News
Mixed-Income Apartments Open in Boston
The first phase of Charlesview Residences, a 340-unit development in Boston’s Allston-Brighton neighborhood, has opened.
JV Breaks Ground on Mass. Mixed-Use Development
A groundbreaking ceremony was recently held for Merchants Row, a mixed-use development in the Quincy Center in Quincy, Mass. The project was made possible in part by $55 million in equity financing secured by LaSalle Investment Management.
TODAY’S DEALS: HFF Arranges $28.5M for Class A Florida Asset
HFF arranges a refinancing for a Jacksonville property; NorthMarq and West Coast Capital place $11.5M for a 124-unit asset in Redlands, Calif.; and Beech Street Capital completes a Fannie Mae acquisition loan.
New-Home Sales Rise 2.1 Percent in May
Sales of newly built, single-family homes rose for a third consecutive month in May, posting a 2.1 percent gain to a seasonally adjusted annual rate of 476,000 units, according to data released by HUD and the U.S. Census Bureau.
Gerber Expands Ultra Flush Toilet Offering with 1.28 gpf Model
Upgrading to high efficiency toilets is the easiest way to put a major dent in community water use. This is especially true for older properties that might still employ units that use up to 3.5 gallons per flush.
Hendricks-Berkadia Taps Houston Apartment Veterans to Launch New Office
Hendricks-Berkadia, the investment sales business unit of Berkadia Commercial Mortgage LLC (Berkadia), announced the hiring of Chip Nash and Greg Austin as partners with the firm.
McCann Realty Hires Texas-Based Vice President of Acquisitions
B. Todd Marney has joined McCann Realty Partners (“MRP”) as vice president of acquisitions.
Economy Watch: Chicago Fed National Activity Index Sees Uptick
The Chicago Fed reported that its National Activity Index (CFNAI) increased to –0.30 in May from –0.52 in April, noting that production- and employment-related indicators drove the uptick.
Work Begins on Multifamily Redevelopment in East Dallas
Prescott Realty Group, in conjunction with the city of Dallas, has restarted two projects located near Lake Highlands Town Center in East Dallas that were delayed by the late 2000s downturn in the local real estate market.
Carroll Organization Acquires Second Community in Jacksonville, Fla.
Carroll Organization and investment partner NorthStar Realty Finance Corp. have acquired multifamily community Paddock Club in Jacksonville, Fla., their second major acquisition in the area within the past two months.