and Reinlein will remain with the company to work with Katai on strategic projects and role transition. Katai…
Meta Housing Appoints Kasey Burke as President
Los Angeles—Meta Housing Corporation, a developer of affordable and market-rate apartment communities for seniors and families, has announced the expansion of its executive leadership team with the appointment of Kasey M. Burke as president. Burke, who has worked with Meta Housing for more than a decade and most recently served as its executive vice president, will guide the strategic direction and positioning of the company as it continues to expand in size and scope. “Our company has grown tremendously since its inception more than 20 years ago, and that growth has been magnified over the past five years,” says John…
Keller Williams NYC Welcomes Corcoran Agents Wilkinson and LeFevre
New York—Keller Williams NYC (KWNYC) announced the addition of Janet Wilkinson and Susan LeFevre to the sales team. The two agents, who work as a team, joined KWYNC after an extremely successful run at the Corcoran Group. “Joining Keller Williams NYC provides a collaborative think tank where agents viewpoints are valued,” says Wilkinson. “We believe in the Keller Williams model because it plays to our entrepreneurial approach to this business and we look forward to contributing to the expansion of Keller Williams NYC.” Prior to KWNYC, Wilkinson spent four years as a licensed associate broker at Corcoran, where she was…
Hill & Wilkinson Awarded Dallas Mixed-Use Construction Contract
Lincoln Property Co. awards Hill & Wilkinson with a $38.6 million construction contract for Lincoln Knox Apartments, a six-story, 165-unit luxury infill apartment development in Dallas.
Hines Selects Gehry Partners Design for Germany’s Tallest Residential Tower
International real estate firm Hines announced that Gehry Partners has won the architectural competition for the company’s 300-unit apartment project in Berlin. The asset is the first residential high-rise development in Berlin since the 1970s, and will likely be the city’s tallest.
TODAY’S DEALS: Orlando Asset Trades for $11.6M in ARA Sale
Rivergate Partners acquires a 192-unit asset in Orlando; UC Funding closes an $8.8 million acquisition bridge loan in Houston; and Bascom closes on the purchase of three apartment properties for $19 million.
Transaction Kicks Off TCC, Hanover Co. Redevelopment in Austin
The sale and transfer of the Green Water Treatment Plant parcel in Austin has officially kicked off the redevelopment of the site by a partnership involving Trammell Crow Company, The Hanover Company and Pacific Life Insurance Company.
Economy Watch: January Jobs Numbers Mixed, Budget Deficit Shrinks
January numbers show that construction and manufacturing jobs are hot, while professional and business services jobs are not. Also, the Congressional Budget Office reports a shrinking budget deficit.