News
TODAY’S DEALS: Ytech Acquires Five Communities for $35M
Ytech International acquires 1,312 units in Houston; NorthMarq Capital secures $24.1 million for a Houston acquisition; and Arbor Commercial announces its New York office funded $79M in loans.
DelShah Capital Completes a $26.8M Buy in NYC’s West Village
DelShah Capital has acquired 37 units in New York’s West Village from Stone Street Properties.
Sales Open on Sarasota’s First Waterfront Residential Community Since 2006
Sales have commenced on residences at Sarsota’s first waterfront residential community since 2006.
TDI Real Estate Commences Construction on Jefferson Las Colinas in Dallas
Construction has started on Jefferson Las Colinas, a 386-unit luxury multifamily community in Las Colinas, a submarket of Dallas. TDI Real Estate is developing the community.
Green Cabinetry That Could Really ‘Transform’ a Space
If you’re going green, one of the easiest first steps is to source products that are locally produced. In the New York region, for high-end cabinetry, developers should look to Bazzeo by NYLOFT. The company, which is based in North Bergen, N.J., uses recycled wood and other eco-friendly materials for its cabinetry.
The Mark Company Appoints Geoffrey Herrick as Partner
The Mark Company, an urban residential marketing and sales firm, announced Geoffrey Herrick has joined the firm as partner. He was previously senior director, residential sales and marketing at Tishman Speyer Properties.
Miami’s Newgard Development Group Wins Latin Builders Association 2013 ‘Developer of the Year’ Award
The Latin Builders Association® (LBA), the largest Hispanic construction association in the United States, recognized Miami-basedreal estate development firm Newgard Development Group with the 2013 “Developer of the Year” award.
TODAY’S DEALS: Canyon Catalyst Fund Acquires a Pair of Bay Area Apartments
The Canyon Catalyst Fund and Sack Properties buy two Bay Area apartment assets; Coseo Properties completes a Michigan multifamily acquisition; and BMC completes an $18.5 million cash-out refinance in a tertiary market.
Development Projects Keep Related of Florida Busy
The Related Group’s current apartment developments include the following: Pierhouse Construction complete, and the project is in lease up. Pierhouse is a 356 unit apartment development which will be constructed in four four-story stick frame buildings with 4,800 leasable square feet of retail and will be parked by two separate four story precast concrete parking garages. The project will have six unit types, which includes 33 studios, 186 one bedrooms and 133 two bedrooms. The project is designed by MSA Architects and includes an expansive pool/sun deck area, unique Urban Pathway, gym, spa, event meeting/dining room, a double-height club lounge…
Pollack Shores RE Breaks Ground on New Largo, Fla., Luxury Community
Construction is underway on Largo’s first luxury apartment community in nearly 20 years, as Pollack Shores Real Estate Group announced that it has broken ground on its 342-unit Gateway North community in the Gateway area of the Tampa suburb.