Regions
Hunington Ready to Build More Multifamily in Houston
Hunington Residential Inc. has acquired nearly eight acres off the northwest corner Barker Cypress and Park Row in Houston’s Energy Corridor. The company plans to develop 382 apartments and townhomes on the site.
TODAY’S DEALS: BC Property Investments Buys Boca Apartments for $80.3M
ARA brokers Capri Capital’s sale of a luxury apartment asset in Boca Raton, Fla.; The Praedium Group buys a 224-unit community in Phoenix; and a Stockbridge affiliate grabs a 108-unit community in Massachusetts.
The Marketing Directors Expands NYC Office with New Hire
Dailey Wiese, a real estate professional with hands-on experience in the architecture and design industries, has joined The Marketing Directors as a marketing coordinator.
Capstone Awarded Management of Fort Worth Seniors Community
Management of a Fort Worth, Texas, luxury independent retirement community has been awarded to Capstone Real Estate Services Inc.
Economy Watch: World Bank Lowers Global Growth Predictions
Last week the World Bank, in its Global Economic Prospects, lowered its forecast for world economic growth in 2014
TODAY’S DEALS: NorthMarq’s Orlando Office Completes $38.6M CMBS Loans
NorthMarq Capital arranged financing for two multifamily transactions, one with interest-only; and CBRE/New England facilitates a $1.6 million sale of an East Boston industrial property that will be converted to transit-oriented residential use.
Tower Companies Gearing Up for Redevelopment of The Blairs Community
Tower Companies and partners Jeffrey and Gary Abramson presented new renderings of the first two proposed residential towers in the nearly $850 million, 27-acre ‘City Within a City’ redevelopment at The Blairs community in downtown Silver Spring, Md.
Robinson Development Begins Work on Richmond-Area Apartments
Robinson Development Group and Drucker and Falk have broken ground on a new 255-unit apartment development in Chesterfield County, Va. The project will be on 18 acres on Charter Colony Pkwy. within the mixed-use CenterPointe development.
DDG To Design New Development at Dubai’s Jumeirah Golf Estates
A major international competition undertaken by Jumeirah Properties of Dubai, UAE, has resulted in a triumph by DDG, the U.S.-based planning, design, architecture, interiors and graphics firm.
Economy Watch: Retail Sales Up in May
The Census Bureau reported that U.S. retail and food sales in May were up 0.3 percent compared with April, adjusted for seasonal variation and holidays, but not for price changes (though inflation is still pretty low).