Regions
Massive Harlem Mulitfamily Renovation Under Way
Work has started on the first phase of the redevelopment of Randolph Houses, which are in central Harlem in Manhattan.
TODAY’S DEALS: Luxury NYC Adaptive Reuse Sells of $126M
Eastern Consolidated arranges the sale of a hotel-to-apartment conversion in New York; Berkadia originates $12 million for a Seattle community; and Hendricks-Berkadia negotiates the sales of two Tampa communities for more than $10 million.
Gilbane Development Launches Brown University Student Housing
Ground has been broken on the first purpose-built student housing community in Providence, R.I.
CoreLogic Expands Tenant Screening Services
CoreLogic, a global property information, analytics and data-enabled services provider, today announced the expansion of its tenant screening services to deliver enhanced data for rental applicant screenings for single-family rentals and the “small-landlord” market.
Economy Watch: ULI/E&Y Forecast More Optimistic Than Before
The latest semi-annual ULI/E&Y Real Estate Consensus Forecast predicts that U.S. commercial property transaction volume will reach $430 billion by 2016, exceeding the volume of 2006—the last year before the bubble popped.
Manna Inc. Buys DC Apartment Community
The 44-unit Vito Terrace Apartments in northwest Washington, D.C., has traded hands for an unspecified price.
TODAY’S DEALS: AFL-CIO Provides $33M for Minneapolis Construction
The AFL-CIO Housing Investment Trust provides $33 million for the construction of an apartment community; NorthMarq Capital negotiates a $34.5 million life company loan allowing for rate lock during the lease up period; and CBRE/NE arranges $16.1 million for a Massachusetts asset.
NYSERDA Announces Funding Opportunity for Multifamily Heating Improvement Measures
The New York State Energy Research and Development Authority has announced that $1.2 million in funding has been set aside to assist multifamily buildings in implementing improvements to heating systems.
Craig M. Robinson Joins Colliers as President
Colliers International announced that commercial real estate veteran Craig M. Robinson will take the reins as president of Colliers’ U.S. business, a newly created position.
LandSouth Construction Completes Multifamily Developments in FL and NC
LandSouth Construction has completed two new apartment communities: Lost Lake Resort Apartment in Jacksonville, Fla., and Phillips Research Park in scenic Durham, N.C.