Regions
TODAY’S DEALS: Pinnacle Sells 304-Unit Apartment Near Dallas
Cortland Partners buys Texas asset from Pinnacle; CBRE/New England brokers the $7.8 million sale of a Section 8 property in Massachusetts; and BMC Capital provides a $2.8M loan and enables lower interest on foreclosed property.
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Join us for a webcast to obtain detailed instructions on how to benchmark and optimize your utility expenses.
Ritz-Carlton Residences to Set New Standard in Miami Beach Luxury
Lionheart Capital has announced plans to develop The Ritz-Carlton Residences in Miami Beach.
Economy Watch: Consumers Feeling a Little Glum
The Reuters/University of Michigan consumer sentiment index—which has looked something like a seismograph needle jumping up and down in recent years—dipped downward again to end October at 73.2, down from the end of September reading of 77.5.
Altman Begins Another Tampa Apartment Development
The Altman Cos. has closed on 10 acres in the Westchase neighborhood of Tampa, where it plans to develop a mixed-use property. The Altis at Highland Park will include 239 apartment units, with completion slated for the summer of 2014.
BRIDGE Housing Appoints Elizabeth Van Benschoten as CDFI President
BRIDGE Housing has appointed Elizabeth Van Benschoten as president of its CDFI (Community Development Financial Institution) affiliate, effective Nov. 4.
TODAY’S DEALS: Vantage to Acquire 650-Unit Apartment Outside Philly
Vantage enters a $70 million acquisition agreement; IPA brokers a Behringer Harvard sale in Connecticut; and IPA arranges a $31 million multifamily sale in Tampa, Fla.
Centerline Closes Choice Loan for Westwood Apartment Refinance
New York-based Centerline Capital Group has closed a $5.6 million Fannie Mae Choice Loan to refinance Sharon Towers Apartments in Los Angeles’ upscale Westwood neighborhood.
SyndicIT Announces ‘Go Digital at the Core’ Technology Solutions for the Apartment Industry
SyndicIT Services, a Hewlett-Packard , of Palo Alto, Calif., Silver Development Partner, announced a new comprehensive suite of technology solutions designed for owners and managers of multifamily properties.
Dominion Developing Green Community on Milwaukee’s East Side
A project intended to be a model for future sustainable design, development and construction in Wisconsin is rising on Milwaukee’s East Side.