News
TODAY’S DEALS: Cohen Financial Secures $27.7M Construction Loan Miami Condo
Cohen Financial provides a construction loan to a nearly sold out Miami condo; Morgan Properties and Core Properties acquire a 500-unit portfolio in Maryland; and NorthMarq Capital’s Denver office executes two loans totaling $33.12 million.
NWP Services Corporation Expands SSAE 16 Type II Audit Report for Multifamily Customers to International Standards ISAE 3402
NWP Services Corporation (NWP), a provider of utility management, resident and property operation services, today announced successful completion of the US SSAE 16 Type II Report (Statement on Standards for Attestation Engagements No. 16).
Alliance Residential Buys San Diego-Area Apartments for $160M
Alliance Residential has acquired Coronado Bay Club, a 549-unit, garden-style apartment community in Coronado, Calif., an affluent “island” suburb of San Diego.
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.