News
Residential Project at Chicago’s $4B Lakeshore East Development Creates 250 Jobs
Lakeshore East, Magellan Development Group’s $4 billion mixed-use project presently sprouting up in Chicago, is playing a key role in the revival of the city’s jobs market.
Alliance Begins Work on Seattle Apartments
Alliance Residential Co. has broken ground on Broadstone Koi, a 166-unit, LEED-certified residential project in Seattle’s Ballard neighborhood. The project is slated for completion during the first quarter of 2013.
UIP Hires General Contracting VP, Names President
UIP hired Peter Shkreli as vp of operations and promoted Heath Wilkinson to president.
Economy Watch: New Homes Sales Cruise Along Bottom
New home sales dropped 2.3 percent from July to August to an annualized rate of 295,000 units, according to the U.S. Census Bureau on Monday.
TODAY’S DEALS: Greystar Sells 388-Unit Community in Houston
Greystar sells a 388-unit community in Houston; Marcus & Millichap brokers the sale of a 216-unit community for $8.1 million; and Bernard Financial Group finances a $4 million loan with Ladder Capital Finance.
New Luxury Minneapolis Apartment Lures Young Professionals
The Nicollet Building, a 33-story high-rise in Minneapolis, will offer amenities aimed at pleasing young professionals.
Florida-Based Bainbridge Expands Into Triangle Apartment Market
Wellington, Fla.-based Bainbridge Cos. has opened a new office in Cary, N.C., with a goal of expanding its operations in the Triangle apartment market (Raleigh, Durham, Chapel Hill and environs, also known as the Research Triangle).
Tahl Propp Equities Celebrates Opening of CASA Washington Heights
The executive team of TPE, one of the largest owners of rent regulated and affordable housing in Harlem, celebrated the opening of CASA , an AIDS Service Center facility at their building an Washington Heights.
Portland Pair Taps Thriving Employment Centers
Two new Portland-area apartment communities that broke ground last week are strategically sited to leverage burgeoning employment centers and heavily-used transportation hubs.
Economy Watch: What Next for the Euro-Zone?
Various Euro-zone policymakers, perhaps embarrassed that even the U.S. Treasury Secretary can take them to task for not dealing with their debt crisis any better than they have, met in Washington over the weekend to hash things out.