News
BLT and Metrovest Unveil Third Rental Building at The Beacon in Jersey City, NJ
Co-developers BLT and Metrovest have unveiled their latest building, The Paramount, within the companies’ Jersey City, N.J. development The Beacon, following on the heels of successful lease-ups of its two other buildings, Mercury and Orpheum, earlier this year.
Stonemark Management Adds Yardi Expertise
Multifamily property management firm Stonemark Management recently hired Lela Brooks to train managers and leasing staff on the Yardi platform.
CBT Architects-Designed Charlesview Residences Open in Boston
The newly opened Charlesview Residences development, designed by CBT Architects, signals a bright new day for long-time residents of the structure it supplants, the dilapidated, 42-year-old Charlesview Apartments in Boston.
Economy Watch: 200k+ Jobs Created in November
The U.S. economy created 203,000 jobs in November, according to the Bureau of Labor Statistics, roughly the same as in October, and a bit more than expected.
Architect Forms New NY Firm, Works on Multifamily
Martin Kapell, until recently a partner at WASA/Studio A, has formed a new architecture firm in Hudson Square in Lower Manhattan: think! architecture and design.
Aria Completes DC Apartment Renovation
Aria Development Group completed renovation on The Bond, making it into an 83-unit apartment community in Washington’s West End neighborhood.
TODAY’S DEALS: Campus Advantage Buys 850-Bed Student Housing Asset in Georgia
HFF arranges the sale of a newly built student housing property; Federal Capital Partners provides $10 million for a high-rise student housing asset in North Carolina; and Johnson Capital arranges a $6 million takeout loan for a newly constructed property.
Mark Bittenbender Joins Greysteel Capital Markets
Greysteel Capital Markets, a Washington, D.C.-based real estate finance firm, announced that Mark Bittenbender has joined the firm as director.
New Boston Fund and Asian Community Development Corp. Kick Off Construction on 362-Unit Mixed-Income Community
New Boston Fund Inc. and the Asian Community Development Corporation have announced the closing of financing and the beginning of construction on the mixed-income community One Greenway, located on Hudson Street in Boston’s Chinatown neighborhood.
Passco Companies Acquire Colorado Springs Community for $54M
Passco Companies has acquired the former Alexan at Briargate, a 332-unit Class A multifamily community located in Colorado Springs, Colo., which was rebranded as Vue21.