Regions
Rockstreet Partners JV Acquires Student Housing Community in Bryan, Texas
Rockstreet Partners has announced that it has acquired College Edge Apartments in Bryan, Texas, after entering into a joint venture with ApexOne Investment Partners to own and operate the asset.
Joint Venture Condo Development Set for NYC’s Upper East Side
Zeckendorf Development, Global Holdings and Park Sixty are developing 520 Park Ave., a 51-story luxury residential tower located at East 60th Street between Park and Madison Avenue, on Manhattan’s prestigious Upper East Side.
Economy Watch: Serious Residential Delinquencies Still on Downward Path
Freddie Mac reported that its single-family serious delinquency rate dropped from 2.34 percent in January to 2.29 percent in February.
Melos Group Tops Off Miami Apartment Development
Flagler on the River, a rental tower currently under development by the Melo Group, recently topped-off construction at 32 stories.
TODAY’S DEALS: Kennedy Wilson, Capri Capital Buy Suburban Seattle Apartments
An apartment in Bothell, Wash., trades for $45.8 million; Waterton Associates completes a 100-unit purchase in New Jersey; and a Hollywood micro-unit building trades for $14.75 million.
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.