Regions
TODAY’S DEALS: Greystone Closes $43.8M for San Jose Asset
Greystone provides financing for a 434-unit community in San Jose; Enterprise Homes closes loans totaling nearly $30 million for two new affordable senior assets in Baltimore County; and Hudson Realty Capital funds a $5.5 million construction loan for a school conversion.
McCann Realty Breaks Ground on Second Phase of Florida Garden-Style Community
McCann Realty Partners LLC has started construction on the second phase of the Vista at Lost Lake Apartments in Clermont, Fla., which will include adding 192 units
Emirates Airline to Build Five Residential Towers at Dubai Silicon Oasis
Emirates Airline is adding to its rapid expanding aviation empire property development after recently signing an agreement with Dubai Silicon Oasis Authority.
Jones Lang LaSalle Launches Hong Kong Luxury Serviced Apartments
Jones Lang LaSalle has announced the launch of Hong Kong’s newest luxury residences.
Real Estate Capitals Teams With Vedura Residential to Develop $20M Apartment Community
Real Estate Capital Partners of New York and Vedura Residential of Scottsdale, Ariz., have formed a joint venture to develop Elevation Chandler, a 163-unit luxury apartment community located in Chandler, Ariz.
Five Oaks Investment Corp. Announces the Appointment of David Akre as Managing Director at Oak Circle Capital Partners LLC
Five Oaks Investment Corp. announced that David Akre has joined the senior management team of Oak Circle Capital Partners LLC, the Company’s external manager, as a managing director.
Housing Recovery Continues but Headwinds Remain
Buoyed by rising home prices throughout much of the nation, both single-family and multifamily housing starts are expected to post double-digit gains over last year in 2013.
Marcus & Millichap Promotes Joseph P. Thomas to Associate Vice President Investments
Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Joseph P. Thomas to associate vice president investments.
Marcus & Millichap Promotes James E. Kordell to Associate Vice President Investments
Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted James E. Kordell to associate vice president investments.
MARKET SNAPSHOT: Baton Rouge Posts Negative Rent Growth in Key Submarkets
Due to a marked lag in demand from 2008 to 2011, the city of Baton Rouge saw a precipitous decline in rent growth last year—falling from 4.2 percent to -0.3 percent overall.