Regions
RIVERGATE | KW Management Launches Multifamily and Commercial Property Management Firm
Two veteran real estate investment, management and consulting companies have announced the formation of RIVERGATE | KW Management, a new entity focusing on multi-family and commercial property management.
TruAmerica Multifamily Acquires Northern California 180-Unit Community
TruAmerica Multifamily has acquired Summit at Paradise Valley, a 180-unit apartment community in Fairfield, Calif., for $26 million.
Economy Watch: IMF Boss Expects Expanding Growth
The global economy ought to strengthen in the second half of 2014, and accelerate even more in 2015, International Monetary Fund Managing Director Christine Lagarde said.
Rockstreet, ApexOne Buy East Texas Student Housing Property
Rockstreet Partners, a Dallas-based real estate investor, and Houston-based ApexOne Investment Partners, have acquired Brook Place Apartments, a 532-bed student housing property. The community is near Sam Houston State University in Huntsville, Texas, which is north of Houston.
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.