Regions
TODAY’S DEALS: Greystar Nabs Oregon Community from Invesco
Greystar acquires a 264-unit community in the Silicon Forest; NorthMarq Capital finalizes a $13 million bridge loan for a Manhattan High Line condo project; and Smith Equities arranges the sale of two student housing assets that serve the University of South Florida.
P.B. Bell, Davis Enterprises Tapped to Redevelop Barrister Place Building in Phoenix
The City of Phoenix has selected P.B. Bell and Davis Enterprises to redevelop the historic Barrister Place building in the city’s downtown neighborhood.
PackageLog Now Synchronizes With Yardi Voyager
PackageLog™, powered by Logware™, announced its ability to communicate with Yardi® (yardi.com), a property management software provider. This integration allows resident information to be shared between Yardi and PackageLog™, removing the need to transfer information manually.
Picerne Plans Metro Providence Apartments
Florida-based Picerne Development has unveiled plans for Liberty Square Apartments in Plainville, Mass. The property will include 248 market-rate units on the east side of Washington St. in the town.
Economy Watch: U.S. GDP Expands at 4.2 Percent Rate in Second Quarter
The Bureau of Economic Analysis reported its revised, or “second,” estimate for Q2 2014 real U.S. gross domestic product growth, finding that GDP expanded at an annualized rate of 4.2 percent.
Barzilay’s Iron Mill Lofts in Philadelphia Unveils Model Unit
A fully furnished one-bedroom model loft has been opened at Iron Mill Lofts, a new Barzilay Development property in the trendy and dynamic Northern Liberties neighborhood of Philadelphia.
Morgan Group Finishes Houston Apartment Development
Work has been completed on Pearl Midtown, a new-construction apartment community in Houston. The property, developed by the Morgan Group, includes 154 units ranging from 499 square feet to 1,439 square feet with a mix of studios and one- and two-bedroom units.
TODAY’S DEALS: CLAL, Waterton Buy Stamford Apartments for $120.5M
CBRE brokers a $120.5 million apartment sale in Stamford; Colliers International completes a $6.4 million sale in Phoenix; and Capital One Bank closes a $22 million FHA refinance loan.
Lowe Enterprises Unveils the George Apartment Building
Lowe Enterprises has announced the completion of The George apartment building in Wheaton, Md. The 12-story tower was a redevelopment of an existing 45-year-old, five-story former office building. The additional seven stories and other renovation efforts will add 194 contemporary residents to that market.
Aconex Platform Selected for Public Infrastructure Stage at Bayside Waterfront Project in Toronto
Hines, Waterfront Toronto’s development partner on Bayside Waterfront, chose Aconex’s solution for the first phase of public infrastructure for the project.