Regions
Steve Yoon Joins Wood Partners as Vice President of Development for Northwest Region
Steve Yoon, a Seattle real estate investment professional with over eight years of experience in the region, has been named vice president of development for Wood Partners’ Northwest Region.
MBA Promotes Ken Markison to Vice President and Regulatory Counsel
avid H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), today announced the promotion of Kenneth A. Markison, Esq., formerly associate vice president and Regulatory Counsel, to vice president and regulatory counsel.
Groveton Green Maryland’s First Gold Certified LEED for Homes
Groveton Green Apartments, a 226-unit luxury apartment community in Owings Mills, Md., has been awarded LEED Gold certification from the U.S. Green Building Council.
Economy Watch: World’s Middle Class to Expand Mightily by 2030
The middle class in the developing world will indeed be developing quite rapidly in the next two decades, according to the United Nation’s Human Development Report 2013.
TODAY’S DEALS: SARES•REGIS Launches Value-Add Fund
SARES•REGIS Group launches a fund targeting western markets; Landmark Apartment trust announces plans to buy management operations of Elco Landmark Residential Housing; and Lee & Associates’ Berzack Group sells a 52-unit asset in Van Nuys, Calif.
Citi Provides $250M Financing for New York Affordable Housing
The Community Preservation Corp. has secured $250 million in financing from Citi for the construction, rehab and preservation of affordable housing in New York (state and city).
Monadnock Breaks Ground on Largest Affordable Community in Long Island City Development
The largest affordable housing community to be developed in New York City in more than 30 years has broken ground at Hunter’s Point South in Long Island City.
DAMAC Properties and Paramount Unveil $1B Luxury Hospitality Project in Dubai
Paramount Hotel & Resorts, the official licensee of legendary movie production studio Paramount Pictures, has partnered with real estate giant DAMAC Properties to develop a $1 billion four-tower mega project in the heart of downtown Dubai.
SPECIAL REPORT: Knakal Says New York City Sales Market is ‘Phenomenal,’ Land Prices ‘On Fire’
Robert Knakal, chairman of Massey Knakal Realty Services, said the New York City commercial property investment sales market is currently red hot, but warned that sustained periods of low interest rates lead to real estate bubbles.
Lowe Enterprises Investors Names New SVP
Andrew I. Sands has joined Lowe Enterprises Investors (LEI) as senior vice president to lead the firm’s growing multifamily investment activities.