Regions
Craig M. Robinson Joins Colliers as President
Colliers International announced that commercial real estate veteran Craig M. Robinson will take the reins as president of Colliers’ U.S. business, a newly created position.
LandSouth Construction Completes Multifamily Developments in FL and NC
LandSouth Construction has completed two new apartment communities: Lost Lake Resort Apartment in Jacksonville, Fla., and Phillips Research Park in scenic Durham, N.C.
Economy Watch: Fannie Mae Delinquencies Still Falling
Fannie Mae reported that its single-family serious delinquency rate declined from 2.33 percent in January to 2.27 percent in February.
Bascom Buys Vegas Multifamily for $22M
California-based Bascom Group has acquired Chapel Hill, a 222-unit garden apartment property at 9620 W. Russell Rd., Las Vegas, for $22.47 million.
Passco Acquires Class A Community in Raleigh, NC
Passco Companies has announced the acquisition of Carrington at Brier Creek for $37.3 million. The purchase of the Class A, 270-unit luxury garden-style community was on target for the company’s ongoing strategy to acquire high-quality core assets in high growth areas outside of primary markets.
Cristi Resciniti Promoted to CFO at Pennrose Management Co.
Cristi Resciniti, CPA, has been promoted to chief financial officer at Pennrose Management Co.
TODAY’S DEALS: Miami Waterfront Development Site Trades Hands
ARA brokers a multifamily development site in Miami Beach, Fla.; Berkadia arranges $86 million for 15 seniors housing communities in North Carolina; and an Israeli insurance company acquires its first multifamily property in the United States for $48 million.
Michael Daly Joins Jonathan Rose Companies as COO
Jonathan Rose Companies, a green real estate development, investment and project management firm, has named Michael Daly chief operating officer of the firm.
iStar Residential Breaks Ground on Sage in Scottsdale
Ground has been broken on the final phase of Sage, a luxury condominium community along the downtown Scottsdale, Ariz., waterfront.
Economy Watch: Personal Income, Expenditures Up in February
Personal income increased $47.7 billion, or 0.3 percent, in February, according to the Bureau of Economic Analysis.