Regions
Economy Watch: Good Times for Hotels, But Properties Are Harder to Develop
Apartments have been the darling of the recovery since the recovery started, but the hotel market has snapped back from the dark days of 2009 and ’10 almost as dramatically.
TODAY’S DEALS: NorthMarq Closes $32.6M for Kansas Community
NorthMarq arranges refinancing for a 298-unit asset; Hunt provides two Fannie Mae loans in Wisconsin; and iStar Atlanta condo sales hit $12 million in the first quarter.
ConAm Group Acquires Denver-Area Aparments
The ConAm Group has acquired PeakView Place, a 296-unit apartment property in metro Denver, for an unspecified price.
Ted Meylor Assumes Role of CEO for RED Capital Group
RED Capital Group and ORIX USA Corporation announced that Edward Meylor will be assuming the role of CEO for RED Capital Group, as Mike Moran, current CEO, transitions back to the parent company, ORIX USA.
LeFrak Celebrates Major Milestone in Ongoing Capital Improvement Program
The West Courtyard facility, located at the corner of Junction Boulevard and 57th Ave. in New York, is officially opened.
Bringing Urban Amenities to a Canadian Lakefront Property
LJM Developments, a developer based in Burlington, Ontario, plans to begin construction soon on a luxury housing and retail development project called Waterview Condominiums.
Economy Watch: ULI Predicts Healthy Real Estate Markets Through ’17
With its weakened job growth, sluggish GDP expansion, and uncertainty about interest rates, the first quarter produced some jitters about the economy, and thus the potential for further real estate growth.
TODAY’S DEALS: Columbus Mixed-Use Community Trades Hands
PCCP provides a high net-worth investor with an acquisition loan; Greysteel arranges a 57-unit sale in Texas; and Pillar originates $9.2 million for the acquisition of an affordable property.
Attracting Residents with Bike Sharing
JMF Properties has tapped Zagster, a major provider in bike-sharing programs for the real estate industry, to offer bike sharing to the residents of Estling Village in Denville, N.J.
Vail Resorts Expands Overseas with $136M Acquisition of Australia’s Largest Mountain Resort
U.S. ski resort operator Vail Resorts has agreed to expand its portfolio with the purchase of the Perisher Ski Resort in New South Wales, Australia for US $136 million (AU $176.6 million).