Regions
Upper West Side Still Tops Among NY Apartment Seekers
Online searches are now SOP for anyone looking for a rental apartment or a for-sale condo, and according to digital marketing firm Knightsbridge Park, online search patterns offer clues to the state of a market.
Edward R. James Companies Constructing 29-Unit Townhome in Chicago’s North Shore
Edward R. James Companies has received approval from the Park Ridge Planning and Zoning Commission to develop Brighton Mews, a 29-unit luxury townhome development in the heart of Park Ridge, Ill.
TODAY’S DEALS: Walker & Dunlop Provides $278M Credit Facility
Walker & Dunlop secures a credit Facility for Milestone Apartment REIT; Greystone acquires a 228-unit asset in North Carolina; and Oak Grove Capital closes 13 loans totaling $123.4 million over the past month.
Mack Urban, Mill Creek Break Ground on $50M Playhouse District Project
A joint venture between Mack Urban and Mill Creek Development Company, including equity partner Cigna Investment Management, has announced it is breaking ground on a new $50 million, mixed-use, luxury community in the city’s historic neighborhood.
Economy Watch: Federal Deficit Continues to Drop
The federal government’s budget deficit dropped sharply in the first seven months of fiscal 2014 (beginning Oct. 1, 2013), according to a report by the U.S. Department of the Treasury.
William Neville & Sons Begins Construction on New Westchester County Condos
Work has started on the Cambrium, a new-construction condo development at 10 Bryon Pl. in Larchmont, N.Y.
Mack Urban Launches Multifamily Management Affiliate–Mack Urban Communities
Mack Urban, a partnership between New York’s Mack Real Estate Group and Los Angeles based Urban Partners LLC, announced today the launch of Mack Urban Communities, a new affiliate specializing in residential property management and leasing.
TODAY’S DEALS: Resource Real Estate Acquires Plano Apartment Asset
Resource Real Estate Opportunity REIT Inc. buys a 142-unit community in Plano, Texas; Cushman & Wakefield arranges $19.6M in acquisition capital for LCB Senior Living; and IPA brokers the sale of a 60-unit property in Culver City, Calif.
Related Beal Appoints John ‘Ted’ Lubitz Vice President
Related Beal announced it has appointed John “Ted” Lubitz as vice president.
Jasper Venture Group to Convert Queens Hospital to Condominiums
New York-based Jasper Venture Group has announced its plans to convert the vacant Parkway Hospital site in Queens’ Forest Hills neighborhood to luxury condominiums. The site features 107,142 square feet and a parking lot.