Regions
LCOR to Begin Leasing New Apartments at North Bethesda Center
LCOR will start leasing at the 341-unit Aurora, its apartment development in North Bethesda, Md., in June.
TODAY’S DEALS: NorthMarq Negotiates $118M Refinancing for Transit-Oriented Apts. on Behalf of Prometheus
NorthMarq Capital’s San Francisco-based regional office announces the refinancing for of two adjacent downtown properties located in Mountain View, Calif.; and Bernard Financial originates a $5.2 million loan.
Carter Hires Jerome Hagley as Executive Vice President
Carter, a real estate investment, development and advisory firm, announced the addition of Jerome Hagley as executive vice president at the company.
NJBA Names Verdana Howell Community of the Year
The New Jersey Builders Association has named Verdana Howell, a Howell Township, N.J.-based joint-venture partnership between Sterling Properties and AST Development, as its “Community of the Year” among rental communities in the Garden State.
Economy Watch: Federal Deficit Still on Downward Track
The federal government ran a budget deficit of $413 billion for the first six months of fiscal year 2014 (beginning Oct. 1, 2013), the Congressional Budget Office reported.
South Common Apartments Acquired for $4M
A private investor based in Massachusetts has obtained a $4 million Fannie Mae loan to acquire South Common Apartments, a 72-unit apartment property in Lynn, Mass.
TODAY’S DEALS: The Bassuk Organization Closes $73.5M for NYC’s Chelsea Tower
The Bassuk Organization closes $73.5 million with TIAA-CREF for a luxury apartment community in New York; ARA arranges a 352-unit sale in Washington; and HFF brokers a $5.65 million sale, and closes a three-year, interest-only, loan for the acquisition of an apartment community.
Sherwood Equities’ 500 West 21st Street Condominium Underway
Main foundation work is complete on a new condominium development from Sherwood Equities in Manhattan’s West Chelsea community.
Economy Watch: Employment Metrics Not Bad in March
The increase in U.S. jobs in March (up 192,000) was welcome news to those worried that something more deleterious than cold weather had hit the economy during the winter.
TODAY’S DEALS: Bascom Nabs 138-Unit Apartment Community in SoCal
The Bascom Group acquires a 138-unt apartment community; Charles Dunn completes a $2.7 million sale in L.A.’s Westwood submarket; and Centerline Capital arranges $4 million Fannie Mae financing for an acquisition in the Boston area.