Regions
Becca Wilson, President/CEO of Spherexx.com, Gets Gold for Woman of the Year–Technology–Business and Finance
Becca Wilson, president and CEO of Spherexx.com, recently received the 2014 Woman of the Year Stevie Award for Technology – Business Services and Financial Services.
Georgetown Co. Acquires Chicago Community for $214.25M
Georgetown Co. has acquired K2 Apartments, a 496-unit Class A luxury apartment development, from a joint venture between Fifield Companies and Wood Partners, for $214.25 million.
Economy Watch: Beige Book Paints Generally Stronger Picture of Economy
The latest Beige Book—formally called the “Summary of Commentary on Current Economic Conditions by Federal Reserve District”—says that national economic activity continued to expand in October and November.
Dolben Begins Work on Rumney Flats in Suburban Boston
The Dolben Co. has broken ground on Rumney Flats, a 231-unit apartment development in Revere, a suburb of Boston. The property is part of a larger Planned Urban Development that includes BJ’s Wholesale Club, which has already been completed.
TODAY’S DEALS: Phoenix Realty Group Buys 600 Units in Colorado
Phoenix Realty Group grabs 600 units in Aurora, Colo.; NorthMarq arranges a $140 million refinance through GE Capital and Prudential; and Eastern Union arranges $6 million for the refinance of a Manhattan mixed-use property.
Denver Luxury High-Rise The Confluence Breaks Ground
Ground has been broken on The Confluence, the newest ultra-luxury multifamily high-rise tower in Denver.
Economy Watch: Construction Spending Rises in October
The Census Bureau reported that U.S. construction spending during October came in at an annualized rate of $971 billion, 1.1 percent higher than in September.
Greystone Starts Waterbridge 47 Condos in Brooklyn
Work is under way on Waterbridge 47, a residential development in the Venegar Hill/Dumbo neighborhood of Brooklyn. The developer, the New York-based Greystone, plans to sell the 25 residencies as condos.
TODAY’S DEALS: Canyon Capital Provides Related JV with $157M for Miami Condo/Hotel
HFF arranges $157 million for a mixed-use Miami development; Equus Capital Partners acquires 288 units in Atlanta; and Berkadia arranges more than $26 million for two multifamily properties on the East Coast.
Joint Venture Opens Affordable Housing in Harlem
A joint venture has opened Bethany Place, 23 renovated apartment units in Harlem, to go to Sandy-impacted and rent-burdened families.