News
Purchase of 71 Laight St. to Result in Luxury Condo Development
With the purchase of the landmarked 71 Laight St. by real estate firm Taconic Investment Partners and certain funds managed by Oaktree Capital Management, plans are underway to incorporate the existing building into a newly built luxury, loft-style condominium to open in 2014.
Economy Watch: Euro Summit Gladdens Investors for Now
Word from the negotiating nabobs in Europe on Friday seemed to be positive, though as usual, the details of the agreement remained a little elusive.
SouthShore Developer Breaks Ground on Upscale Newport Apartment Complex
By Adrian Maties, Associate Editor Capital Investment Group Inc., the group that built the SouthShore condominium tower, started work on June 21 on a $15.6 million apartment building in Newport, Northern Kentucky. Officials from the city of Newport, including Newport Mayor Jerry Peluso, and representatives of Capital Investment Group attended the groundbreaking ceremony, held at […]
Blue Rock Wins Financing For Kissimmee Multifamily Deal
Apartment owner Blue Rock Partners LLC has closed on a $6.55 million acquisition and bridge loan for the Woodside Apartments in Kissimmee.
TODAY’S DEALS: Caruso Begins $32M Mixed-Use Asset in L.A.
Caruso begins a luxury asset in L.A.; Meridian Capital Group negotiates financing for multifamily properties in Manhattan and Brooklyn; and Virtú Investments buys a $12 million community near UC Davis.
SPECIAL REPORT: Improving Performance Through Personal Accountability
At the recent National Apartment Association Education & Exposition in Boston, Andrew Botieri, Total Peak Performance, presented a session titled “Improving Performance Through Personal Accountability,” which described the importance of taking responsibility at your property.
Economy Watch: First Quarter Growth Sluggish
The Bureau of Economic Analysis released its final estimate for U.S. economic growth during the first quarter of this year.
Robust New Jersey Development Buoying Optimism
An unprecedented number of new multifamily units now or soon to be underway in northern New Jersey has market observers keenly focused on the development pipeline.
TODAY’S DEALS: Walker & Dunlop Funds $32.2M Freddie Mac Loan
Walker & Dunlop refinances a 330-unit asset; a Texas property is refinanced by Beech Street Capital; and an Archstone, FUTURA joint venture breaks ground on a new development in Florida.
Rehab of Virginia Affordable Housing Property Set
Work will soon be under way on the rehabilitation of Parkway Village Apartments, a 126-unit affordable multifamily property in Waynesboro, Va.