News
New Dog Concierge Service at Gateway is Spot On
Gateway, a 1,712-unit luxury rental community in Battery Park City, has inked an agreement with dog services provider The Spot Experience, which will offer its acclaimed breed of dog concierge services to the apartment community’s canine-owning residents.
TODAY’S DEALS: Prime Florida Land Sale Makes Way for 396-Unit Community
ARA completes the sale of a development site in Florida; and Berkeley Point Capital provides a $44.8 million FHA loan for a development in Palm Beach County, Fla.
Economy Watch: Consumers Feeling a Little Better
The preliminary Reuters/University of Michigan consumer sentiment index for February, which was released on Friday, increased to 76.3 from the January level of 73.8.
Eastern Consolidated Hires New Director of Sales and Training
Eastern Consolidated announced that Mark Schnurman has joined the firm as director of sales and training.
TODAY’S DEALS: Rockefeller Group, IPA Break Ground in Arizona
A $57.5 million development breaks ground near Phoenix; Terrace Capital provides $7.8 million for an Ohio asset; and Cohen Financial secures financing for properties in the Midwest.
MHN Interview: Partner Engineering and Science on the Importance of Due Diligence
Partner Engineering and Science Inc. specializes in due diligence, a crucial step multifamily lenders and owners must take prior to acquisitions and foreclosures. MHN talks to Frank Romeo, principal, Partner Engineering and Science, about the multifamily assessments his company makes.
Tower Companies to Overhaul Silver Spring Community with Addition of 1,400 Residential Units
The Tower Companies, a family-owned developer, will redevelop The Blairs, a community of apartments and parking lots located in Silver Spring, Md., into 1,400 new apartments, shopping, walking paths and green space.
East Harlem Center for Living and Learning Breaks Ground
Ground has been broken on East Harlem Center for Living and Learning, a new 151,000-square-foot mixed-use development to offer 88 affordable apartments, a 58,000-square-foot K-8 charter school and more than 6,000 square feet of office space to be used by not-for-profit organizations.
Economy Watch: Foreclosures Plummet Because of California
RealtyTrac reported on Thursday that U.S. foreclosure filings—meaning all default notices, scheduled auctions and bank repossessions—were reported on a bit more than 150,800 residential properties in January.
Marriott Planning Third Peru Venue and Second Hotel in Lima as Expansion Talk Intensifies
Marriott International Inc. is set to expand its operations in the South American state of Peru with a brand new Courtyard by Marriott Hotel location in Lima, the country’s third largest city.