Regions
Partners to Build Apartment High-Rise in Houston
A four-way partnership has closed on land and financing for a new high-rise apartment in Houston, and has announced their attention to proceed with the project.
Crescent Resources Breaks Ground on $67M Mixed-Use Development
Crescent Resources has broken ground on a $67 million mixed-use development in Atlanta. The community, called Crescent Terminus, is the first multifamily community in Cousins Properties’ Terminus master development.
TODAY’S DEALS: IPA Brokers a 274-Unit Texas Sale
IPA arranges a Texas sale; Beech Street Capital provides $9 million for an off-market purchase in Texas; and Eagle Group Finance provides $1.4 million for the acquisition of entitled land near downtown Los Angeles.
VCC Hires Industry Leader to Head Servicing Division
Velocity Commercial Capital, a specialty finance firm focusing on originating, acquiring and securitizing small balance commercial loans, announces the addition of Jack Jacob to its senior management team.
Kettler Management President Cindy Clare Elected 2013 Secretary for the National Apartment Association
Kettler Management announced that its president, Cindy Clare, CPM, has been elected this year’s secretary at the National Apartment Association.
Randall Lofts Another Triumph for Downtown Ft. Wayne
The historic Randall Building in downtown Ft. Wayne is being converted to apartments in a $7.5 million renovation and adaptive reuse project being undertaken by Carmel, Ind.-based RealAmerica Development.
Economy Watch: Job Openings Up Since Early 2012
The Bureau of Labor Statistics’ JOLTS said that there were 3.7 million job openings on the last business day of January, little changed from the last business day of December.
Guardian Acquires Executive Asset Management
Guardian announced that it has acquired a controlling interest in Executive Asset Management (EAM), an Atlanta-based residential and commercial real estate management company. The terms of the transaction were not disclosed.
TODAY’S DEALS: Federal Capital Partners Buys Virginia Asset for $20M
Federal Capital Partners buys 127 units; Centerline Capital arranges $6 million for a Pennsylvania purchase; and Beech Street Capital closes $5.7 million Fannie Mae conventional loan.
ChargePoint Partners with NYSERDA to Install More than 80 Electric Vehicle Charging Stations in New York
ChargePoint recently installed an electric vehicle charging station at the Solaire, a multifamily community in Battery Park City in Manhattan. This installation marks the first of more than 80 planned EV charging stations throughout New York.