Regions
Construction Begins on The Picerne Group’s 198-Unit Multifamily Development in Cerritos, Calif.
The Picerne Group has announced that it has broken ground on its latest development, Aria. The Class A 198-unit residential community will be located at the cross streets of Bloomfield Avenue and Artesia Boulevard across the street from the Cerritos Towne Center.
Wood Partners Promotes Two to Construction VPs for the East & West Divisions
Wood Partners announced that it has promoted Phillip Vetter and Eric Fisher to the position of vice president of construction.
Tavivian Sporn to Handle Exclusive Leasing at 15 West 55th, 70 West 45th
Assa Properties has selected the Tavivian Sporn Team at Douglas Elliman Real Estate to handle exclusive leasing for new inventory at 15 West 55th Street and 70 West 45th Street in Manhattan.
Economy Watch: Housing Price Appreciation Slows
S&P Dow Jones Indices reported that its S&P/Case-Shiller Home Price Indices were up 13.5 percent and 13.2 percent year-over-year, respectively, for its 10- and 20-city composite indexes in January.
Israeli Investor Clal Buys NJ Apartment Property
Clal US Waterton Associates have acquired Infinity Apartments, which is on Old River Rd. in Edgewater, N.J., for $48 million.
Gilbane Breaks Ground on New Student Housing in Ames, Iowa
Gilbane Development has announced that it has officially entered the Ames, Iowa student housing market with the ground breaking of 23 Twenty Lincoln, a 320-bed student community that will serve the student population of Iowa State University’s campus in Ames.
TODAY’S DEALS: AEW Secures $35M Refinance on Hoboken Apartment Community
HFF arranges a refinancing for AEW Capital Management; NorthMarq arranges a $32 million refinance for infill apartments in San Francisco; and Beech Street closes a $7.4 million loan for a Sacramento-Area acquisition.
Jonathan Rose Companies Developing Mixed-Use Community in South Orange, N.J.
Jonathan Rose Companies is developing Third & Valley, a 215-apartment, mixed-use community in New Jersey’s township of South Orange Village.
Yardi Division Lending Energy Management Perspective to Green Real Estate Conference
Yardi announced today that its expertise in energy management will help this month’s Green Real Estate Conference showcase the economic, environmental and competitive advantages of greening buildings.
Economy Watch: Home Price Rises Stall, Foreclosures Slow
Black Knight Financial Services released its latest Home Price Index report, which is based on January 2014 residential real estate transactions. There was no increase nor decrease month over month. Since last year, the index increased 8 percent, a slight drop in the rate from recent months.