Regions
Dolben Begins Work on Rumney Flats in Suburban Boston
The Dolben Co. has broken ground on Rumney Flats, a 231-unit apartment development in Revere, a suburb of Boston. The property is part of a larger Planned Urban Development that includes BJ’s Wholesale Club, which has already been completed.
TODAY’S DEALS: Phoenix Realty Group Buys 600 Units in Colorado
Phoenix Realty Group grabs 600 units in Aurora, Colo.; NorthMarq arranges a $140 million refinance through GE Capital and Prudential; and Eastern Union arranges $6 million for the refinance of a Manhattan mixed-use property.
Denver Luxury High-Rise The Confluence Breaks Ground
Ground has been broken on The Confluence, the newest ultra-luxury multifamily high-rise tower in Denver.
Economy Watch: Construction Spending Rises in October
The Census Bureau reported that U.S. construction spending during October came in at an annualized rate of $971 billion, 1.1 percent higher than in September.
Greystone Starts Waterbridge 47 Condos in Brooklyn
Work is under way on Waterbridge 47, a residential development in the Venegar Hill/Dumbo neighborhood of Brooklyn. The developer, the New York-based Greystone, plans to sell the 25 residencies as condos.
TODAY’S DEALS: Canyon Capital Provides Related JV with $157M for Miami Condo/Hotel
HFF arranges $157 million for a mixed-use Miami development; Equus Capital Partners acquires 288 units in Atlanta; and Berkadia arranges more than $26 million for two multifamily properties on the East Coast.
Joint Venture Opens Affordable Housing in Harlem
A joint venture has opened Bethany Place, 23 renovated apartment units in Harlem, to go to Sandy-impacted and rent-burdened families.
Berkeley Point Capital Continues to Expand Its Affordable Housing Finance Team with the Hiring of Matt Naish
Matt Naish joins Berkeley Point Capital LLC as director, affordable housing finance.
Economy Watch: Manufacturing Continues to Grow
The U.S. manufacturing sector expanded in November for the 18th consecutive month, according to latest Manufacturing ISM Report On Business.
Oculus Opens The Colonel Apartments in DC for Leasing
Oculus Realty has started leasing at The Colonel, a new 70-unit apartment development with historic components in Washington, D.C.’s Shaw neighborhood. The five-story structure at the corner of 9th and N Sts. also includes 8,500 square feet of first-story retail space.