News
Developer Plans Micro-Lofts in Downtown L.A.
In an off-market deal, real estate investment group TRG has acquired a 100-year-old apartment building near the planned Farmers’ Field in Downtown Los Angeles for $3.05 million. The company plans to redevelop the property as micro-loft units.
Moore Design Group to Partner in Dallas-Area Developments
Interior design firm Moore Design Group will partner with Dallas-based real estate company Alamo Manhattan Inc. in the development of two urban multifamily developments in the uptown and downtown areas of Dallas.
DAMAC Properties Launches Sea-Front Hospitality Project in Dubai Maritime City
Damac Properties, the largest luxury private developer in the Middle East, is planning to build a new luxury tower of serviced hotel residences in Dubai Maritime City.
Pennrose Announces Donald L. Miller Jr. as CFO
Pennrose, a real estate development and management company focused on multifamily communities, announced that Donald L. Miller Jr. has been named chief financial officer.
Equinix Expands Network of Singapore Data Centers in Collaboration with Mapletree Industrial Trust
Equinix, a company dealing with data centers and interconnection has partnered with Mapletree Industrial Trust, an entity that specializes in industrial real estate properties, in order to develop a new data center facility under its International Business Exchange brand in Singapore.
The Farran Group Breaks Ground on $19.5M Mont. Community
The Farran Group has broken ground on a new $19.5 million community in Missoula, Mont. The property is being developed on a former industrial site—a former lumber mill and distribution center.
NYC Condo Property Now Offers Bigger Units
It’s a mark of the recovery of the condo market in New York that condos aren’t only selling again, but demand is rising for larger units.
Corvias Group Executive Promoted to Chief Financial Officer
Corvias Group, a privately owned, vertically integrated real estate solutions group, announced that senior vice president of finance, David Rozen, has been promoted to SVP and chief financial officer (CFO).
TODAY’S DEALS: Kennedy Wilson Closes Two Financings in Japan
Kennedy Wilson closes a $115 million loan on part of its Japanese portfolio; CBRE sells 272 units in Springfield, Ohio; and Walker & Dunlop provides $27.4 million in financing for military apartments.
Sunrise Continues Regional Expansion
San Diego-based Sunrise Management has expanded its Northern California team, adding longtime multifamily industry professional Beth Smith, CPM, as a new regional property manager in its growing Sacramento office.