Regions
Ground Broken on Proffitt Dixon Partners’ Fountains Matthews
Multifamily real estate development and investment firm Proffitt Dixon Partners has begun construction on a 258-unit luxury rental property called Fountains Matthews.
RED Capital Group Announces New Senior Managing Director of Affordable Housing
Tracey Peters is the new senior managing director of affordable housing for RED Capital.
Economy Watch: Most States See Unemployment Drop
Forty-one states and the District of Columbia saw unemployment rate decreases in November compared with October, three states suffered increases and six states experienced no change, the Bureau of Labor Statistics reported.
Continential Properties Starts Work on Suburban New Orleans Apartments
Continental Properties Co. has broken ground on the Springs of Fremaux Town Center in Slidell, La.
TODAY’S DEALS: Equus Sells Florida Apartments to Bluerock for $14.3M
Equus Capital Partners completes a 224-unit sale; Aztec secures $9.1 for an acquisition in Pensacola, Fla.; and CareTrust REIT completes a sale-leaseback transaction in Minnesota.
Hunt Companies Appoints Paul Kopsky as Chief Operating Officer
Hunt Companies Inc. announced that, effective January 1, 2015, Paul Kopsky, Jr. will become executive vice president and chief operating officer of the company. Kopsky assumes the position following the appointment of Chris Hunt to chief executive officer.
W.P. Carey Buys $29.5M Light-Industrial and Distribution Facility in Poland
In a $29.5 million (€23.8 million) deal, global net-lease real estate investment trust W.P. Carey Inc. has acquired a new build-to-suit 362-000 square-foot light-industrial and distribution center in Poland.
Rose Associates Promotes Two Veteran Officers
Rose Associates, a New York-based real estate firm, has announced the promotion of two of their managing directors, Mitchel S. Gelberg and Mark Motley, to senior managing director positions.
Hines Takes Back Parque Industrial Tecnológico II Industrial Park in Guadalajara from Union Investment
Hines recently completed the acquisition of a property in industrial real estate market of Mexico.
TODAY’S DEALS: Offshore Investor Grabs Brooklyn Apartments for $52.2M
Studley Savills brokers a Naftali Group sale in Brooklyn; Equity Residential is happy to take a LEED asset off Vulcan’s hands in Seattle; and NorthMarq arranges $24 million for a loft property in Portland, Ore.