Regions
New Student Housing Under Way in Raleigh
Stanhope, a new student housing property in Raleigh, has broken ground and has an expected completion date for the summer of 2015, ahead of the next academic year.
Bluejay Management’s 341EPW 65 Percent Leased
Bluejay Management’s recent development, 341EPW, located in Brooklyn’s Crown Heights neighborhood, has surpassed the 65 percent leased mark following its mid-July launch, according to aptsandlofts.com, the exclusive leasing and marketing agent for the building.
TODAY’S NEWS: Cohen Financial Secures $64M for a Colorado Development
Cohen Financial secures financing for a 312-unit development between Denver and Boulder; Equicap arranges a $12.5 million mortgage for a portfolio in New York’s East Village; and Grandbridge Real Estate Capital obtains a $8.35 million life insurance company loan for a portfolio of properties located in the Twin Cities.
Naftali Group Developing 20-Story NYC Condo
The Naftali Group is developing a 20-story condominium at 234 East 23rd St. in Manhattan’s Gramercy district.
Economy Watch: Existing Home Sales Drop in August
The National Association of Realtors reported that U.S. existing home sales decreased 1.8 percent to an annualized rate of 5.05 million units in August, compared with 5.14 million in July.
Toby Bozzuto Named ‘Developer of the Year’ by Maryland Building Industry Association
The Maryland Building Industry Association (MBIA) has named Toby Bozzuto, president of The Bozzuto Group, as its Developer of the Year.
CORT Names Tamela Coval Executive Strategist
CORT, a Berkshire Hathaway Company, announced that multifamily industry veteran Tamela Coval, has joined the company as an executive strategist.
Earwood Joins EdR Construction Team to Support Growth
EdR announced that Bob Earwood has joined the company as vice president of construction effective immediately.
PBM Adds Two Executives to its Senior Management Team
Perfect Building Maintenance (PBM), a building maintenance companies, announced the addition of two executives to its senior management team. Ronald Fay has been appointed general manager, a position created specifically for him. Patricia O’Brien joins as senior account executive.
Candlebrook Introduces 251 DEKALB in King of Prussia, Pa.
New York-based owner and operator Candlebrook Properties has unveiled a new amenities-rich luxury redevelopment in the Philadelphia suburb of King of Prussia, Pa. Occupancy is slated for this summer, with completion of the 641-unit community scheduled to be completed through various phases through 2016.