News
Economy Watch: Employment Still on the Rise?
ADP reports an increase in private-sector employment; Moody’s expects improvement for CMBS in 2011; and construction is at a decade-long low.
Prism Capital Gets Green Light for Adaptive Reuse Project
Bloomfield, N.J.–The site plan has been approved for the first phase of Prism Capital Partners’ multifamily adaptive reuse project that will occupy more than 20 acres in Bloomfield.
PlanetRE Launches Mobile Platform for Paperless Transactions
San Jose, Calif.—Technology provider planetRE has launched Mobile Agent, a comprehensive transaction and communications management platform for agents.
TODAY’S DEALS: Forest City Sells Interest in L.A. Apartment Property
Forest City Enterprises Inc. sells 50 percent interest in 264-unit apartment property; Charles Dunn Company closes the sale of a 26-unit apartment complex for $2.8 million; and Hendricks & Partners brokers the sale of an affordable seniors apartment property.
Donatelli Has Funding to Proceed with TOD Apartments in D.C.
Washington, D.C.–Donatelli Development has obtained equity financing for the next phase of its Highland Park development, a 144-unit apartment building.
Economy Watch: Investors Gung-Ho for Apartments in 2010
Apartment property investment sales grew a startling 96 percent last year; state revenues are starting to heal; and investing in Borders is probably not a good bet at the moment.
365 Connect Integrates Media for MF
New Orleans–365 Connect has launched its social media integration, which provides the ability to make simultaneous posts to Twitter and Facebook.
$1B Sonoma Mountain Village Garners LEED-ND Certification
Rohnert Park, Calif.–Sonoma Mountain Village, a $1 billion mixed-use green community near San Francisco, will ultimately feature 951 apartments and condominiums and a bevy of commercial offerings.
Archstone Breaks Ground on TOD Apartments in Suburban D.C.
Gaithersburg, Md.–Archstone has broken ground on a 389-unit apartment complex plus retail space in a a D.C. suburb.
TODAY’S DEALS: NAI Tampa Bay Brokers Sale of Oasis Grand Tower
NAI Tampa brokers sale of Oasis Grand tower to Lofton Islands Holdings; The Donaldson Group closes on acquisition and renovation refinancing for a 459-unit community; and Marcus & Millichap brokers sale of mnufactured housing community for seniors.