Regions
Carroll Organization Acquires West Palm Beach Apartments
Carroll Organization, in a joint venture with Blue Mountain Capital, has acquired Resort at Laguna Lakes in West Palm Beach, an 812-unit property developed during the 2000s. The company plans to rebrand the apartments and manage them itself.
TODAY’S DEALS: Bascom, Oaktree Close Seventh Acquisition with Nevada Buy
Bascom bets on a recovering Las Vegas market; Milestone Apartments REIT grabs 303 units in Orlando; and Mortgage Equicap arranges a construction loan for an 80-unit building.
161-Unit Boston-Area Community Sold
Jefferson at Admiral’s Hill, a 161-unit Chelsea, Mass., apartment community, has been sold by CBRE/New England’s Capital Markets team.
Holland Residential Announces New President
Holland Partner Group announced that it has named Tony D’Alto president of Holland Residential.
Joint Venture Transforming Commercial Site to Luxury Apartment Community
A joint venture is bringing a modern, luxurious multifamily property to Orange, Calif.
RMA Announces Hiring of Heidi K. Turley as Chief Financial Officer
The Risk Management Association announced that Heidi K. Turley, CPA, MBA, CGMA, has joined its management team as chief financial officer.
Waterton Acquires Orlando Apartments
Waterton Associates has acquired Promenade Crossing, a 212-unit garden-style apartment community about three miles northeast of downtown Orlando.
New Partnership Investing $20M in Affordable Housing in California
The Community Development Trust, a national private real estate investment trust, has announced a partnership with TIAA-CREF, a national financial services organization, to invest in affordable housing in California.
The Appeal of a Close Purpose-Built Student Housing Community
Campus Advantage and Pinecrest Partners have joined together to develop The Knox, a 101-unit, 382-bed community that will serve students attending the University of Tennessee, Knoxville.
Economy Watch: Real Estate Markets Benefit from Boost in Engineering Jobs
The missing piece of the puzzle for full economy recovery is still higher wages across most sectors of the economy.