News
Resmark Acquires Full Interest in Santa Clarita MF Property
Resmark Apartment Living, a division of the Resmark Cos., has acquired the interests of its former joint-venture partner Archstone in a new 157-unit multifamily community in Santa Clarita, Calif.
DelShah Capital LLC forms DelShah Lending
DelShah Capital LLC, a full-service real estate debt acquisition, development and management company, has formed DelShah Lending to originate short- and long-term hard money, bridge and mezzanine loans in New York City.
New York City Department of Parks & Recreation Selects Yardi Voyager
Yardi announced that the New York City Department of Parks & Recreation will adopt Yardi Voyager(TM) for Government as its property management and accounting platform, continuing a business relationship with Yardi that dates back to 1995.
Two Affordable Housing Projects Developed in L.A.
Thomas Safran and Associates has developed Del Rey Square Senior Apartments, a 124-unit community in the upscale neighborhood on the Westside of Los Angeles, while AMCAL Multi-Housing has developed Portola Terrace, a 45-unit affordable community for families and young professionals in historic Temecula in Riverside County.
Economy Watch: Retail Sales Edge Up
The Census Bureau reported that U.S. retail sales were up 0.1 percent month-over-month in April, adjusting for seasonal variations and holidays, but not price changes.
EasyHeat Warm Tiles are a Welcome Upgrade to Any Bathroom
A cold floor is no way to start off the day. Electric radiant heating is an easy and inexpensive way to keep your residents’ toes warm.
New Condos Planned for Miami’s Brickell District
The Rilea Group has unveiled plans and started marketing efforts for the Bond at 1080 Brickell, a new 323-unit condo tower in the Brickell Financial District. Construction of the 44-story tower is set to begin in late 2013, with completion scheduled for mid-2015.
Joint Venture to Build Minneapolis-Area Multifamily Community
In a joint venture, Trammell Crow Company, through its subsidiary High Street Residential, and Investment Real Estate Trust Properties (IRET Properties) will develop a 260,000-square-foot multifamily community in Golden Valley, Minn.
Brooklyn Development Properties Acquired by Greystone
The New York City-based real estate development and financial services company Greystone has acquired two Brooklyn, N.Y., development properties totaling more than $50 million in value.
Economy Watch: Senior Home Builders More Optimistic
The National Association of Homebuilders said that its 55+ Single-Family Housing Market Index increased 19 points year-over-year to 46 in the first quarter of 2013.