News
Western National and Nor’wood to Develop Colorado Springs Community
In their fourth joint venture in Colorado Springs, Colo., Western National Group and Nor’wood Development Group are developing a multifamily community in the InterQuest Marketplace development.
TODAY’S DEALS: LocalConstruct Acquires Second Colorado Springs Asset in Six Months
ARA closes a 200-unit sale in Colorado Springs; Grandbridge arranges $30.8 million for two Florida properties; and Essex Realty Group brokers the sale of a mixed-use property for $3.2 million.
Auction.com Names Michael Callahan as Executive Vice President, Chief Legal Officer and Secretary
Auction.com announced that Michael Callahan has been named executive vice president, chief legal officer and secretary.
Broward County Housing Authority Receives $895K to Provide Rental Assistance to Homeless Veterans
The U.S. Department of Housing and Urban Development (HUD) has awarded Broward County Housing Authority (BCHA) $895K in supportive housing assistance to help chronically homeless military veterans and their families find a permanent place to call home.
SoCal Rental Community on Track for February 2014 Completion
A rental community featuring both townhomes and apartments is being developed on a 1.1-acre parcel in southern Garden Grove, a city in the heart of Southern California’s Orange County.
Economy Watch: Employment Increase Broad-Based in June
The jump in employment reported by the Bureau of Labor Statistics, a nationwide increase of 195,000 jobs, was fueled by a number of sectors—leisure and hospitality, professional and business services, retail trade, healthcare and financial activities.
Onward and Upward
LCOR survived the Great Recession with a Lehman partnership. Now, it forges ahead with CalSTRS…
Art’s at the Heart
More developers embrace public art as part of residential projects.
TODAY’S DEALS: Meridian Negotiates Loans Totaling $72.6M for Properties in NYC
Meridian Capital Group LLC extended financings totaling $72.6 million to mixed-use, multifamily and cooperative properties; and Grandbridge Real Estate Capital arranged a $17.7 million CMBS loan for a property in Missouri.