Regions
Crescent Communities to Proceed With Apartments in Its Mixed-Use Development
Crescent Communities has unveiled plans for the 249-unit Crescent Gateway, an apartment property on land the company has owned for more than a decade.
Chetrit Group and Clipper Equity to Begin Leasing Development in Prospect Park
The Chetrit Group and Clipper Equity will soon begin leasing 123 on the Park, a new seven-story, 119-unit rental development, located in the Prospect Park South area of Brooklyn.
TODAY’S DEALS: Thackeray Partners, Greystar Land $25.2M Refinance for Florida Development
HFF arranges a refinance for a newly built Florida asset; Resource Real Estate sells a Philly high-rise to Treetop; and Beech Street closes a $34 million term loan to refinance a property.
Economy Watch: Tapering Continues, and So Do Low Interest Rates
The Federal Open Market Committee said that U.S. economic growth slowed during the winter months, mainly because it’s been a hard winter.
UDC Set to Break Ground on DFW Seniors Housing
Construction is slated to being in June on Rochester Springs Assisted Living and Memory Care in Mansfield, a suburb in the Dallas-Fort Worth metroplex.
Joint Venture Begins Construction on 84-unit Condo Community in Capitol Hill
Construction is underway on the second largest condominium development project in Washington, D.C., since the economic downturn. The project, The Maryland, is being developed by a Valor Development and DBT Development Group joint venture and Urban Pace.
TODAY’S DEALS: Carmel Partners Completes Orange County Apartment Sale
JLL brokers Carmel Partners sale of a 194-unit community; Cocke Finklestein grabs a Virginia asset for $14.1 million; and NorthMarq Capital finalizes $21 million in life company financing for an acquisition.
The P.B. Bell Companies Hires James P. Tainter as Vice President of Asset Management
Phoenix—P.B. Bell announced the appointment of James P. Tainter as vice president of asset management for P.B. Bell Asset Management Inc. He will oversee and grow the company’s commercial portfolio holdings and operations. Tainter possesses over 30 years of progressive experience in real estate ownership, asset management, brokerage, development, construction/project management, sourcing third party business, marketing and leasing, asset acquisitions/dispositions, and property management on a diverse base of commercial, industrial, retail and multi-family product types. He previously worked at Harsch Investment Properties, as senior vice president—regional manager in charge of Las Vegas, where he oversaw all market operations for 8…
Economy Watch: Housing Starts Stagnate in February
Housing starts in February came in at an annualized rate of 907,000 units, according to the Census Bureau.