Regions
Brokers’ Corner: Douglas Elliman Adds Top Broker
The company has hired Jerry Huang, a former Goldman Sachs executive with more than a decade of financial experience. In his role, he will be focusing on condos and new developments.
Phoenix Community Scores $24M Financing
The real estate investment trust arranged the first mortgage financing for the community. Pinnacle at Union Hills was purchased for $48 million using proceeds from an equity offering.
San Jose Flea Market Redevelopment to Reach 1,000 Units
Western National Group plans to develop 560 apartments in North Village, a community included in Market Park San Jose, a 120-acre mixed-use project.
Madrona Ridge Changes Leadership
As part of the integration, the company added Mike Voorhees as a president for its Seattle office. He brings more than 23 years of experience in residential real estate management.
Tiny Living Gets Bigger
In this video, Tomas Eliaeson and Thomas Carlson-Reddig of Little discuss why this trend is becoming a more functional choice for universities and what goes into creating these spaces.
ASC Secures $4M Refi for Milwaukee Property
The community is located in Milwaukee’s Timmerman West neighborhood and includes retail space. The loan features full-term interest-only payments.
ROSS Appointed Manager of DC-Area Apartments
The company will oversee renovations to the apartments, additional improvements and upgrades. Admiral Place marks ROSS’s fourth management assignment for the community’s new owner.
Economy Watch: Rents Rising in More Than Half of US
Twenty-six states and Washington, D.C., saw rental increases during the first six months of 2017, according to a recent ABODO report. The largest average increases occured in South Carolina, Maine, Vermont and Rhode Island.
Manhattan Mixed-Use Snags Pre-Development Financing
A joint venture obtained $200 million for 520 Fifth Ave., which will include 145 condos, 208 hotel rooms and 33,000 square feet of retail space.
Phoenix Community Commands $42M
Brass Enterprises made its first foray into the metro’s multifamily market with the acquisition of 1221 Broadway, a 194-unit garden-style property in Tempe, Ariz.