News
TODAY’S DEALS: HFF Closes Sale of N.J. Development Site
A 25.4-acre fully approved site trades hands; Clarion Partners buys a student housing asset in Tucson; and Meridian Capital negotiates $43 million in financing for properties in New York.
Sunrise Management Opens New Phoenix-Area Office; Names New Regional VP
Phoenix—Sunrise Management has expanded its Southwestern operations, opening a new Phoenix-area office at 1921 S. Alma School Rd., Suite 214, Mesa, Ariz. To keep pace with growth in the region, Kevin Pennel has been promoted from regional real estate manager to regional vice president for the new office and will lead a team overseeing an expanding portfolio of multifamily properties. According to Pennel, the multifamily market in the Phoenix area is robust and because of demand, coupled with its proven track record in the area, Sunrise is expanding in the region. The firm currently manages approximately 3,659 units within 19…
Hakimian’s 75 Wall Condos Setting the Pace for FiDi Sales
The Hakimian Organization announced that the sales total for October has exceeded $17 million through 12 transactions at its 75 Wall community atop the Andaz Wall Street Hotel in New York.
Amenitize Your Shower with VOLA Round
Sometimes it is simple form that yields elegance. That is certainly the case with VOLA’s first ever round-head shower that is part of the VOLA Round range.
Victory Housing Opens Seniors Affordable Housing in Rockville, Md.
Victory Housing has opened Victory Court, a mixed-income community for residents 62 and older in downtown Rockville, Md.
Economy Watch: Pending Home Sales Decline
The National Association of Realtors said that its Pending Home Sales Index dropped to 101.6 in September from a downwardly revised 107.6 in August.
KDC Starts Work on Mixed-Use Property in Suburban Dallas
Developer KDC has unveiled plans for the initial phase of a transit-oriented development located on 186 acres in Richardson, Texas, an affluent inner suburb of Dallas.
Tresa Harting Joins the Greystar Student Living Team
Greystar, the nation’s largest apartment operator, announced the hiring of Tresa Harting as director of real estate for Greystar Student Living.
TODAY’S DEALS: Pinnacle Sells 304-Unit Apartment Near Dallas
Cortland Partners buys Texas asset from Pinnacle; CBRE/New England brokers the $7.8 million sale of a Section 8 property in Massachusetts; and BMC Capital provides a $2.8M loan and enables lower interest on foreclosed property.
Altman Companies Set to Begin Construction of 239-Unit Mixed-Use Community
The Altman Companies has acquired 10-acres in the Westchase area of Tampa and intends to immediately start the construction of a 239-unit mixed-use community, the Altis at Highland Park, with hopes of delivering the first units by July of next year.