Regions
TODAY’S DEALS: Centerline Capital Refinances Six-Property Portfolio in Los Angeles for $23.5M
Centerline Capital Group provides a $23.5 million Fannie Mae credit facility to refinance a six-property multifamily portfolio; and ARA brokers the $39 million sale of a property located next to Northern Colorado’s largest employment center.
Modular Dorm Units Offer Student Housing Solutions
Budget-conscious universities now will be able to leverage significant benefits and expedited project schedules through the use of modular buildings from ICON Construction.
Economy Watch: Strong Jobs Numbers Broad Based
A lot of industries were hiring in June, according to the Bureau of Labor Statistics, reporting the month’s employment numbers ahead of the Independent Day holiday weekend. With June’s increase of 288,000 workers, that means that over the past three months, job growth has averaged 272,000 per month.
One Eighty to Roll Out New Brand of Seniors Housing
One Eighty, a hospitality specialist based in Seattle, has unveiled plans for a new line of seniors housing properties targeting middle-income seniors who want independent living facilities.
TODAY’S DEALS: IPA Brokers Sale of Danvers, Mass. Property for $108.5M, Highest Multifamily Price in Massachusetts YTD
Institutional Property Advisors arranged the sale of Avalon Danvers, a 433-unit multifamily community in the northeastern Massachusetts; Saratoga Capital buys a 93-unit North Carolina asset; and Besen & Associates brokers a 129-unit portfolio in Upper Manhattan.
Purchasing Castles
The financial crisis of the previous decade hit the real estate market hard. But a medieval castle is not like an apartment or a house.
Leyou Chain Store and SF Express Lease 441 KSF at Goodman Landport Logistics Estate
Goodman Group has signed leases with two tenants at Landport Logistics Estate. Leyou Chain Store will occupy 247,570 square feet and SF Express signed up for a total of more than 193,750 square feet.
Economy Watch: Economy Creates 288K Jobs
The U.S. economy created a robust net of 288,000 jobs in June, according to the Bureau of Labor Statistics.
IHG and Hilton Worldwide Expand Operations in the United Arab Emirates
InterContinental Hotels Group and Hilton Worldwide have both announced expansions of their portfolios, with IHG signing two new management contracts for facilities in Abu Dhabi, while Hilton recently held the official opening of a new Dubai hotel.
Ideal Properties Group Re-Launching Brooklyn Luxury Apartments
Ideal Properties Group will re-launch The Bradford in Bedford Stuyvesant, the 105-unit development formerly known as the Acacia, which will now be utilized for luxury apartments.