News
New Condos Coming to 250 West St. in Tribeca
New York–The early-20th-century building at 250 West St. in Manhattan’s Tribeca neighborhood is in the midst of being reborn as a luxury condominium development.
Economy Watch: Homebuilders a Little Less Glum
U.S. homebuilders are feeling a little more confident this month than last; Obama appoints Richard Cordray to head the Consumer Financial Protection Bureau; and the debt ceiling looms.
TPG Capital Affiliates Acquire PRIMEDIA
Atlanta—Affiliates of global private investment firm TPG Capital have acquired PRIMEDIA Inc., a company that helps consumers find apartments through Internet, mobile and print solutions.
Suburban D.C. Townhouses Win First New LEED Platinum Designation
Silver Spring, Md.–USGBC has certified Blair Towns, a suburban D.C. multifamily property, LEED Platinum, making it the first property certified as such anywhere in the world.
TODAY’S DEALS: Cushman & Wakefield Sells a 200-Unit Community in Mass.
Cushman & Wakefield arranges the sale of a 200-unit community in Mansfield, Mass.; Education Realty Trust and The Edwards Company close financing and begin construction on a student-housing community in Alabama; and Walker & Dunlop closes a $13.2 million HUD 223(f) loan.
Riverstone Residential Names Proffitt EVP
Dallas–Riverstone Residential Group has named Loyal Proffitt executive vice president for the company’s South Central Region.
MHN Interview: JLL’s Darcy Miramontes
Recently hired as an EVP, Darcy Miramontes talks to MHN about how she plans to help Jones Lang LaSalle capitalize on a hot apartment market in Southern California.
Urban-Infill Student Housing under Construction in Richmond
The Collegiate, a 269-unit student-housing community in Richmond, will combine large-unit designs and townhouse style with the vibrancy and convenience of urban living.
Economy Watch: CPI Shifts into Low Gear in June
The Consumer Price Index dropped in June, and consumer sentiment is in the basement in July. Meanwhile, Congress tries to find ways to wiggle around actually cooperating.
Foster to Design Massive Project on Toronto Lakefront
Toronto–The joint venture 3C Lakeshore Inc. has picked Foster + Partners to design its new Toronto waterfront project, which will include about 2,000 residential units.