Regions
PMRG Brings Property Management In-House for the Multifamily Division
PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, announced that it has brought property management services in-house for the multi-family division.
Situs Hires Fernando Salazar Lacalle as Head of Spanish Office
Situs, a global provider of commercial real estate (CRE) advisory services and integrated process and technology solutions, announced the appointment of Fernando Salazar Lacalle as managing director and country head of the firm’s new office in Madrid, Spain.
Economy Watch: OECD Forecasts Continued Tepid Growth
The Paris-based Organization for Economic Co-operation and Development released its latest forecasts for economic growth in various parts of the world, revising them downward in some cases, especially for the euro zone.
The Dolben Company Inc. Promotes Scott Hamlin to Regional Property Manager
The Dolben Company Inc., a full-service Boston-based real estate company, announced that Scott M. Hamlin has been promoted to the role of regional property manager.
South Florida JV Buys More Than 3,000 Student Beds in Tallahassee
A new joint venture between Calidus, Pebb Capital and Pragma Investments, three Palm Beach County-based real estate firms, has acquired a portfolio consisting of 3,155 student housing beds at Florida State University in Tallahassee.
TODAY’S DEALS: Capital One Bank Provides $277M Construction Loan for Brooklyn Waterfront Apartments
Capital One Bank announced it completed the syndication of a $277 million construction loan for a ground up development; ARA brokers Pauls Corp.’s sale of 21 Fitzsimons; and Ross taps Federal Capital Partners to recapitalize 2,044 units in Washington, D.C.
CIM Group to Begin Construction of Tower on Chicago’s Block 37
Initial permits have been secured for the construction of a new 34-story apartment tower on the north side of Block 37 in Chicago’s venerable Loop shopping and entertainment district.
Time Equities Unveils Artist-in-Residence Program for New NYC Tower
Time Equities has launched an artist-in-residence program for its 50 West development, a 64-story residential tower currently under construction in the Downtown neighborhood of Lower Manhattan.
Economy Watch: Retail Sales Grow in August
Americans had an itch to buy more in August, according to the Census Bureau.
TODAY’S DEALS: Onex, New York Life Insurance Sell 1,056-Unit Portfolio
IPA brokers sell three Midwest assets for a partnership between Onex and New York Life Insurance; a joint venture between The Kalikow Group and EYC Companies completes a sale in North Carolina; and EverBank funds a $2 million loan for the acquisition of a six-apartment property.