Regions
TODAY’S DEALS: Pegasus Investments Closes $7.4M Denver Multifamily Buy
Pegasus Investments closes a $7.4 million Denver buy on behalf of a high net worth family; Pathfinder Partners wraps up an opportunistic play with a $1.9 million sale in Pheonix; and NorthMarq Capital completes three multifamily transactions totaling $58.1 million on behalf of one borrower.
Urban Garden Unveiled at Rehabilitated Affordable Housing Buildings in Bronx
The New York City Department of Environmental Protection, Workforce Housing Group, Grow NYC, Banana Kelly Community Improvement Association, the Department of Housing Preservation and Development and other partners recently unveiled Kelly Street Green urban garden, which marked the final component of an extensive rehabilitation of five Bronx buildings.
Corvias Opens Unique On-Post Army Apartments at Fort Meade
Corvias Military Living has opened Reece Crossings, the Army’s first-ever on-post apartments for junior unaccompanied service members in Fort Meade, Md.
Berkshire Communities Property Manager Bradley Roschyk Named Apartment Manager of the Year by National Apartment Association
Berkshire Communities, the property management division of Berkshire Group, announced that Bradley Roschyk, property manager of the Verandas at Timberglen in Dallas has been named the 2014 National Apartment Association’s PARAGON Certified Apartment Manager of the Year.
Yardi Joins BOMA International as a Cornerstone Partner
Yardi, a leading developer of real estate investment management and property management software, announced that it has joined the Building Owners and Managers Association (BOMA) International’s Partnership Program.
Economy Watch: Existing Home Sales Rise, But Still Sluggish
Total existing U.S. home sales rose 4.9 percent to an annualized rate of 4.89 million units in May from an upwardly revised 4.66 million units in April, according to the National Association of Realtors.
APARTMENT MARKET STATISTICS: June 2014
Multifamily housing starts fell for the third consecutive month in February 2014, according to the National Association of Home Builders (NAHB).
CityPlace Mixed-Use Development in Houston to Include 268 Apartments
Patrinely Group, CDC Houston and USAA Real Estate Co. have unveiled their plans for the new CityPlace development, formerly known as Springwoods Village Town Center.
JB Matteson Acquires Mixed-Use Community in Petaluma, Calif.
JB Matteson has announced the acquisition of Theatre Square Apartments in Petaluma, Calif. The 99-unit, mixed-use community was purchased $32.5 million from the original developer.
TODAY’S DEALS: Balfour Beatty, Texas A&M Close $104M for 1,274-Bed Development
Balfour Beatty and Texas A&M kick off a public-private partnership development; Virtú Investments buys 112 units in Colorado; and Eastern Consolidated markets a development site in Long Island City, N.Y.