Regions
Economy Watch: Construction Edges Down Because of Energy
U.S. construction spending experienced a modest downtick in February, off 0.1 percent overall, but is still 2.7 percent higher than the same month last year, according to the Census Bureau.
Acquisition Philosophy: To Give the Renters What They Want
Mill Creek Residential is renovating its newest acquisition, the Heritage Creek apartment community, which features 324 apartment homes in the Denver metro area.
Demand for Quality Housing in Corona Brings New Luxury Apartments
The area of Corona, Calif., has a high demand for quality rental housing and for the first time in a while, ground has broken for new luxury apartments.
Romania’s First Park Inn by Radisson Hotel to Open Q4 2015
The Carlson Rezidor Hotel Group recently announced that Romania’s first ever Park Inn by Radisson will open in Bucharest at the end of 2015.
Carroll Organization Acquires West Palm Beach Apartments
Carroll Organization, in a joint venture with Blue Mountain Capital, has acquired Resort at Laguna Lakes in West Palm Beach, an 812-unit property developed during the 2000s. The company plans to rebrand the apartments and manage them itself.
TODAY’S DEALS: Bascom, Oaktree Close Seventh Acquisition with Nevada Buy
Bascom bets on a recovering Las Vegas market; Milestone Apartments REIT grabs 303 units in Orlando; and Mortgage Equicap arranges a construction loan for an 80-unit building.
161-Unit Boston-Area Community Sold
Jefferson at Admiral’s Hill, a 161-unit Chelsea, Mass., apartment community, has been sold by CBRE/New England’s Capital Markets team.
Holland Residential Announces New President
Holland Partner Group announced that it has named Tony D’Alto president of Holland Residential.
Joint Venture Transforming Commercial Site to Luxury Apartment Community
A joint venture is bringing a modern, luxurious multifamily property to Orange, Calif.
RMA Announces Hiring of Heidi K. Turley as Chief Financial Officer
The Risk Management Association announced that Heidi K. Turley, CPA, MBA, CGMA, has joined its management team as chief financial officer.