Regions
Troy Boston Tops Off in Beantown’s South End
The final beam has been placed on Troy Boston, a $185 million mixed-use development in Boston’s South End. Gerding Edlen, Normandy Real Estate Partners and National Real Estate Advisors collaborated on the project.
Economy Watch: July Jobs Gain Healthy, Broad-Based
Jobs gains in July, while not quite as robust as in June, were nevertheless broad-based. Professional and business services added 47,000 jobs during the month, including gains in architectural and engineering services.
Deco Plans Another Condo Development in Scottsdale
Locally based Deco Communities has closed on a 2.4-acre site in Scottsdale, Ariz., that will be home to a new, 100-unit, to-be-named condominium project.
TODAY’S DEALS: Grosvenor Americas Buys Fairfax Apartments for $108.2M
Grosvenor completes its first apartment purchase in the D.C. area; and Morgan Properties, Core RE Capital acquire 700 units in Maryland.
Jersey City’s 18 Park Celebrates Grand Opening
Jersey City Mayor Steven Fulop along with officials from Ironstate Development and Kushner Real Estate (KRE) were recently on hand to celebrate the grand opening of the recently completed 18 Park luxury rental building in Jersey City’s Liberty Harbor North neighborhood.
TM Associates Develops Geothermal Workforce Housing in Brambleton, Va.
Shreveport Ridge, a workforce housing project in Brambleton, Va., has been dedicated in a ribbon-cutting ceremony attended by state and local dignitaries.
Economy Watch: Economy Adds 209K Jobs in July
The U.S. economy added 209,000 jobs in July, according to the Bureau of Labor Statistics.
Château Group and Fendi to Develop Condos Near Bal Harbour Shops
Developer Château Group and Fendi, the Italian fashion house, have inked a partnership to develop Fendi Château Residences, a 12-story waterfront condo building in Miami.
TODAY’S DEALS: Bascom, Oaktree JV Completes 296-Unit Purchase in Nevada
A Bacom, Oaktree venture completes its second purchase; Capital One bank closes on $30.9 million in HUD loans with Terrace Communities; and Marcus & Millichap brokers the sale of a Milwaukee apartment portfolio.
Benenson Capital Partners Names David P. Thomas to Chief Financial Officer
David P. Thomas, a former partner and practice leader with Deloitte’s NYC real estate industry group, has been named chief financial officer of Benenson Capital Partners LLC, a privately held real estate investment and development company.