Regions
MG Properties Acquires Luxury Community
MG Properties Group announced the acquisition of Tuscany Ridge Apartments in Temecula, Calif.
$25.2M Affordable Community to Open in Texas
AMTE is developing 160 units of affordable housing in Fort Worth, Texas. Construction is set to begin in spring 2015 on Avondale Apartments, valued at $25.2 million.
Greysteel Announces Promotion
The executive committee of Greysteel is promoting W. Kyle Tangney to the position of senior director.
Creating a ‘Significant Cultural Landmark’
A joint venture between CMC Group and the Capital Group have begun the conversion of reservations to contracts for Brickell Flatiron, a 64-story slender glass tower luxury condominium development in downtown Miami.
Economy Watch: A Strong Year for the Hotel Industry
This year is going to be another good year for the U.S. hotel industry, even better than the strong 2014, according to recent predictions from various sources, including the most recent TravelClick North American Hospitality Review (NAHR) and PKF Hospitality Research (a CBRE company).
TGM Expands in Connecticut
TGM Associates has acquired Avalon on Stamford Harbor, a waterfront property in Stamford, Conn., that includes two mid-rise apartment buildings for an unspecified price.
Record-Setting Sale Announced for Chicago Apartment
Related Midwest announced the sale of OneEleven Apartment Tower located at 111 W. Wacker Dr. in Chicago, which sold for over $328 million to Heitman.
Trammell Crow Company Announces Three Promotions
Trammell Crow Company, a national developer and investor in commercial real estate, has announced the promotion of Joel Behrens of Dallas/Fort Worth, Will Parker of Northern California and Brandon Houston of Houston to principals of the firm in their respective city’s business units.
TODAY’S DEALS: KeyBank Provides $334.4M Credit Facility for National Assisted Living Portfolio
KeyBank Real Estate Capital closes a $334.4 million Fannie Mae credit facility for Enlivant; and NorthMarq Capital’s Kansas City office finalizes transactions totaling $13.34 million.
New NYC Condo ‘Quiet Retreat’ in Bustling City
B+B Capital has revealed a new development plan for Manhattan’s Chelsea neighborhood.