Regions
Capitalizing on the Brooklyn Boom
AECOM subsidiary Tishman Construction has been selected to provide construction management services for Greenland Forest City Partners’ 535 Carlton Avenue, an 18-story residential tower in Brooklyn, N.Y.
Economy Watch: A Look at the Slip in Construction Spending
The Census Bureau reported that U.S. construction spending dropped in November.
West Hollywood Apartments Sell for Nearly $4M
Two fully occupied and adjacent apartment properties in the city of West Hollywood, which is in Los Angeles County, have traded hands.
Peak Campus Management to Manage Purpose-Built Student Housing at Western Illinois University-Quad Cities
Peak Campus Management has been selected to manage The Mills at Riverbend Commons, adjacent to the Western Illinois University-Quad Cities campus in Moline, Ill.
Economy Watch: Pending Home Sales See Uptick
The National Association of Realtors’ Pending Home Sales Index—a forward-looking indicator based on contract signings—was up 0.8 percent to 104.8 in November from 104.0 in October.
Hunt Mortgage Group Hires Cary Brownley as Director
Hunt Mortgage Group announced it hired Cary Brownley as director to help expand its FHA lending platform. Brownley will lead FHA multifamily and healthcare loan closings for the entire firm.
RealtyTrac Reports Distressed Condo Sales Continue to Drop
The percentage of distressed condo sales nationwide continues to drop, according to a year-end report by RealtyTrac.
Vasco Ventures to Build 35 Luxury Units in Bed-Stuy
Private real estate group Vasco Ventures has unveiled plans to construct 35 luxury units in the Bedford-Stuyvesant neighborhood of Brooklyn.
MassHousing’s Loans Benefit Lynn, Mass., Seniors Housing
MassHousing loans totaling $16.4 million will make large-scale property renovations and the extension of affordability possible at St. Stephen’s Tower, a 130-unit community for seniors in Lynn, Mass.