News
Unique Plan for 211-Acre SoCal Mixed-Use Community
Brea, Calif.–Ground has broken on La Floresta Brea, a mixed-use residential community in Brea, Calif., designed to emerge as an open, multi-generational neighborhood.
Paul Dincin: Multifamily Workout Specialist
Catapult’s Paul Dincin and Brian Columbus specialize in assisting banks, special servicers and other financial institutions deal with their distressed multifamily properties, fractured condominium developments and other broken CRE assets.
TODAY’S DEALS: Prometheus Buys 342-Unit Property in Oregon
Prometheus completes a $51.2 million purchase of an Oregon community; Senior Living Investment Brokerage Inc. brokers the sale of 17 properties in one month; and HFF closes the sale of a Chicago Class A community.
‘Gimme Shelter’ with Daniel Gehman: All Revved Up and No Place to Go
The standards for cars to enjoy HOV-lane access get elevated in July, and finding a car that meets them is not an easy process.
AvalonBay’s Blair Retires as CEO
New York–AvalonBay Communities Chairman and CEO Bryce Blair affirmed at ReitWeek that he will step down as CEO after 26 years with the company.
Economy Watch: Bernanke Bemoans Economy, Warns of Drastic Federal Budget Cuts
With the recovery still fragile, Fed Chairman Bernanke says that drastic federal budget cuts could have damaging effects; job openings have been flat; and consumer borrowing saw an uptick in April.
TODAY’S DEALS: Berkadia Originates $13M for Illinois Student Housing Property
Berkadia originates $13 million for the acquisition of a student housing property; a JV between Wheelock and Iconic Development acquires a student housing complex in Virginia; and GFI Realty Services sells a Brooklyn apartment building for $7,700,000.
JWilliamsStaffing Expands To Texas; Opens Four Offices in Major Markets
Houston–JWilliamsStaffing, a leading staffing provider of temporary sales, leasing professionals and full-service staffing to the multifamily industry throughout California, Arizona, Nevada and Texas, is expanding with the opening of offices in Austin, Dallas, Houston and San Antonio. The Houston office opened in August 2010 while expansion into the other cities coincides with the hiring of Keith Rodgers, CGA, CSP, CGP as vice president. Based out of Houston, Rodgers is responsible for leading JWilliamsStaffing’s business growth and building a team of qualified professionals throughout the state’s four major markets. He will focus on cultivating real estate clientele as well as leading…
MacFarlane Buys SF Site for Apartment Tower
San Francisco–MacFarlane Partners has acquired a development site at 1844 Market Street in San Francisco on which it intends to build an eight-story multifamily residential building. According to the developer, which specializes in urban revitalization, the building will consist of 113 rental apartments–99 market-rate and 14 affordable units–along with 5,500 square feet of street-level retail and an underground garage with 81 parking spaces.
New Paint Tray Gives a Leg Up to Ladder Painting
PaintSmart-Trayz from Keane Corporation are an innovative product that make painting with ladders a much easier ordeal. The hanging tray has a built in paint reservoir and hooks and slots that keep brushes and rollers at hand.