News
US Mortgage Corporation Appoints Executive Director of Business Development
US Mortgage Corporation, a national mortgage banking company specializing in residential mortgages, announced the appointment of Perry Silverman as executive director of business development.
Angela Mago Appointed Executive VP of KeyBank Real Estate Capital Markets
Angela Mago, a banking executive with more than 20 years of industry experience, has been promoted to executive vice president and head of KeyBank Real Estate Capital Markets, a division of KeyBank Real Estate Capital.
‘Transit Oriented’ an Understatement at Boston’s The Victor
At the mid-autumn groundbreaking of The Victor, a $92 million, 286-unit luxury rental development in downtown Boston, state and local officials joined Boston-based Suffolk Construction in celebrating the new project.
Economy Watch: U.S. News Good, European News Not
The U.S. Department of Commerce said that new single-family residential starts were at an annualized rate of 434,000 units in October. That’s a 5.1 percent increase month-over-month.
Equity Residential Bids on 53 Percent Stake in Archstone
Sam Zell’s Equity Residential recently came out as the lead bidder in a move to buy about 50 percent of Archstone, which is currently held by Bank of America and Barclays PLC.
Mixed-Use CityMarket at O Breaks Ground
Work has started on the CityMarket at O in the Shaw neighborhood of Washington, D.C. The development was selected by the Obama administration to be expedited through the permitting and environmental review process.
TODAY’S DEALS: Waterton Residential Buys Class A Community in Florida
Waterton Residential buys a 384-unit Class A community; NorthMarq Capital helps property refinance with a $21 million mortgage; and Red Mortgage Capital provides a $13.4M construction loan.
Repositioning Underway for Recently Traded Sawgrass Cove in Florida
In their first joint venture, Atlas Real Estate Partners and Andover Real Estate Partners have wrapped up the $23.3 million purchase of Sawgrass Cove Apartments from Equity Residential. Now the partners have tapped multifamily management provider Greystar to oversee the 336-residence property.
MARKET SNAPSHOT: Oklahoma City’s Stability Attracts New Investors to the Market
Oklahoma City–Oklahoma City has proven to be relatively recession-proof, notes Tim McKay, senior investment advisor in Hendricks & Partners’ Oklahoma City office, pointing to a Forbes ranking that named it as one of the top 10 cities in this category.
Rose Associates Appoints a New CEO and COO
Rose Associates, a real estate development and management firm, has announced two promotions.