News
Kurt Pairitz Joins Newcastle Limited
Chicago–Kurt Pairitz has joined Newcastle Limited as senior vice president.
Prudential Douglas Elliman Expands to Westchester
New York, NY–Prudential Douglas Elliman has acquired Prudential Holmes & Kennedy, a family-run brokerage firm servicing Westchester and Putnam counties in New York.
Economy Watch: U.S. Office Market Sees Positive Absorption
Reis Inc. reports positive office absorption for the first time since 3Q07, and New York City is packing in the tourists.
The Crossing Achieves LEED Gold Status in Orange County
Anaheim, Calif.–SARES-REGIS Group’s transit-oriented The Crossing has officially achieved LEED Gold certification.
DEAL OF THE DAY: NorthMarq Supplies $16.84M Mortgage for Apartment Property
Omaha, Neb.–NorthMarq Capital has arranged first mortgage financing in the amount of $16,840,200 for Tranquility Pointe Apartments.
MC Cos. Buys Texas Apartment Property from TIC
San Antonio–MC Cos. has acquired the Overlook Apartments in San Antonio, a two-story, garden-style property with 411 units.
Sunbelt Benefits from Bulk of U.S. Population Growth
The U.S. Census Bureau announced last week that its latest tally of the U.S. population, as of April 1, 2010, stands at 308,745,538.
Economy Watch: Unemployment Claims Drop as Year Comes to Close
U.S. workers filing applications for unemployment dropped the week ending Christmas Day; 2010 saw 157 banks fail; and the NAR Pending Home Sales Index rose.
DEAL OF THE DAY: Chozick Brokers Sale of Condo-Quality Apartments for $1.175M
Hartford, Conn.–Ryan Perkoski of Chozick Realty, Inc. arranged the sale of 51 Imlay Street, a courtyard-style apartment complex.
Fashion-Branded Manhattan Condo Property Reaches 90 Percent-Sold Mark
New York–Condominium buyers have found a unique building at 20 Pine The Collection, the very first fashion-branded luxury residential property in the United States.