News
John Hay Appointed Director in Arbor’s Bethesda, Md., Office
Arbor Commercial Mortgage LLC, a national direct commercial real estate lender, announced the appointment of John A. Hay to director in Arbor’s Bethesda, Md., office.
John Favreau Joins Hines’ Multifamily Team in Firm’s West Region
Hines, an international real estate firm, announced today that John Favreau has joined the firm as vice president in its West Region.
ProjectStone by Belstone Unveils Modern Fixture Line
ProjectStone by Belstone has introduced Belstone Brass, a new fixture line that elegantly combines luxury and affordability elements. The line, billed as a perfect solution for hospitality suites, can easily be tailored to any multifamily design setting or layout thanks to innovative styles and the sheer variety of fixtures available.
Auction Marks Turning Point for Nashville Condo Property
There were few takers when Fifth and Main, a condominium building, first opened its doors in 2010, but the tide has turned. The Marketing Directors has stepped in with a new strategy that has resulted in big results literally overnight.
TODAY’S DEALS: Colonial Properties Trust Acquires 312-Unit Asset
Colonial Properties Trust completes a 312-unit acquisition in Dallas; Stoneleigh buys a 228-unit community outside San Antonio; and GFI Realty Services brokers the sale of a154-unit asset in Brooklyn, N.Y.
Work Starts on Monroe Street Market in D.C.
Ground has been broken for the multi-phase, multi-use Monroe Street Market in Washington, D.C., which will include 720 multifamily residential units and 45 townhomes along with a number of commercial property uses.
Buyers Excited for Chelsea’s New Luxury Condos
Chelsea, New York, is getting a little more luxurious–and New Yorkers are chomping at the bit. Carriage House Condominium, a new residential conversion (and former stable), has already sold eight of the property’s 24 units in four months on the market.
SyndicIT Services Corporation Introduces ScreenIT
SyndicIT Services Corporation today announced that it has launched its ScreenIT credit screening service offering powered by TransUnion’s SmartMove.
Promise Replaces Blight in Atlanta Enclave
In Edgewood, an East Side Atlanta neighborhood troubled by foreclosure, new hope has arrived with the recent opening of Retreat at Edgewood, a 100-unit affordable rental townhome development from Atlanta’s Columbia Residential.
Economy Watch: Change for Italy, Recovery for Japan
Italian prime minster Silvio Berlusconi resigned his post on Saturday and shuffled off into political retirement, though he remains a billionaire media mogul. On the other side of the world, the Japanese government reported a burst of activity in the country’s economy.