News
TODAY’S DEALS: BCN Acquires Prime Manhattan Space for Condo Development
BCN Development signs prime Manhattan space for a new condo; Emeritus enters a purchase agreement with Blackstone for 24 assisted-living communities; and Beech Street Capital originates $12.65 million Fannie Mae loan for property in an improving area.
Hospitality Property Values Rebound in 1Q11
New York–Integra Realty Resources’ Commercial Property Index finds that the hospitality/lodging sector has experienced the second-best growth prospects, after the multifamily sector.
MyNewPlace Expands Management Team
San Francisco–MyNewPlace, a multifamily Internet listing service, has promoted four executives in response to the company’s growth and broadening product vision.
Dylus to Direct Business Development for JWilliams Staffing
Irvine, Calif.–JWilliams Staffing, a national staffing provider of temporary sales and leasing professionals in the building industry, welcomes Lisa Dylus as director of business development.
New Artist Housing Fitted with Green Roof
Washington, D.C.–Volunteers are taking to the roof of Brookland Artist Lofts on Friday in Washington D.C. to add sustainable features to the property’s roof.
Economy Watch: Median Home Prices Sink in 2010
The National Association of Realtors has its own melancholy home-price numbers to report; small-business owners are pessimistic about the future; and freshman members of Congress are frustrating those who have seen us approach a debt ceiling before.
GROHE Unveils Blue Collection of Faucets
GROHE has introduced a new line of faucets that gives users the choice of drawing either filtered, still or sparking water directly from the kitchen.
Knoxville Multifamily Development Wins HUD Accolade
Knoxville–The under-construction Residences at Eastport in Knoxville has been chosen by HUD as a Region IV Signature Project under the federal Sustainable Communities Initiative.
Student Housing in Delaware Wins Award for Best Turnaround
Newark, Del.–Campus Living Villages spent $6 million to repurpose and renovate a 665-unit student-housing community near the University of Delaware.
TODAY’S DEALS: Lee & Associates Completes $40.9M Las Vegas Transaction
Lee & Associates completes a $40.9 million acquision transaction in Las Vegas; AREA and ECI recapitalizae a multifamily portfolio to the tune of $208.5 million; and Continental Real Estate Companies completes a $6.8 million sale in Florida.