News
Greystone Continues West Coast Expansion
Greystone, a national provider of multifamily and commercial mortgage loans, will be actively recruiting and hiring experienced originators, underwriters and closing staff to its California offices.
Economy Watch: Fed Chairman to Congress: Pay Your Bills
Fed chairman Ben Bernanke gave a speech at the University of Michigan on Monday, characterizing the U.S. economy as in a “relatively fragile recovery,” and noting that there has been only “modest improvement” in the labor market.
SoNo Sale in Chicago Closes
SoNo East, a new 22-story apartment tower with ground-floor retail at 840 West Blackhawk St. in Chicago, has traded hands. In 2011, Prudential Real Estate Investors agreed to purchase the property upon completion from Smithfield Properties, and now the deal has been done for an unspecified price.
Related Companies and The Beal Companies Sell Boston Penthouse for $6.5M
Related Companies and The Beal Companies announced that the 3,500 square foot Penthouse 1 at The Clarendon has been sold for $6.5 million, or $1,834 per square foot. This represents the first collaboration between the two companies.
The Marketing Directors Announces New Marketing Coordinator, Laura Green
Laura M. Green has joined The Marketing Directors, a development advisory and master property marketing and sales force, as its new marketing coordinator.
TODAY’S DEALS: Rambleside Acquires 586-Unit Asset in Charlotte
ARA brokers the sale of a 586-unit asset in Charlotte; Boston Capital closes a tax credit fund encompassing 22 affordable properties; and Aries Capital helps an owner secure financing for a fractured condo/apartment community.
“The Future of Zone A”: A Panel Discussion on Climate Change Adaptability
As the effects of climate change continue to make themselves known around the globe, New York City has become all too familiar with this new and devastating phenomenon.
Economy Watch: Trade Deficit Up
The U.S. Department of Commerce reported that the trade deficit (both goods and services) was up to $48.7 billion in November, compared with $42.1 billion in October.
The Enclave Gains an Annex in Suburban Milwaukee
As the charming, old-line community on Milwaukee’s western doorstep, Wauwatosa, Wis., savors an enviable distinction. That made it an appealing location for The Enclave, a 152-unit luxury apartment community that opened last year, and The Annex @ Enclave, a 40-unit extension of The Enclave.
TODAY’S DEALS: Related California Breaks Ground on 19-Story L.A. Tower
Related California begins a $120 million project in Los Angeles; NorthMarq arranges $62.09 million in Freddie Mac refi loans for S. Florida properties; and Gingko Residential completes an $8.5 million purchase in Charlotte.