Regions
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.
TODAY’S DEALS: Queens Development Site Sells for $10.2M
Marcus & Millichap brokers the sale of a development site in Flushing, N.Y.; NorthMarq secures $11.6 million for student housing serving Virginia Commonwealth University; and IPA arranges a $26 million sale in Greater Phoenix.
Economy Watch: Personal Income, Spending Up in May
The Bureau of Economic Analysis reported that U.S. personal income was up $58.8 billion, or 0.4 percent, in May compared with April.
Keeping the Faith in Philly: Barzilay Develops Apartments Within a Church
Try to convince Barzilay Development founder and CEO Alon Barzilay that someone should preserve and redevelop Philadelphia’s historic structures, and you’d surely be preaching to the choir. Barzilay has announced his company’s Sanctuary Lofts, an apartment project built within a 125-year-old church, is now available for lease.