Regions
Northland Investment Begins Suburban Boston Apartment Development
Work has started on The Merc at Moody & Main, a multifamily development in Waltham, Mass., that will also include a retail component. Newton, Mass.-based Northland Investment Corp., a privately held multifamily specialist, is the developer.
Centerline Capital Group Adds Two Executives to its Roster
Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, announced today it has hired two new executives–Nick Hoffer has joined the firm as senior vice president and COO, and Mustafa N. Haque joins Centerline as a vice president and assistant general counsel.
TODAY’S DEALS: Vantage Lands Maryland High-Rise Management Gig
Guardian Realty Investors names Vantage property manager at a newly built high-rise; Centerline refinances a Pittsburgh apartment asset; and Capital One Multifamily Finance closes on a $11.1 million FHA 223(f) refinance that fixes a long-term rate.
Enterprise Names Judi Kende Vice President and New York Market Leader
Enterprise Community Partners Inc. (Enterprise) announced that Judi Kende has joined as vice president and New York market leader after working eight years at the Low Income Investment Fund (LIIF).
HSL Properties Growing its Arizona Portfolio
The Station on Central, a 414-unit apartment community in Phoenix, has been purchased by Tucson-based HSL Properties.
Mack Urban Plans Roosevelt Neighborhood Apartments in Seattle
Mack Urban has unveiled plans for a seven-story apartment development at 800 NE 67th in the Roosevelt Residential Urban Village, which is part of Seattle’s Roosevelt neighborhood.
SPECIAL REPORT: PREI Raises Concerns that Real Estate Valuations Could be Based on Quantitative Easing Worldwide
Prudential Real Estate Investors said that commercial real estate prices are on the rise worldwide as economies rebound internationally, but expressed concern that loose monetary policy could be driving property valuations.
Economy Watch: Consumers Feeling Better
The University of Michigan reported that its consumer sentiment index edged up to 82.5 at the end of June, compared with a mid-June reading of 81.2 and an end-of-May reading of 81.9.
Mexican Company ICA Increases Presence in the United States with Acquisition of the Facchina Construction Group
Empresas ICA, S.A.B. de C.V., the largest infrastructure and construction company in Mexico, announced the completion of the acquisition of the Facchina Construction Group (“FCG”) in the United States.
KRE Group, Ironstate NJ City Development Fully Leased
The Marketing Directors have announced that the lease-up at Kushner Real Estate Group and Ironstate Development’s new luxury building in Jersey City, N.J., has set a city leasing record after inking more than 100 leases at the 422-unit community, 18 Park, within about four weeks of its initial lease-up campaign.