News
The LeFrak Organization Welcomes New Regional Leasing Director
The LeFrak Organization, one of the largest private real estate holders in the world, announced today that Brian Decillis has joined the company as Newport’s regional leasing director.
Apartment Rents Still Ballooning in Manhattan
Landlords have it good in Manhattan, at least in terms of a recovery in rental rates in recent years, according to a new report by Real Impact Real Estate.
TODAY’S DEALS: IPA Completes San Antonio Sale
IPA brokers a Texas sale; Steadfast Income REIT acquires a suburban Austin community for $18.4 million; and NorthMarq Capital arranges a $32.8 million, five-year, takeout loan with flexible prepayment requirements.
Historic Gothic Building Redeveloped into Luxury Apartment Community
It is possible to have all the charm of an old building with all the conveniences and luxury of a new one, as 806 Capital and Federal Capital Partners are proving with The Arch, a historic gothic building open for pre-leasing of luxury apartments.
Economy Watch: Existing Home Sales Drop
Existing home sales, which have been on an upward trajectory most of this year, took a dip in June, according to the National Association of Realtors.
Doha Festival City a Result of the Middle East’s Continued Growth
The capital city of Qatar is set to get a massive shopping center currently under development by Bawabat Al-Shamal Real Estate Company, or Basrec, a joint venture between Al-Futtaim, Qatar Islamic Bank and Aqar Real Estate Development and Investment.
Boston Capital Invests in Three North Carolina Affordable Developments
Boston Capital has invested in the construction of a trio of North Carolina affordable multifamily developments.
MG Properties Group Hires Richard Gelbart as Vice President, Investor Relations
MG Properties Group (MGPG), a private, San Diego-based real estate investor and operator, has announced the hiring of Richard Gelbart to the newly created position of vice president, investor relations.
Boston Apartment Market Decidedly Tilted Toward Landlords
In its latest report on the Boston apartment market, real estate investment specialist Marcus & Millichap says that circumstances are not only in landlords’ favor, but will likely remain that way in the medium term.
JGB Rosenfeld Retail and The Bozzuto Group to Build ‘True Town Center’
JBG Rosenfeld Retail and The Bozzuto Group have closed on Downtown Crown, 20 acres of land at the Crown property in Montgomery County, Md., for a combined cost of $28 million.