News
Economy Watch: ADP Reports Strong December Showing for Private-Sector Employment
More jobs were added in December than any other month in 2013 according to ADP, and newly-released Fed minutes confirm that the tapering of bond-buying will proceed in January.
Colliers Appoints Mindy Korth to Executive Vice President
Phoenix—Colliers International in Greater Phoenix has appointed Mindy Korth, a top commercial real estate executive with nearly 30 years of experience in the Phoenix market, to the position of executive vice president. Korth will drive Colliers’ investment property sales by pinpointing prime business opportunities for clients, developing business strategies and conducting comprehensive sales transactions. She will collaborate closely with other Colliers’ brokers. Korth’s well-rounded expertise includes a keen understanding of all aspects of commercial real estate transactions, location and market intelligence, and loan acquisitions. “Mindy is a team player with extensive transactional skills and outstanding relationships with national clients who…
Instrata at Mercedes House Fully Leased
If you need a anecdote for the strength of multifamily demand in Manhattan, consider that Invesco’s 162-unit Instrata at Mercedes House has leased up to full occupancy in just 10 months.
Greystone Closes First Freddie Mac Revolving Credit Facility in Seniors Sector
Greystone closes the first Freddie Mac Revolving Credit Facility for the seniors housing sector on behalf of Oakmont Senior Living.
TODAY’S DEALS: Bell Partners Completes 207-Unit Buy in Dallas
Bell Partners acquires a newly-built asset in Dallas; Charles Dunn Co. completes a $2.8 million sale in Los Angeles; and Arbor Commercial funds $55 million for an acquisition.
Carroll Organization Acquires Jacksonville Luxury Apartment Property
Carroll Organization is bullish on Jacksonville, Fla., and gives MHN details on its third acquisition in the city since the beginning of 2013.
MHN Interview: Beach Front Properties’ Kyle Kazan
MHN talks to Kyle Kazan of Beach Front Properties on working with challenging properties and achieving success.
Economy Watch: Home Prices Up Annually, Barely Move Monthly
The growth of home prices slows down, and U.S. total crude oil production should reach its highest level in four decades in 2015.
Aquatherm Delivers a Leak-Free, Durable Alternative to Traditional Piping
Aquatherm heat-fused piping seals at the molecular level, ensuring a leak-free plumbing system. The plastic piping also features a number of inherent health and environmental benefits.
Mack-Cali/Fisher Brothers JV Buys 377 Units in D.C.
A joint venture comprised of Mack-Cali Realty Corp. and Fisher Brothers has closed on a luxury multifamily project currently being constructed in Washington, D.C.’s trendy H Street submarket.