News
Economy Watch: Home Builders Perking Up
Better times ahead for developing single-family homes? Those in the industry seem to think so.
TODAY’S DEALS: Berkadia Lands $27M for San Jose Assets
Berkadia originates $27.2 million for two San Jose assets; A Brooklyn condo hits the 90 percent sold mark; and Hendricks & Partners brokers the sale of a property in California.
Harlem Condos Successfully Selling
APEX Condominiums, a new luxury building in Harlem, N.Y., is 70 percent sold, according to RCG Longview, a real estate operating and investment management firm, and The Marketing Directors Inc., the marketing firm for the building.
First Westchester County Affordable Assisted Living Facility Opens
The Westchester Center for Independent & Assisted Living has opened in Yonkers as the first facility in Westchester County, N.Y., to offer an Medicaid-funded assisted living model of care to seniors, regardless of their income level.
Yardi Signs on as an IREM Industry Partner
The Institute of Real Estate Management (IREM) announced that Santa Barbara-based Yardi Systems Inc., has become a 2012 IREM “Industry Partner.”
Award-winning 40 Park Helping Transform Downtown Morristown
Four years ago, the former Epstein’s Department Store in downtown Morristown, N.J., was given new life as 40 Park, an upscale, mixed-use development featuring more than 200 luxury condominiums and rental residences.
Economy Watch: Retail Sales See January Increase
The U.S. Department of Commerce reported on Tuesday that retail sales were up by 0.4 percent month-over-month in January, which is more than in recent months, but not as much as economists had expected.
Brookdale Senior Living Grabs Nine Properties for $121.3M
Brookdale Senior Living continues to expand its holdings by adding over a thousand units in one fell swoop.
TODAY'S DEALS: Jones Lang LaSalle Secures $98M Financing for Greystar
Jones Lang LaSalle lands $98 million in acquisition financing; KBS acquires a 196-unit asset near Chicago; and Beech Street Capital provides $12.5 million for 50 units in New Jersey.
Joint Venture to Develop Two Student Housing Communities
Sterling University Housing and Specialized Real Estate Group have partnered to build two student housing developments in walking distance of the University of Arkansas in Fayetteville, Ark.