Regions
Penthouse Model Opens in Chicago’s West Town
Wicker West 1555, a nine-unit mixed-use condominium development at North and Talman Ave. in Chicago’s West Town, is offering a contemporary, professionally furnished and decorated new duplex penthouse model.
New Yardi Data Center in Sydney Expands Yardi Cloud Services in Australia and New Zealand
Yardi Systems, one of the leading developers of real estate software for investment, asset and property management, has announced the opening of a new data center in Sydney as the company continues to see rapid adoption of the Yardi Voyager™ platform in Australia and New Zealand.
TODAY’S DEALS: PRG Sells 292-Unit Asset in Raleigh
PRG Real Estate Management sells a 292-unit asset for $20 million; Berkadia arranges an $8.8 million bridge loan for a condo acquisition in San Jose; and ARA represents REIT in the sale of a fully stabilized asset in Florida.
Ground Broken for Long Beach Affordable Housing
Affordable housing specialist Palm Communities and the nonprofit Western Community Housing have broken ground on Ramona Park Senior Apartments in Long Beach.
Cocke Finkelstein Inc. Acquires Lane Managment
Atlanta-based real estate and investment management firm Cocke Finkelstein Inc. (CFI), announced the pending acquisition of the assets of Lane Management LLC, to create one of the nation’s largest multifamily property management firms, CFLane.
Two Texas Metros Top List of ZipRealty’s Most Affordable Housing List
ZipRealty, Inc., an online technology-enabled residential real estate brokerage company, released its list of the top 10 most affordable housing markets in 2013 based on a two-year analysis by the company of MLS data and U.S. Census Bureau information.
Economy Watch: Bailout Terms for Cyprus Cause Big Upset
The euro-zone crisis has been somnolent lately, but over the weekend it returned to mini-panic mode in a hurry when word broke that as part of Cyprus’ bailout, the EU wants depositors in the island nation’s banks to pay a 6.75 percent tax on their deposits up to 100,000 euros, and a higher tax on deposits higher than that.
Urban Land Conservancy Acquires Affordable TOD
The Urban Land Conservancy recently made its largest land purchase and acquisition using Denver’s $15 million Transit-Oriented Development Fund.
TODAY’S DEALS: Venterra Realty Lands Financing for Houston-Area Buy
HFF arranges financing for an acquisition in Texas; Urban Land Conservancy buys land for an affordable TOD in Denver; and NorthMarq Capital arranges a $10.5 million cash-out refinance.
Highrise Apartment Rising in Boston
Work is under way on 120 Kingston St. between the Chinatown neighborhood and Leather District of Boston, which will be a residential and retail building on the site of the former Dainty Dot building.