News
San Diego Solar-Powered Apartments Lease Up Quickly
Solterra EcoLuxury Apartments, which has been open for 10 weeks, reports full occupancy. The 114-unit property is distinctive for being the first apartment community in San Diego County that’s fully photovoltaic.
Q2 Commercial/Multifamily Originations Up 7 Percent from Last Year; 36 Percent from Q1
Commercial and multifamily mortgage origination volumes during the second quarter of 2013 were 7 percent higher than during the second quarter of 2012 and 36 percent higher than during the first quarter of 2013, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Faux Tin Ceilings from Armstrong Offer a Unique Renovation Solution
Armstrong Residential Ceilings has released a new line of faux tin ceiling tiles called Tin Look that can easily and affordably bring a unique look to your units or common areas.
DeMatteis and Mattone Find Success with Luxury Apartments in NYC
Co-developers the DeMatteis Organizations and the Mattone Group have sold over 80 percent of its Upper East Side luxury high-rise community Azure, with fewer than 17 residences remaining—all Tower Residences, which are the high-floor homes with sweeping NYC views.
New Boston Fund Names Walker VP of Construction
New Boston Fund Inc., a private equity real estate investment, development and management firm, announced today the promotion of David Walker to vice president of construction in the Northeast.
Gvest Adds Frericks as CFO
Gvest Partners has hired Kevin Frericks, CPA, as chief financial officer. Frericks will be based in the firm’s Atlanta office.
Economy Watch: Pending Home Sales See Downtick
The National Association of Realtors reported on Monday that its Pending Home Sales Index dropped a notch in June to 110.9 from May’s reading of 111.3. The May reading was the index’s highest level since before the housing bubble burst; back in December 2006, the index maxed out at 112.8.
James Stanfill Joins McKinley as Managing Director, West Coast Residential Operations
McKinley announced that James Stanfill has joined the company as managing director, West Coast operations, to lead the McKinley Residential expansion into California.
Student Housing Near Central Connecticut State Sells
Campus View Apartments in New Britain, Conn., has traded hands for $4.72 million. The property is a 63-unit student-housing community at the entrance to Central Connecticut State University.
LCOR Announces Penthouses Available at NYC Luxury Building
LCOR has released The Penthouse Collection at 25 Broad, a community in New York. There are four units in the collection, two of which are already leased.