News
LA’s Warner Center to Welcome Wood’s New Luxury Apartment Community
Los Angeles–Mid-August will witness the start of construction on the new $75 million Warner Park luxury apartment community, to be built on a four-plus-acre site recently acquired by Wood Partners in Warner Center, within the Woodland Hills district of Los Angeles.
Colliers Names Sherman and Koskovich Associate Vice Presidents
Phoenix —Colliers International in Greater Phoenix recently promoted Jeffrey Sherman and Trevor Koskovich to the position of associate vice president. Sherman and Koskovich specialize in the evaluation, marketing, acquisition and disposition of investment-grade, income-producing multifamily properties and portfolios ranging in size from 40 units to 300 units. They have extensive experience working with private capital buyers and sellers, lenders, commercial mortgage servicers and governmental entities. Sherman and Koskovich partner with Bill Hahn, senior vice president, as the Colliers HSK Multifamily Specialists team. The trio joined Colliers in 2009. In 2010, they were ranked as the No. 3 top-producing team in…
Economy Watch: Fed To Market: Calm Down
The Federal Open Market Committee’s (FOMC) statement on Tuesday, which much of the investing world had been anticipating (between moments of headless-chicken panic), started off bland enough, per Federal Reserve custom.
TODAY’S DEALS: UDR to Acquire 507-Unit Dwell95 for $325M
UDR Inc. plans to acquire a condo-quality community in Manhattan’s Financial District for $325 million; Marcus & Millichap lists a 2.86-acre development site in El Monte, Calif., for $7.5 million; and George Smith Partners completes a $9.5 million bank loan for a discounted payoff purchase.
NMHC Quarterly Survey Finds Apartments in Fine Fettle
Washington, D.C.–The latest Quarterly Survey of Apartment Market Conditions by the National Multi Housing Council (NMHC) confirms the general sense of strength in the apartment market.
CalStar Introduces Permeable Paver Bricks
CalStar Products has introduced a line of permeable paver bricks that can help mitigate stormwater runoff. The stones can also help qualify for LEED credits in stormwater design quality management and quantity control.
Pietra Apartments in Phoenix Goes Green with New Solar Array
Phoenix–Westplan Investors and Wood Partners, owners of Pietra Apartments in Phoenix, are taking advantage of the powerful rays of sunlight that beam down on the city year-round with the recently installed 47,000-watt solar array at the 237-unit luxury multifamily property.
GSEs Report Net Losses for 2Q11
Washington, D.C.–The two GSEs are reporting net losses in the second quarter of 2011.
Economy Watch: S&P Downgrade Ripples Through the Markets
Observers, pundits and prognosticators weren’t quite sure what investors would do after Friday’s unprecedented Standard & Poor’s downgrade of U.S. sovereign debt.
TODAY’S DEALS: Wood Partners Grabs SoCal Land for $75M Community
Wood Partners acquires land for a $75 million luxury apartment community in California; ARA announces $38.15 million sale of property that was designed to condo specs; and SunCal purchases an idle master-planned development in Virginia.