News
Economy Watch: Employers Offer More Jobs in February
According to the JOLTS report the number of U.S. job openings at the end of February was 3.9 million, up from 3.6 million January.
HFF Arranges $233 Million in Financing for 1,523-unit Breakers Resort
Holliday Fenoglio Fowler has recently announced that it has arranged $230 million in financing for The Breakers Resort in Denver. Working exclusively on behalf of The Bascom Group LLC, the borrower, the HFF team secured a $165 million first mortgage, a floating-rate loan which includes a three-year term with two, one-year extension options provided through Bank of America and CIBC.
Trammell Crow Residential Announces the Appointment of Leonard Wood Jr.
Trammell Crow Residential announced that Leonard Wood Jr. has joined as a senior managing director.
Riorda, Ryan and Whelan to Open Lee & Associates’ First Office in Maryland
Lee & Associates has opened a Maryland office, which will provide an important link with its national and Northeast outreach.
Washington Heights Apartment Fetches $8.6M
500 Fort Washington Ave., an apartment building in the Washington Heights neighborhood of northern Manhattan, has traded hands for $8.62 million.
The Opus Group to Build Luxury Apartments in Kansas City
The Opus Group, a Minneapolis-based commercial real estate company, announced that its subsidiary Opus Design Build LLC is the design-build contractor for a new luxury community in Kansas City, Mo., called 51 Main.
Dweck Properties Acquires D.C.-Area Multifamily Community for Record Price
Dweck Properties purchased Archstone Crystal Towers, a 912-unit, transit-oriented, high-rise community located in Arlington, Va., from Equity Residential for $322.25 million, which was the largest sum ever paid for a single multifamily property in the Washington, D.C., region.
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.