Regions
One Museum Mile Attracting Local and International Buyers
More than half the homes at the new Fifth Ave. residential condominium One Museum Mile have closed or are in contract.
Economy Watch: Homebuilder Confidence Sees Downtick
For the homebuilding industry, the last year or so has been one of increasing optimism, buoyed by increasing sales.
New Owner for El Paso Apartments
Mountain Shadows Apartment Homes in El Paso has traded hands. Both the buyer and seller were private investors, with the seller based in Colorado but the buyer locally based.
Joint Venture to Develop Mixed-Use Community for the San Francisco Transbay Project
A joint venture, including Avant Housing LLC, AGI Capital Group, TMG Partners, CalPERS, Essex Property Trust and BRIDGE Housing, was selected to negotiate with the Successor Agency to the San Francisco Redevelopment Agency to build a mixed-used development on Transbay Block 9 in San Francisco’s SoMa District.
TODAY’S DEALS: Centerline Refinances Three Wisconsin Assets
Centerline provides $15.5 million for three Wisconsin properties; a 298-unit asset goes up for auction in Raleigh, N.C.; and NorthMarq Capital arranges $19.4 million, with prepayment and cash-out, in life insurance company refinance.
Thomas D. Beaton Promoted to Senior Vice President, Management
The Dolben Company Inc., a full-service Boston-based real estate company, announced that Thomas D. Beaton has been promoted from vice president of property management to senior vice president, management.
Grandbridge Real Estate Capital Promotes Dupree to Commercial Mortgage Loan Officer
Grandbridge Real Estate Capital has promoted Ben Dupree to commercial mortgage loan officer.
Behringer Harvard Founder Transitions to Chairman Emeritus
Effective immediately, Robert Behringer has resigned his position as chairman of Behringer Harvard Holdings LLC and has assumed the role of chairman emeritus.
Cohen Real Estate Marketing 3.38-Acre Multifamily Development Site Outside Twin Cities
Manhattan-based Cohen Real Estate is marketing a 3.38-acre development site just outside the Twin Cities in Edina, Minn., which is zoned for multifamily residential, senior housing, medical or retail.
Economy Watch: Bad News, Good News from Euro-Zone
Recent economic news from Europe has been in part discouraging, but (remarkably) there have been some relatively optimistic stories lately as well.