News
Find Simple Sophistication in New Light Offerings from Sonneman
Modern luxury apartment design has been trending towards minimal elegance for years, and two new series of lights from Sonneman – A Way of Light are here to help your community make a simple, polished statement.
TODAY’S DEALS: Centerline Provides a $17.9M Affordable Loan
Centerline provides acquisition financing for an affordable asset; Kennedy Wilson buys a 366-unit property in Utah; and Grandbridge Real Estate Capital closes an $11.3 million first mortgage for a student housing community in Georgia.
Yardi Becomes Member of ORCA’s Founders Club with Participation in Data Collaboration Project
Yardi Systems announced its partnership with the Ontario Retirement Communities Association on a data collaboration project designed to collect and analyze key data elements associated with retirement communities in the province of Ontario.
Economy Watch: Consumers Still Confident About Housing
Consumers might still be a little leery about the broader economic recovery, but at least they’re fairly confident in the housing recovery.
InterfaceSERVICES Facility Earns LEED-CI Gold Certification
The facility dedicated to housing InterfaceSERVICES—the installation and maintenance business unit of modular carpet tile manufacturer Interface—has earned LEED-CI Gold Certification.
Chicago Student Housing Property Trades Hands for $58.5M
2 E. Eighth St., a 330-unit student housing property in downtown Chicago, has been sold for $58.5 million. The 28-story, 882-bed high rise is closest to Columbia College and Roosevelt University, but also houses students from other nearby schools.
The Marquette Companies Acquires 314-Unit Texas Community, Plans Renovations
The Marquette Companies, a Naperville, Ill.-based real estate company, has purchased a 314-unit community in Fort Worth, Texas.
Pennrose Announces Linda Veregin as Regional Vice President
Pennrose, a real estate development and management company focused on multifamily communities, announced that Linda Veregin has been named regional vice president.
TODAY’S DEALS: Bascom Acquires Phoenix-Area Asset for $35.2M
Bascom acquires a 352-unit asset in Chandler, Ariz.; Senior Living Investment Brokerage facilitates two Oregon sales; and Lee & Associates closes an eight-unit, $1.4 million sale in Glendale, Calif.
Next Phases of Northwest Gardens Break Ground in Ft. Lauderdale
Ground has been broken on Phases II and IV at Northwest Gardens in Ft. Lauderdale, Fla.