News
UBS Buys North Hollywood High-Rise Apartments for $74 Million
By Alex Girda, Associate Editor In a $74 million deal, a fund controlled by UBS Inc. has acquired the 180-unit NoHo 14 apartment complex in North Hollywood. NoHo 14 fetched $15 million more than it did in its previous transaction in June 2010, when it was acquired in an REO sale by a joint venture […]
Jay Thompson Joins Zillow as Director of Industry Outreach and Social Media
Zillow Inc., a real estate information marketplace, announced real estate industry blogger Jay Thompson is joining Zillow® as the company’s director of industry outreach and social media.
TODAY'S DEALS: JLL Originates $160M for Arlington Assets
JLL originates $160 million in refinancing for two assets near D.C.; Crawford Park Financial Inc. completes a Los Angeles acquisition; and NorthMarq arranges $15 million for an apartment community in Minneapolis.
Norbert Buelsing Joins CBRE as Senior Vice President
CBRE Group Inc. announced that Norbert Buelsing, CPM, CSM has joined the CBRE Investment team as senior vice president.
PROFILE: Home Builders Institute
“Help us help you” might be an apt message of Home Builders Institute. The organization seeks to reach out to the multifamily industry to place graduates of its educational and training programs in employment opportunities throughout the country.
Economy Watch: More Houses Selling in Vegas
The greater Las Vegas residential market has long been one of the poster children for the housing depression–pretty much since day one of the crisis, in fact.
MARKET SNAPSHOT: Employment and Occupancy Expected to Rise in Charlotte Despite BofA Job Cuts
Employment in the Charlotte metropolitan area is expected to increase over 2 percent in 2012, forcing occupancy and rent prices to make similar strides.
TODAY'S DEALS: Bascom Completes Largest Hawaiian Transaction Since 2007
The Bascom Group buys a Hawaiian asset for $73.5 million; ARA brokers a $20.5 million sale in Colorado; and Cohen Financial finds a Canadian life company as capital source to fund a $7.1 million loan.
Via Verde Puts Remaining Co-ops on Market
Via Verde, a mixed rental and co-op building in the Melrose section of the South Bronx, has put the rest of its co-op units on the market.
Silestone’s Textured Quartz Surface Offers a Unique Combo of Style and Color
Silestone’s Volcano Texture quartz surface brings a new tactile and aesthetic experience to both kitchen and bath surfaces while retaining the inherent non-porous benefits of quartz.