News
Economy Watch: ADP Reports Jobs Increase
In the most closely watched private employment estimate, payroll specialist ADP Employer Services reported on Wednesday that the U.S. private sector added 216,000 jobs in February.
Private Equity Group Tryko Expands in Baltimore
Private equity real estate group Tryko Partners LLC has expanded its presence in the Baltimore multifamily market with the purchase of Park Raven, a 253-unit community.
TODAY'S DEALS: Bascom Buys California Asset for $20.4M
The Bascom Group acquires a 128-unit community; and Walker & Dunlop provides a $7.5 million financing under Fannie Mae’s early rate-lock program.
Ground Broken for Downtown Phoenix Student Housing
EdR and Concord Eastridge have inked a deal to develop a $52 million student housing property adjacent to the Phoenix Biomedical Campus, which includes the University of Arizona School of Medicine and the College of Pharmacy.
The Rent Rite Directory Partners with the Western Regional Chapter of the International Crime Free Association
ICFA is joining forces with The Rent Rite Directory, a resident and commercial tenant reporting database that offers a patent-pending system that provides background checks on prospective tenants, incident reporting, credit history and detailed criminal background reports.
CNL Lifestyle Properties to Acquire Georgia Assisted Living Communities
Orlando real estate investment trust CNL Lifestyle Properties, Inc. announced last week its intention to acquire four Atlanta-area assisted living communities from current owner Solomon Holdings III Dogwood Four LLC, Orlando.
$500 Million Development Project Confirmed for North London Neighborhood
In a joint statement at the beginning of February, England-based Tottenham Hotspur Football Club and Haringey Council have reiterated their commitment towards the Northumberland Development Project.
Philadelphia Luxury Condos Offer Waterfront Views
Many thoughts come to mind when one things of Philly: cheesesteaks, the Liberty Bell and Rocky, to name a few. But luxurious waterfront condos? Not typically.
TODAY'S DEALS: HFF Lands $71.1M Construction Loan for Arlington High Rise
Holliday Fenoglio Fowler lands contruction financing for a Virginia asset; ARA brokers the sale of a 192-unit community; and Beech Street funds a $13.6 million refinance for a local bank borrower.
Private Equity Investor Snaps Up Maryland Affordable Housing Property
Tryko Partners has acquired Perrywood Garden, a 184-unit affordable housing property in the outskirts of Aberdeen, a small city near the confluence of the Susquehanna River and Chesapeake Bay.