Regions
New Condos Planned for Miami’s Brickell District
The Rilea Group has unveiled plans and started marketing efforts for the Bond at 1080 Brickell, a new 323-unit condo tower in the Brickell Financial District. Construction of the 44-story tower is set to begin in late 2013, with completion scheduled for mid-2015.
Joint Venture to Build Minneapolis-Area Multifamily Community
In a joint venture, Trammell Crow Company, through its subsidiary High Street Residential, and Investment Real Estate Trust Properties (IRET Properties) will develop a 260,000-square-foot multifamily community in Golden Valley, Minn.
Brooklyn Development Properties Acquired by Greystone
The New York City-based real estate development and financial services company Greystone has acquired two Brooklyn, N.Y., development properties totaling more than $50 million in value.
Economy Watch: Senior Home Builders More Optimistic
The National Association of Homebuilders said that its 55+ Single-Family Housing Market Index increased 19 points year-over-year to 46 in the first quarter of 2013.
High-Rise Apartments Break Ground in Seattle
GID Development Group has broken ground on a 41-story residential tower at 2030 8th Avenue in downtown Seattle. The property, which is across the street from Amazon’s new major office expansion, will include 355 units.
TODAY’S DEALS: Pollack Shores Adds Orlando Apartments to Portfolio
Pollack Shores Real Estate Group buys the 456-unit Sabal Palm at Metrowest II; Greystone acquires two development sites in Brooklyn; and Centerline Capital refinances an asset in Jacksonville.
Gates Hudson Adopts the Yardi Multifamily Solution
Yardi announced that real estate investment and management firm Gates Hudson selected Yardi Voyager™ as its new property management and accounting platform.
The Bozzuto Group and Peterson Companies Break Ground on the Esplanade at National Harbor
Financing has been completed and construction begun on The Esplanade at National Harbor, an apartment building to be developed at National Harbor in Washington, D.C.
Economy Watch: Strong Q1 for Fannie Mae
On Thursday, a day after Freddie Mac reported sizeable income in the first quarter, the considerably larger GSE Fannie Mae reported income of $8.1 billion for the first quarter of 2013, compared with income of $2.7 billion in the first quarter of 2012 and income of $7.6 billion in the fourth quarter of 2012.
Waterfront Property in Portland Bags $38.9M in Financing
Salpare Bay LLC has obtained $38.9 million in construction financing for the development of the first phase of the Residences at Yacht Harbor. When complete, the property will be a 373-unit waterfront apartment community in Portland.