News
Encore Wins Financing for Next Apartment Project
Encore Multi-Family LLC has closing on the financing for the its next ground-up development project, a garden-style apartment property in the Denver suburb of Thornton.
Kansas City Reaches $15 Million Settlement for Citadel Plaza Development Lawsuits
By Gabriel Circiog, Associate Editor The Citadel Plaza development saga is finally over with the city putting the cap on the long legal battle. The Kansas City Star reports the details of the settlement that was unanimously voted by the City Council back in November. The $80 million project drawn up over 10 years ago, […]
Multifamily Veteran Suzanne Lovelace Joins RealtyCom Partners
RealtyCom Partners, a nationwide telecommunications consulting and asset management firm specializing in the apartment industry, has hired Suzanne Lovelace, CAM, as executive vice president.
Montana’s Franklin School Apartments Revitalized
Franklin School Apartments, a Great Falls, Mont. affordable multifamily property whose history dates to the early years of the 20th century, has benefited from energy-efficient upgrades, thanks to a financing solution recommended by Columbus, Ohio-based Lancaster Pollard Mortgage Co.
CRA Announces Jack Kern as Chief Investment Research Officer
Continental Realty Advisors (CRA) has hired Jack Kern as chief investment research officer. In this role, Kern is responsible for the direction of CRA’s investment focus, all research initiatives, knowledge management programs and investor relations support. Kern brings over 25 years of experience in real estate research to CRA, with particular expertise in evaluating and forecasting markets, opportunities and operating platforms. Prior to joining Continental Realty Advisors, Kern was the managing director at Kern Investment Research for over four years, specializing in the multifamily sector. Previously, Kern directed the research unit at publicly traded Archstone-Smith, based in Englewood, Colo., where…
Jake Harrington Named On-Site’s CEO
Campbell, Calif.—On-Site.com has promoted Jake Harrington as chief executive officer. Harrington co-founded the company in 2001 and has provided strategic, operational and marketing leadership to On-Site for the last decade. He previously served as chief revenue officer and business development director. After graduating from Duke University, Harrington built On-Site’s presence in New York, which remains one of its most successful markets. Fellow company founders Scott Jones and Tom Harrington now serve as chief technology officer and chairman of the board of directors, respectively. On-Site began as a modest startup aimed at helping apartment managers fill out forms within a small…
Economy Watch: Retail Sales Eke Out December Gain
U.S. retail sales in December edged up only slightly compared with November, seeing an increase of 0.1 percent.
TODAY'S DEALS: MetLife Buys Chicago Tower from LYND
LYND sells a luxury tower to MetLife; IPA closes two sales in Florida; and NorthMarq arranges a construction loan.
Hunt Realty Makes Foray into Multifamily Development
Akard Street Partners, an investment partnership operated by Hunt Realty Investments, has formed Trinsic Residential Group to develop multifamily properties in infill and suburban locations, initially focusing on major Texas markets.
Tampa Workforce Housing Project Debuts with a Blend of the Old and New
Metro 510, a 120-unit workforce housing property in downtown Tampa, Fla., has made its debut, flaunting a design by Urban Studio Architects that successfully blends the contemporary with the historic.