Regions
Riorda, Ryan and Whelan to Open Lee & Associates’ First Office in Maryland
Lee & Associates has opened a Maryland office, which will provide an important link with its national and Northeast outreach.
Washington Heights Apartment Fetches $8.6M
500 Fort Washington Ave., an apartment building in the Washington Heights neighborhood of northern Manhattan, has traded hands for $8.62 million.
The Opus Group to Build Luxury Apartments in Kansas City
The Opus Group, a Minneapolis-based commercial real estate company, announced that its subsidiary Opus Design Build LLC is the design-build contractor for a new luxury community in Kansas City, Mo., called 51 Main.
Dweck Properties Acquires D.C.-Area Multifamily Community for Record Price
Dweck Properties purchased Archstone Crystal Towers, a 912-unit, transit-oriented, high-rise community located in Arlington, Va., from Equity Residential for $322.25 million, which was the largest sum ever paid for a single multifamily property in the Washington, D.C., region.
TODAY’S DEALS: Centerline Provides a $17.9M Affordable Loan
Centerline provides acquisition financing for an affordable asset; Kennedy Wilson buys a 366-unit property in Utah; and Grandbridge Real Estate Capital closes an $11.3 million first mortgage for a student housing community in Georgia.
Yardi Becomes Member of ORCA’s Founders Club with Participation in Data Collaboration Project
Yardi Systems announced its partnership with the Ontario Retirement Communities Association on a data collaboration project designed to collect and analyze key data elements associated with retirement communities in the province of Ontario.
Economy Watch: Consumers Still Confident About Housing
Consumers might still be a little leery about the broader economic recovery, but at least they’re fairly confident in the housing recovery.
InterfaceSERVICES Facility Earns LEED-CI Gold Certification
The facility dedicated to housing InterfaceSERVICES—the installation and maintenance business unit of modular carpet tile manufacturer Interface—has earned LEED-CI Gold Certification.
Chicago Student Housing Property Trades Hands for $58.5M
2 E. Eighth St., a 330-unit student housing property in downtown Chicago, has been sold for $58.5 million. The 28-story, 882-bed high rise is closest to Columbia College and Roosevelt University, but also houses students from other nearby schools.
The Marquette Companies Acquires 314-Unit Texas Community, Plans Renovations
The Marquette Companies, a Naperville, Ill.-based real estate company, has purchased a 314-unit community in Fort Worth, Texas.