News
TODAY'S DEALS: HFF Brokers Disposition, Closes Loan Sales
HFF brokers Chicago sale, closes loan sales; Tryko acquires a 163-unit asset in Pennsylvania; and Boston Capital Finance closes two rehab construction loans in Arkansas.
Yardi Acquires Assisted Living Software Provider ALMSA Corp.
Santa Barbara, Calif.–Yardi Systems Inc. has acquired ALMSA Corp., which provides electronic health record (EHR) and electronic medication administration record (eMAR) software and services for assisted living and long-term care communities
HFF Opens Denver Office, Hires Three Production Specialists
Denver—HFF (Holliday Fenoglio Fowler LP) is opening a full-service office in Denver with an immediate focus on debt placement, equity placement, loan sales and investment sales. Day-to-day operations of the Denver office will be led by Eric Tupler, who joins HFF as a senior managing director. Joining him is Managing Director Mark Fallon, who has worked out of HFF’s Chicago office since November 2010 and specializes in loan sale advisory transactions. Executive Managing Director Jody Thornton, a member of HFF’s Executive Committee, is overseeing the Denver office expansion from HFF’s Dallas office. Tupler, a former vice chairman at CBRE Capital…
Economy Watch: Modest Gains for CRE Predicted in 2012
Multifamily housing continues to be the best-performing commercial real estate segment, with rental rates and occupancy increasing, while supply remains relatively minimal.
Robotic Convenience Store to be Installed at Apartment Community
Ladera Palms Apartment Homes in Fort Worth will soon be home to Shop24, a self-contained, totally automated, robotic convenience store.
TODAY'S DEALS: EdR Acquires Student Asset for $28.5M
EdR acquires a property serving St. Louis University; Continental Realty Advisors purchases a 1,200-unit portfolio; and NorthMarq arranges a $19.1 million Freddie Mac mortgage.
On Time Staffing Acquires InterSolutions LLC
Camden, N.J.— On Time Staffing has formed a strategic partnership with Washington, D.C.-based InterSolutions LLC. The new alliance provides InterSolutions with better expertise, experience and resources for the backend of its operations and On Time Staffing with an entrance into the property management staffing industry. “The alliance is a natural fit for both parties,” says On Time Staffing CEO Brian Kares. “InterSolutions and On Time Staffing have similar business models; each company has carved a unique niche specializing in specific industries.” InterSolutions is a recognized leader providing temporary staffing to the property management industry in the metropolitan areas of Washington,…
Cooper Square Realty Reaches 500th Managed Property
Cooper Square Realty recently added the 500th property to its portfolio of managed buildings. What began in 1987 as a one-employee, one-building operation has evolved to become the largest residential property manager in New York City. That original client remains with Cooper Square Realty to this day. The company manages properties in all five boroughs of New York, as well as several high-rises along New Jersey’s Gold Coast, including cooperatives, condominiums and rental properties. “The Cooper Square Realty formula for success is a simple one that has remained unchanged over the years: provide professional and personalized services, ensure that our…
Rosen Partners, Russian Conglomerate Join Forces on Joint Venture
New York-based Rosen Partners LLC is entering a joint venture with Alfa Group, one of Russia’s largest privately owned financial-industrial investment conglomerates.
Economy Watch: FOMC to Start Publishing Predictions
Construction totals were up 1.2 percent month-over-month in November, with residential construction leading the way.