News
TODAY’S DEALS: LATA Acquires Three Properties for $98.9M
Landmark Apartment Trust of America buys three assets; Bascom Arizona Ventures completes a 226-unit purchase; and Centerline Capital Group completes a $66.5 million refinancing of two multifamily properties
Hyatt Plans to Partner with Playa Hotels & Resorts to Add All-Inclusive Resorts to Portfolio
Hyatt Hotels Corporation recently announced that a wholly owned Hyatt subsidiary intends to form a partnership agreement with Playa Hotels & Resorts B.V. and enter the all-inclusive resort segment.
Cerberus Acquires Two Retail Property Portfolios in Germany
Affiliates of Cerberus Capital Management LP have entered into definitive agreements to purchase two German retail property portfolios out of receivership.
It’s All About the Bandwidth
Fresh challenges are forcing new ways of thinking about telecom delivery.
Ingerman Developing Second Phase of Luxury Apartments in Collingswood, N.J.
Ingerman commenced construction on phase two of The Collings at The LumberYard, the only transit-oriented, luxury apartment community in Collingswood, N.J.
Alied Orion Group Names Mitch Maples As Chief Financial Officer
Allied Orion Group LLC has named Mitch Maples as its new chief financial officer. Maples will be responsible for overseeing all financial/accounting operations for both the corporate property management and development office.
Economy Watch: New Home Sales Rise in June
The Census Bureau reported on Wednesday that new home sales in June were at an annualized rate 497,000 units, representing an 8.3 percent increase from May, when sales were an annualized 459,000 units.
SVN|Crossroads Property Management Taps Kirsten Helma as New COO
Sperry Van Ness International Corporation (SVNIC), a commercial real estate services franchisor, announced that Kirsten Helma has joined SVN|Crossroads in Schaumburg and Chicago as its chief operating officer.
Second Quarter Apartment Markets Mixed in Latest NMHC Survey
While demand for apartment homes remained strong, rising interest rates exerted negative pressure on the industry’s ability to secure debt financing according to the National Multi Housing Council’s July Quarterly Survey of Apartment Market Conditions.
Camp Pendleton Housing Wins Design-Build Award
The Design-Build Institute of America has awarded the United States Marine Corps’ Bachelor Enlisted Quarters Package 8 at Marine Corps Base Camp Pendleton a national Design-Build award.