News
TODAY’S DEALS: Inland Acquires 146 Units in Florida
Inland Real Estate Acquistions buys a townhome development; and Greystone originates $6.7 million for a Florida acquisition.
Grosvenor Americas Acquires Carlmont Woods Apartments
Carlmont Woods Apartments, an 11.5-acre, 195-unit garden apartment community in the upscale San Francisco suburb of Belmont, Calif., has been acquired by Grosvenor Americas of San Francisco, which plans to renovate unit interiors and common-area amenities to modern standards.
Economy Watch: Negative Equity Continues to Drop
Zillow said that it estimates that the national negative equity rate fell to 23.8 percent of all homeowners with a mortgage during the second quarter, down from 25.4 percent in the first quarter.
Leighton Properties Announces Landmark Office Project in North Sydney
Leighton Properties has announced plans to develop North Sydney’s first new commercial building in six years.
Saadiyat Island Gets New Luxury Hospitality Development Project after Completion of Land Deal
Saadiyat Island, one of the most ambitious development projects in the entire Middle East has taken another step forward after Tourism Development & Investment Company recently sold a large plot of land to a developer, for a new hospitality project.
Peabody Property’s Community for Veterans to Open in September
Valley Brook Village, a supportive residential property for returning servicemen and women, will open next month. Designed by The Architectural Team in partnership with Peabody Properties, the developer, it will house 62 veterans at risk for homelessness.
TODAY’S DEALS: Grosvenor Americas Acquires San Francisco Apartment Asset
Grosvenor Americas buys 195 units; Marcus & Millichap brokers a 31-unit sale in Virginia; and NorthMarq Capital arranges a $20.3 million Freddie Mac mortgage.
Halstead Property Development Marketing Announces Sales of Brooklyn Condos
A new residential condominium conversion called 364 Union in Carroll Gardens, Brooklyn has started sales, according to the Halstead Property Development Marketing.
LifeEdited Inc. Announces Plans for Micro-Apartment Project in Sao Paulo
Specialty consultant firm to architects and developers LifeEdited Inc. recently announced plans for a new micro-apartment project in Sao Paulo.
New York Residential Specialists Elects New Members
New York Residential Specialists (NYRS), the REBNY-certified program that recognizes top NYC residential real estate agents with the highest professional credential, announced three new appointments to its Board of Advisors and Executive Committee.