News
TownCentre in Brentwood Changes Hands for $19M
Ridge Capital Investors LLC has acquired TownCentre Commons Apartments, a 137-unit apartment property in Brentwood for about $19.6 million.
TODAY’S DEALS: EdR Completes a $67M Acquisition in Arizona
EdR buys an Arizona asset; Waterton Associates completes its sixth Denver purchase in 2012; and NorthMarq Capital arranges a $22.65 million mortgage.
Property Solutions Launches Mobile SEO for Apple Maps, Siri Voice and Mobile Apps
Property Solutions International Inc., a provider of property management websites and payments, announced the release of mobile local search engine optimization services for Apple Maps, Siri, and top mobile local search apps.
North American Properties Begins Construction on a $35M Multifamily Development
North American Properties has begun construction on BOHO, a 260-unit luxury multifamily residential project in Atlanta’s Historic Fourth Ward, which illustrates the company’s focus on building communities in walkable, urban neighborhoods.
Economy Watch: Retail Sales Advance in September
The Census Bureau reported on Monday that U.S. retail sales for September were up 1.1 percent compared with August, and up 5.4 percent compared with September 2011.
NAREIT Explores 2012 Multifamily REITs
According to a recent report from the National Association of Real Estate Investment Trusts, the U.S. REIT market as a whole underperformed in the third quarter of 2012, but outpaced the broader market in the first nine months of the year.
TODAY’S DEALS: Sacramento Assets Trade for $58.8M
ARA completes two Sacramento transactions; Aimco closes a $190.7 million loan to finance a major Venice, Calif., redevelopment initiative; and Meridian Capital negotiates $34.8 million in financing for fractured condos, multifamily and cooperative properties.
Sunroad Begins Two San Diego Apartment Communities
Sunroad Enterprises has broken ground on two new apartment buildings in San Diego, the Sunroad Centrum Apartment Buildings at Lightwave Avenue and Spectrum Center Boulevard.
Kelly Bliss Joins ARC/ Architectural Resources Cambridge as Director of Business Development
ARC/ Architectural Resources Cambridge, an architectural, planning and interior design firm specializing in educational, sports, science and corporate facilities, announced today that Kelly C. Bliss has joined the firm as an associate and the new director of business development.
Greystone Expands Multifamily Housing Team
Greystone Servicing Corporation Inc., a national provider of multifamily and commercial mortgage loans, has appointed two new hires to further develop and expand Greystone’s lending business. C