Regions
Annex Student Living Continues to Increase Collegiate Portfolio
With the addition of three Midwest assets over the past year, Indianapolis-based student housing developer Annex Student Living increased its portfolio by $35 million and has contracts in place to grow its total assets to nearly $100 million by 2016.
TODAY’S DEALS: Lincoln Completes Largest Texas M-F Sale of 2014
ARA brokers Lincoln Property Co.’s sale of a 784-unit asset in Irving, Texas; NorthMarq Capital completes a $20.5 million refinance for a San Francisco property; and Dougherty Mortgage closes $5.5 million for an affordable asset in St. Paul, Minn.
Stonehenge, SL Green Complete 1080 Amsterdam Renovation in NYC
Stonehenge Partners and SL Green Realty Corp. have opened 1080 Amsterdam, a rental apartment tower in the Morningside Heights neighborhood of Manhattan
Forum’s Design Team Selected by AG Spanos Corporation
Altamonte Springs, Fla.-based Forum Architecture & Interior Design, Inc. has announced it has been selected as provider of design services for Bonterra Parc at Northwood Apartments.
Auction.com Names Former Yahoo! CFO Tim Morse as Chief Financial Officer
Auction.com, an online real estate marketplace, has named former Yahoo! Inc. chief financial officer and interim chief executive officer Tim Morse as CFO and executive vice president.
Economy Watch: April Job Increases Broad-Based
Recent employment numbers came in better than expected, posting the largest employment rise in about two years, though it isn’t clear yet whether the increase is a one-off surge or the start of a longer-term pattern of healthy job creation—something that’s been a long time in coming
Manhattan’s One Museum Mile Reaches Sell-Out
One Museum Mile, a condo development at 1280 Fifth Ave. on Central Park in Manhattan, has sold all of its units.
Garden Communities Begins Leasing at Woodcrest at Clark in Clark, N.J.
Garden Homes subsidiary Garden Communities has announced the opening of the first of four apartment buildings in the company’s active adult community Woodcrest at Clark.
TODAY’S DEALS: Eastern Union Funding Closes $46.57M Construction Loan for South Jersey Townhomes
Investors Bank will provide a $40 million construction loan with a $6.57 million earn-out for The Avery, a 450-unit townhome project; and BMC Capital provides a $1.32 million cash-out refinance loan for a student-housing property.
The Solomon Organization Promotes Andrew Rosen to Managing Director
The Solomon Organization recently announced its promotion of Andrew Rosen to managing director in response to his invaluable contributions to the multifamily operator’s portfolio of more than 10,000 units in New York, New Jersey, Connecticut and Pennsylvania.