Regions
Wood Partners Begins Construction on 200-Unit Orlando Community
Wood Partners announced is has begun construction on a 200-unit community on Spring Lake at the entrance of Doctor Phillips, a residential district in Orlando, Fla.
Stephen York Named 2012 Arbor Top Producer
Stephen York was recently named the 2012 Arbor Commercial Mortgage top producer. York is a vice president at Arbor Commercial Mortgage, responsible for originating Fannie Mae, FHA, CMBS, Bridge, Mezzanine and Preferred Equity transactions nationwide.
TODAY’S DEALS: ARA Sells 180-Unit Asset in Texas
An Oregon-based buyer acquires a Texas asset; Marcus & Millichap sells a N.J. HUD community for $16.1 million; and Gebroe-Hammer completes four sales in Southern New Jersey/Philadelphia.
Sterling at Silverleaf Phase Two Coming to Scottsdale
Plans were finalized in mid-January for phase two of Sterling at Silverleaf in Scottsdale, Ariz. A dozen luxury villas starting at $2.2 million will break ground in early spring, with a phase three of 213 luxury condominiums to follow.
Economy Watch: Number of Marginally Attached, Discouraged Workers Down
At a net of 157,000 new jobs, the rise in employment during January wasn’t particularly strong, but there was other good news in Friday’s Bureau of Labor Statistics report.
Edison Village Slated for Spring Start
Edison Village in West Orange Township has won final site plan approval in preparation for construction to start this spring. The $230 million project is an industrial-to-residential adaptive reuse redevelopment of the historic Thomas Edison Invention Factory.
Jefferson Apartment Group to Develop Luxury Community Near Johns Hopkins
Jefferson Apartment Group recently broke ground on a residential community in East Baltimore near Johns Hopkins Medical Center.
TODAY’S DEALS: Beech Street Closes $70M for N.J. High-Rise
Beech Street Capital refinances a high-rise; Campus Apartments begins the second phase of a student housing overhaul at Shippensburg University; and Waypoint Residential acquires a suburban Atlanta community and expands its portfolio in South Carolina.
Ground Broken on Suburban Atlanta’s Avalon
Official groundbreaking has taken place on Avalon, an ambitious Alpharetta, Ga., development that combines residential, office, hotel, specialty retail, entertainment, restaurant and public spaces in one $600 million project.
Economy Watch: Job Creation Starts 2013 Lackluster
The U.S. economy created 157,000 jobs in January, according to the Bureau of Labor Statistics. That’s down compared with most months in 2012, which averaged about 181,000 jobs created per month, so 2013 is off to a tepid start.