Regions
TODAY’S DEALS: Charles Dunn Brokers 201-Unit Los Angeles Sale
Charles Dunn Co. brokers the $22 million sale of an L.A. apartment community; Madison Realty Capital sells a 20-unit NYC apartment for $12.3 million; and NorthMarq Capital arranges $14.45 million in rollover financing consisting of a non-recourse bridge loan and a construction loan.
JDC Completes Latest California Apartment Redevelopment
JDC Construction + Development Group has completed the $4 million restoration of the 237-unit 1718 Ximeno Ave. apartment property in the Park Estates section of Long Beach, Calif.
ApartmentFinder.com Releases Citrus, Featuring Enhanced Intuitive Navigation And Advanced Search Technology
ApartmentFinder.com launched its latest site update called Citrus. Significant navigation and design enhancements to the homepage and search features make it easier than ever for renters to find their ideal apartment from one of the largest collections of U.S. apartment rentals online.
Hines, MetLife to Develop Quincy, Mass., Waterfront Community
International real estate firm Hines, in conjunction with MetLife, has announced it will develop a mixed-use multifamily property on the Quincy, Mass., waterfront.
Economy Watch: More Millionaires Than Ever
Boston Consulting Group, in its Global Wealth 2014 report, said that the total number of millionaire households reached 16.3 million worldwide in 2013, up strongly from 13.7 million in 2012 and representing 1.1 percent of all households globally (an almost literal 1 percent).
Northridge Apartments Nearly Leased Up
The 402-unit Terrena mixed-used property, which is in the Northridge district of L.A., has nearly leased its multifamily component. The community consists of a mix of studio and one- and two-bedroom units, as well as about 14,000 square feet of retail space.
TODAY’S DEALS: Joint Venture Sells 222-Unit Apartment Community in Georgia
The Carroll Organization and Lubert-Adler Real Estate sell a luxury asset in Georgia; Resource Real Estate Opportunity REIT nets $2.9 million in profits in a Tampa student-housing sale; and Marcus & Millichap arranges the $3.9 million sale of a boutique student-housing property near USC.
Village Green to Manage 13th Property in Twin Cities Region
Village Green has announced that it is now under contract to manage Grand Pre East in Little Canada, Minn., on behalf of its new client Loboda Properties. The contract for the 251-unit community solidifies Village Green’s 13th property in the Twin Cities region that it either owns or manages.
The Lightstone Group Names Mark C. Green Senior Vice President of Construction
The Lightstone Group, a privately held real estate company, has named Mark C. Green, veteran of nearly two decades in the real estate development industry, as its senior vice president of construction.
Hines Managed Fund Acquires Mixed-Use Developments in Germany
Hines Immobilien GmbH, a fund set up and managed by Hines, has acquired two mixed-use property assets in Germany, namely Kö-Quartier in Düsseldorf and Kronprinzbau in Stuttgart