News
Commercial/Multifamily Mortgage Debt Outstanding Declines Fueled by Drop in CMBS Loans
The level of commercial/multifamily mortgage debt outstanding decreased by $10.4 billion, or 0.4 percent, in the second quarter of 2012, as the balance of loans in CMBS, CDO and other ABS issues continued to decline, according to the Mortgage Bankers Association (MBA).
aptsandlofts.com Continues Expansion at Cobble Hill Office
New York—aptsandlofts.com, a privately owned full-service NYC real estate brokerage, has announced that Jeanine Castellano will be joining aptsandlofts.com residential division as senior project manager, leading the leasing at 27 on 27th in the Court Square neighborhood of Long Island City. aptsandlofts.com expert Brad Philips has been named managing director of the Cobble Hill office. A longtime agent with MNS and the Developers Group with over 10 years of industry experience, Castellano will oversee the leasing program at 27 on 27th, aptsandlofts.com’s new rental tower in the Court Square neighborhood of Long Island City, slated to launch in October of…
Construction Process Underway on Charlestown Crossing
Charlestown Crossing, an apartment community that represents the first joint venture between The Dolben Company Inc. and Klein Enterprises, is on track for delivery of first units in April 2013, and completion of construction a year later.
Economy Watch: Unemployment Edges Up in 26 States, Down in 12
The U.S. Bureau of Labor Statistics reported on Friday that regional and state unemployment rates had little change in August.
Chicago-based REIT Acquires 235-Bed Student Housing Property in St. Paul
By Gabriel Circiog, Associate Editor Chicago-based real estate investment firm Harrison Street Real Estate Capital has closed on a 235-bed student housing property dubbed Stadium Village Flats, the Minneapolis / St. Paul Business Journal reports. Situated at the University of Minnesota in St. Paul, the Stadium Village Flats were sold by the Opus Group. The […]
TODAY’S DEALS: MAA Enters Kansas City Market with 323-Unit Purchase
MAA enters Kansas City; Bluerock completes a disposition in Austin; and Boston Capital invests in an affordable seniors development in West Roxbury, Ma.
Halstead Property Broker and Team First to Create Real Estate iPad App
Julia Boland of The Boland Team at Halstead Property, a New York-based multifamily brokerage firm, has debuted One212, the first iPad app developed by a broker.
Work Begins on Affordable Seniors Housing Near Nashville
The Franklin Housing Authority and the Michaels Organization have broken ground on the Senior Residences at Reddick Street in the Nashville suburb of Franklin.
Panama to Get First W Hotel, Part of 50-floor Evolution Tower Development
Panama is set to be the next location to appear on Starwood Hotels & Resorts Worldwide, Inc.’s roster after the company only recently announced the fact that the W Panama will be part of the Evolution Tower, a new mixed-use development set to take shape in the city’s financial district.
Berkeley Point Capital Hires Lina Storm as its National Head of Marketing
Lina Storm recently joined Berkeley Point Capital LLC as its director, national head of marketing.