Regions
Economy Watch: Fed Says Growth at “Measured Pace”
The Federal Reserve released the latest Beige Book and for the moment, the central bank isn’t characterizing the U.S. economic as experiencing “moderate” or “modest” growth.
CBRE Appoints Brian McAuliffe to Lead Firm’s Multi-Housing Investment Sales Practice
CBRE Group Inc. announced the appointment of Brian McAuliffe as senior managing director of CBRE’s Multi-Housing Group.
Interface Names Wes Millner Managing Director of Military Sales
Growing what already is a strong foothold in the military sector, Interface is seeking an even larger share of that market and has named Guy Wesley (Wes) Millner to a newly created position of managing director of military sales.
UDR Lower Manhattan Properties Fully Functional
Damage estimates from Hurricane Sandy, which roiled the Northeast a month ago, are still coming in. Multifamily specialist UDR has reported that it estimates that the storm caused total damages to the properties of between $28 million and $32 million.
TODAY’S DEALS: GDC Breaks Ground on Luxury Rental in Orlando
GDC breaks ground on a six-story luxury rental development; Baron Properties picks up a 380-asset in Houston; and HFF closes on the $39.3 million sale of an East Orange, N.J. apartment property to SDK Apartments.
Tryko Partners’ Loch Raven Village Renovation Nears Completion
Just one year after it was purchased by Tryko Partners LLC, Loch Raven Village Apartments, a 495-unit Baltimore rental community, has reached 96 percent occupancy.
Economy Watch: Home Prices Continue Upward
According to the latest S&P Case-Shiller Home Price Indexes residential property prices are still on the rise.
Charles M. Moran to Head Property Management at Vesta Corporation
Charles M. Moran, formerly a senior executive in operations with private company Conifer Realty and non-profit The Community Builders, joined the Vesta Management subsidiary of the Vesta Corporation.
Beech Street Capital Names Tyler Griffin Vice President of Originations at its NY Office
Beech Street Capital LLC, announced that it had promoted Tyler Griffin to the post of vice president of originations at its New York Office. Griffin will focus on multifamily and commercial real estate debt financing nationwide, with an emphasis on FHA programs.
New Condo to Rise Across From UN
Zeckendorf Development with Global Holdings have unveiled plans for 50 United Nations Plaza, a 44-story, 87-unit condo development across from the United Nations Headquarters in Manhattan.