Regions
Greystar Selected to Manage Luxury Colorado Rental Community
International real estate firm Hines has selected Greystar to lease and manage Helios, a new 258-unit Englewood, Colo., luxury apartment property.
Economy Watch: Residential Prices Continue to Moderate
Trulia reported that asking prices nationally for residential properties rose 1 percent in August, up a bit from 0.7 percent in July.
TODAY’S DEALS: Landmark Apartment Trust Completes 342-Unit Orlando Acquisition
Landmark Apartment Trust buys a 2002-built apartment in Orlando; Chaucer Creek acquires a community in Charlotte’s ‘hippest’ neighborhood; and Colorado investor acquires a property from Fannie Mae.
LDG, HOC Partner on Redevelopment Project in Silver Spring, Md.
Lee Development Group and the Housing Opportunities Commission of Montgomery County have announced a partnership to redevelop three parcels in the downtown area of Silver Spring, Md., into mixed-use and transit-oriented affordable housing.
ManageAmerica and PayNearMe Partner to Streamline Payments for Manufactured Housing Operators
PayNearMe and ManageAmerica, have partnered to offer a more efficient cash collection method that eliminates the risk of fraud and errors that are rife in traditional cash and money-order processing on-site.
EdR Promotes Richards to Executive Vice President and Chief Operating Officer
EdR announced the promotion of Christine Richards to executive vice president and chief operating officer from senior vice president and chief operating officer.
Lennar Multifamily Communities Developing 1.08 Acre Mixed-Use Building in Downtown LA
Lennar Multifamily Communities is developing Olympic & Olive, a planned 201-unit mixed-use rental community in downtown Los Angeles, which will include 4,000 square feet of retail space.
Economy Watch: Consumer Credit Spikes in July
Americans borrowed more in July than in June, according to the Federal Reserve, with U.S. consumer credit increasing at an annualized rate of 9.7 percent during the month, compared with 7.1 percent in June.
MassHousing Provides Nearly $1B for Affordable Housing in FY ’14
MassHousing, which is the housing agency of the Commonwealth of Massachusetts, reports that it provided $985.2 million for affordable housing in the 2014 fiscal year, which ended June 30, 2014. It was the second-largest lending year in the agency’s 48-year history.
Massey Knakal LIC Veteran Evan Daniel Joins Modern Spaces to Lean New Commercial & Investment Property Group
Modern Spaces, a professional real estate services firm with offices in Queens, Brooklyn and Manhattan, is launching a Commercial & Investment Property division and has tapped Evan Daniel as the group’s leader.