Regions
TODAY’S DEALS: Resource Real Estate Acquires Plano Apartment Asset
Resource Real Estate Opportunity REIT Inc. buys a 142-unit community in Plano, Texas; Cushman & Wakefield arranges $19.6M in acquisition capital for LCB Senior Living; and IPA brokers the sale of a 60-unit property in Culver City, Calif.
Related Beal Appoints John ‘Ted’ Lubitz Vice President
Related Beal announced it has appointed John “Ted” Lubitz as vice president.
Jasper Venture Group to Convert Queens Hospital to Condominiums
New York-based Jasper Venture Group has announced its plans to convert the vacant Parkway Hospital site in Queens’ Forest Hills neighborhood to luxury condominiums. The site features 107,142 square feet and a parking lot.
Construction Ongoing on Nadel Architects-Designed L.A. Development
The Millennium Woodland Hills, a 395-unit multifamily development in the Woodland Hills, Calif., Warner Center neighborhood, is under construction.
Economy Watch: Americans Remain Pessimistic About Economy
The Pew Research Center reported that despite falling unemployment and various other improving economic metrics, a recent survey of Americans found that most people are still relatively pessimistic about the state of the U.S. economy, a belief that tends to depress consumer activity.
TODAY’S DEALS: NorthMarq Capital Arranges $58M Bond Financing for Student Housing Located on University of Central Florida
NorthMarq Capital arranges financing for the seven-story NorthView Student Housing; a joint venture closes a construction loan for a luxury condo in Miami; and True North Capital Partners affiliate buys two properties in Massachusetts.
AMCAL, TRI Point Homes Break Ground on OC Affordable Housing
Ground has been broken on Oceana Apartments, a multifamily affordable housing development in the Orange County ocean-side city of Huntington Beach, Calif.
American Micro Detection Systems Adds Urban Meters & Readers Inc.
American Micro Detection Systems Inc announced that their water analysis products REXTM and ToxicAlertTM will now be marketed and sold through Urban Meters & Readers, Inc. serving the Southern California region of the United States.
New Projects Easing San Francisco Residential Inventory Woes
A number of new condominium developments slated for delivery this year may do much to address the residential inventory crunch the Golden Gate city is experiencing.
Economy Watch: Seniors Housing Builders More Optimistic
The state of the housing market’s been getting some worried attention lately but the National Association of Home Builders offered a small but hopeful note.