News
Ivanhoé Cambridge Expands London Portfolio by Acquiring 105 Additional Residential Units
Ivanhoé Cambridge, a real estate subsidiary of the Caisse de dépôt et placement du Québec, a Canadian institutional fund manager, has recently announced it has added Imperial House and Kew Bridge Court, totaling 105 residential units, to its London portfolio.
Yardi and WhiteFence Take Step to Make Moving into Apartments Easier
A new Yardi® and WhiteFence software integration will allow apartment renters to select electric, cable, Internet, phone and rental appliances online immediately upon signing a lease.
Mindi McClure Joins Greysteel Capital Markets
Greysteel Capital Markets, a Washington, D.C., real estate capital markets and investment banking firm, announced that Mindi McClure has joined the firm as managing principal.
Economy Watch: Home Price Grows, Slows
In another indication that home price appreciation isn’t quite as fleet-footed as it has been recently, the Federal Housing Finance Agency said that its House Price Index was up 0.3 percent in August compared with the previous month.
Pembrook Capital Management Provides $7.5M for Brooklyn Community
Lincoln Park, a Brooklyn development consisting of two apartment buildings totaling 133 units, has obtained $7.5 million in equity financing for its construction from Pembrook Capital Management.
Crescent Heights Acquires The Strand in Record-Breaking Jacksonville, Fla., Sale
The CBRE Jacksonville Multi-housing Group has brokered the sale of The Strand, a 295-unit waterfront high-rise apartment building in Jacksonville’s Southbank District to Miami-based Crescent Heights for a record breaking $53.3 million.
TODAY’S DEALS: Diversified International, Alliance Residential Buy a Tempe Asset
Transwestern brokers a 84-unit sale in Tempe; and CBRE/New England arranges a $21.5 million sale in Boston.
Economy Watch: Jobs Report Mediocre Throughout
The delayed U.S. employment report for September from the Bureau of Labor Statistics turned in a modest 148,000 new jobs for the month and noted a downtick in the unemployment official rate, from 7.3 percent to 7.2 percent—though that was mostly because of a small decline in workforce participation.
Duravit Announces Designer Dream Bath Winner
Duravit has selected the winning projects for its first design competition, the Duravit Designer Dream Bath Competition.