Regions
TODAY’S DEALS: Clal Insurance Grabs Another Apartment in Stamford
Clal Insurance acquires a 146-unit asset in Stamford from a joint venture; Capital One Bank closes on a $31.1 million Fannie Mae loan to refinance a portfolio of Class A Los Angeles apartments; and Marcus & Millichap brokers $10.9 million sale in SoCal.
Kevin Johnson Joins Auction.com Board
Auction.com, an online real estate marketplace, has added retired Juniper Networks’ CEO and former Microsoft executive Kevin Johnson to its board of directors. Johnson is the most recent high-profile addition to the Auction.com board, joining Jeff Epstein, ex-Oracle and DoubleClick chief financial officer, and current managing partner at Bessemer Venture Partners.
Related California Announces New Market-Rate Residential Division to be Led by Greg Vilkin
Related California, the West Coast affiliate of Related Companies, announced that veteran real estate executive Greg Vilkin will join the company as president of Related California Urban Residential, a newly formed division, and as a member of the senior executive team.
Amstar Pays €63M for Zlota 44 Luxury Residential Tower in Warsaw, Poland
Denver-based Amstar Global Advisers recently announced the purchase of Warsaw’s iconic Zlota 44 residential tower in an off-market transaction.
LEI and Tribridge Team to Purchase Atlanta Apartment Building
Lowe Enterprises Investors has teamed with TriBridge Residential to acquire and operate City View, a 202-unit apartment building in Atlanta.
Dominium to Upgrade Recently Acquired Affordable Housing Community
Minneapolis-based affordable housing development and management company Dominium has announced that it has acquired a 172-unit community in Saint Paul, Minn.
Economy Watch: Economy Still Growing, But Not Gangbusters
The Federal Reserve released the latest “Summary of Commentary on Current Economic Conditions by Federal Reserve District,” better known as the Beige Book. According to the report, economic activity has expanded in all the 12 Federal Reserve districts since the previous book, but “none of the Districts pointed to a distinct shift in the overall pace of growth.”
Opus Completes VÉLO Apartments in Twin Cities
VÉLO, an apartment project in downtown Minneapolis, has been competed by the Opus Group. The community includes 101 apartment units and 12,000 square feet of retail space.
Crescent Appoints New Group Presidents To Support Growth
Crescent Communities announced two appointments in its land and commercial business groups.
TODAY’S DEALS: Levin Realty Advisors Completes 320 Unit Sale to L3C Partners
L3C Partners picks up a Class A asset in Illinois from Levin Realty Advisors; and NorthMarq Capital secures $16.9 million new construction loan for the Cookie Factory.