Regions
123 on the Park is 50 Percent Leased
The Chetrit Group and Clipper Equity redevelopment 123 on the Park in Brooklyn has surpassed the 50 percent leased threshold after less than three months on the market.
TODAY’S DEALS: Steadfast Apartment REIT Acquires Two Austin Assets
Steadfast Apartment REIT acquires 564 units in Austin; Blue Ridge Companies expands its North Carolina portfolio; and Grandbridge Real Estate Capital obtains $12.42 million in equity and a three-year senior loan for multifamily property.
WNC Provides Financing for Seniors Apartments in Long Beach, CA
Ramona Park Senior Apartments, an affordable senior housing community in Long Beach, Calif., has been completed.
Economy Watch: Job Growth Moderates in August
The U.S. economy created 142,000 jobs in August, according to the Bureau of Labor Statistics, down somewhat from the stronger gains of the last 12 months, which have averaged 212,000 per month.
Carter Opens New Suburban Atlanta Apartments for Leasing
The real estate firm Carter has opened the first phase of its new apartment development, Place on Ponce, for leasing. The phase includes 28 units and is in downtown Decatur, on the corner of W. Ponce de Leon Ave. and Ponce de Leon Pl.
Michelle Antic Joins The Mark Company as Project Director
The Mark Company, an urban residential marketing and sales firm, announced Michelle Antic has been appointed project director.
WastePoint Names Top Multifamily Real Estate Industry Executive Alexandra Jackiw to its Board of Directors
WastePoint announced that it has named Alexandra Jackiw to its Board of Directors.
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.