Regions
Crescent Communities Launches Development on $40M N.C. Community
Crescent Communities has launched development on a $40 million developed called Crescent Main Street in Durham, N.C. The community is located in Durham’s Ninth Street district, with close access to Duke University Medical Campus.
Arbor Appoints Jack Boudler as Vice President, Seniors Housing & Healthcare Origination
Arbor Commercial Mortgage LLC announced the appointment of Jack Boudler as vice president, seniors housing and healthcare origination.
TODAY’S DEALS: AEW Capital Management Buys 252 Units in Maryland
A Maryland asset trades hands; CBRE/New England sources a joint venture for a 200-unit development in Massachusetts; and Charles Dunn Co. completes the $14 million sale of a Hollywood apartment community.
Ground Broken on Arista AMLI Community Expansion
AMLI Residential has announced the groundbreaking on an expansion of Arista AMLI Community in Broomfield, Colo.
Economy Watch: Homebuilders Feeling Optimistic
The National Association of Home Builders reported that its Housing Market Index rose six points over the last month to a score of 57 for July.
High-Tech Memory Care/Assisted Living Property Completed in Suburban Texas
Developers PinPoint Commercial L.P. and Thrive Senior Living have completed Legacy at Bear Creek, a 78-unit assisted living and memory care facility in the affluent Fort Worth suburb of Keller.
TODAY’S DEALS: Meridian Clinches $230M Acquisition Financing Deal for Steinway Hall in NYC
Meridian Capital Group LLC negotiates $230 million in acquisition financing; HFF arranges $46 million for two Texas acquisitions; and RADCO acquires its third Midwest asset in 90 days.
Robert E. Hart and Guardian Launch TruAmerica Multifamily
Robert E. Hart, former president of Kennedy Wilson Multifamily Management Group, today announced he is launching an investment firm focused on acquiring, managing and rehabilitating Class B or better multifamily housing in the Western United States.
Builder Confidence Rises Six Points in July
Builder confidence in the market for newly built, single-family homes rose six points to 57 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July.
Robert Russell Joins Greystone as Head of CMBS Production and Managing Director of Fannie Mae/Freddie Mac Originations
Greystone, a leading national provider of multifamily and healthcare mortgage loans, today announced it has appointed Robert Russell as the head of CMBS Production and managing director for the firm’s Fannie Mae and Freddie Mac platform.