Regions
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.
Wood Partners Community in Hopkinton, Mass., Nearly Complete
Wood Partners has announced that construction is nearly completed at its $45 million development, Alta Legacy Farms, in Hopkinton, Mass. The 240-unit luxury community, located in the master-planned Legacy Farms project, opened for lease in July 2013 and is 43 percent leased.
TODAY’S DEALS: Bascom Buys 222 Units in Las Vegas
The Bascom Group picks up a Vegas apartment asset for $22.5 million; Greystone closes $59.3 million for a multifamily portfolio in Texas; and HAP Investments is in contract to buy a downtown site in Jersey City, N.J.
EAH Housing to Develop Affordable Bay Area Project
The City of Emeryville has tapped nonprofit developer EAH Housing, an affordable housing specialist, to develop a new mixed-use affordable apartment property at 3706 San Pablo Ave. in the city.
Affordable Seniors Apartments Unveiled in Citronelle, Ala.
AHEPA 310 of Citronelle, a new affordable senior housing complex in Citronelle, Ala., has been given its official opening ceremony.
Economy Watch: Economy Expands 2.6 Percent in Q3
The Bureau of Economic Analysis reported that real U.S. gross domestic product increased at an annualized rate of 2.6 percent in the fourth quarter of 2013.
Wood Partners Begins Work on Portland Multifamily Project
Wood Partners has broken ground on a 281-unit apartment community in the Pearl District of Portland, Ore.
TODAY’S DEALS: Avesta Completes Austin Apartment Acquisition
Avesta Communities expands in Austin; Oak Coast and IMG acquire a Seattle-area apartment for $21.9 million; and Commercial Mortgage Capital arranges a $14.27 million loan assumption for an 55-plus seniors property.