Regions
IMMOFINANZ Subsidiary Grows Portfolio with $50M Berlin Residential Portfolio
BUWOG, a wholly owned subsidiary of IMMOFINANZ Group, has announced the acquisition of a 1,185-unit residential portfolio in the greater Berlin area, stemming from an insolvency estate.
Extell Development Co. Launches Sales in NYC’s Upper West Side Luxury Condos
Extell Development Company has begun selling units at One Riverside Park, a luxury condominium on the Upper West Side’s Riverside South.
First Advantage Enhances Resident Screening Through Integration With Experian RentBureau
First Advantage, a Symphony Technology Group (STG) company, announced details of its collaboration withExperian RentBureau®, the largest rental payment database in the multifamily industry.
Economy Watch: Fed Mulls Tapering in the Near Future
The Federal Open Market Committee released the minutes from its Oct. 29-30 meeting, and one of the more closely watched subjects taken up in was tapering.
Harlem Cooperative Picks Halstead as Property Manager
Maple Plaza, a New York City Housing Development Corp. cooperative at 1919 Madison Ave. in central Harlem, has tapped Halstead Management Company LLC to provide property management for the building.
TODAY’S DEALS: Berzack Completes Sale of Mixed-Use Land Site for 54 Apts.
An apartment site entitled for 54 units was sold in N. Hollywood, Calif.; and Essex brokers the sale of a building In Evanston, Ill.
Supportive Veteran Housing Community Opens on Former Indianapolis Brownfield Site
Timed to coincide with the 150th anniversary of President Lincoln’s Gettysburg Address, members of public and private organizations along with the City of Indianapolis held a ribbon cutting ceremony Tuesday to mark the opening of The Lincoln Apartments, a 75-unit supportive housing community that will serve homeless veterans.
The Community Preservation Corporation Appoints NYS Affordable Housing Industry Leader to its Board
The Community Preservation Corporation, a mortgage lender for multifamily affordable housing, announced today the appointment of Felice Michetti to its board.
Construction Starts on Ismael Leyva Architects’ Designed Condominium
Construction got underway this fall on The Charles, a new luxury residential building at 1355 First Ave. on Manhattan’s Upper East Side.
Economy Watch: Bernanke Defends Fed Stimulus
Probably with an eye toward his legacy, Fed Chairman Ben Bernanke spoke at the National Economists Club Annual Dinner in Washington, defending his actions as chairman and offering some reasons for the continued bond-buying program.