News
Victorian Factory Becomes Green Apartments
The Abbot Mill renovation in Forge Village of Westford, Mass., has been completed. Originally built in 1870 and long a part of the industrial history of Massachusetts, the property now includes 131 residential units, 13 of which are affordable housing.
Jones Lang LaSalle Announces International Director Promotion
Jones Lang LaSalle Incorporated has named Managing Director Faron Thompson to international director.
Economy Watch: Employment Growth Up, But Economy Still Spinning Its Wheels
Though the report turned out better than expected, July’s employment numbers still count as mediocre.
Terra Group Plans for New Residential Towers in Coconut Grove
Terra Group, a Miami-based real estate development company, is planning to build Grove at Grand Bay, two luxury towers nestled in Coconut Grove comprising 96 units. The residential buildings are expected to be certified LEED Silver.
TODAY'S DEALS: AIMCO Completes 192-Unit Sale
AIMCO buys a 192-unit asset in Florida; Arbor closes six DUS deals totalling $33.5 million; and CB Richard Ellis — N.E. Partners LP completes the sale of a $10 million asset in Allston, Mass.
PROFILE: Conix Inc.
In its search for distressed properties, Conix Inc. may have a special tool that may not be at the disposal of many other market players.
Economy Watch: Demand for Prime Mortgages Up
The Federal Reserve released its July “Senior Loan Officer Opinion Survey on Bank Lending Practices” on Monday, offering the conclusion that “modest fractions of domestic banks, on balance, continued to report having eased their lending standards across most loan types over the past three months.”
John Harrison Appointed REISA Executive Director/CEO
Harrison will head up the association’s office in Indianapolis, reporting to the elected board of directors which is comprised of 13 leading industry professionals
TODAY'S DEALS: EdR Completes Mezz Loan, Enters Option to Purchase Penn State Asset
EdR invests in a Penn State development; HFF provides financing for three Texas assets; and Boston Capital invests in two affordable developments.
Bulverde Oaks Luxury Complex Breaks Ground in North San Antonio
By Camelia Bulea, Associate Editor Teeple Partners Inc. announced the groundbreaking of a new luxury complex, called Bulverde Oaks, in North San Antonio. The developer will build a 328-unit apartment complex with amenities include private attached garages, granite countertops in kitchens and bathrooms and wood-style plank flooring. The complex will have a mix of one-, […]