Regions
Pennrose Announces Linda Veregin as Regional Vice President
Pennrose, a real estate development and management company focused on multifamily communities, announced that Linda Veregin has been named regional vice president.
TODAY’S DEALS: Bascom Acquires Phoenix-Area Asset for $35.2M
Bascom acquires a 352-unit asset in Chandler, Ariz.; Senior Living Investment Brokerage facilitates two Oregon sales; and Lee & Associates closes an eight-unit, $1.4 million sale in Glendale, Calif.
Next Phases of Northwest Gardens Break Ground in Ft. Lauderdale
Ground has been broken on Phases II and IV at Northwest Gardens in Ft. Lauderdale, Fla.
Consumers’ Positive Housing Attitudes Withstand Fiscal Concerns
Consumer confidence in the housing recovery remains firm in the face of budget sequestration and other fiscal policy concerns, according to Fannie Mae’s March 2013 National Housing Survey results.
Economy Watch: Jobs Report Weak, But Not All Bad
March’s jobs report from the Bureau of Labor Statistics was a disappointment for a number of reasons, beyond mere lackluster U.S. job growth for the month itself.
Fannie Mae Marks 25 Years of Multifamily Market Financing Through DUS(r) Program
This month Fannie Mae marks the 25th anniversary of its Delegated Underwriting and Servicing (DUS®) program, a unique risk-sharing model that provides financing to the multifamily housing market.
Auction.com Promotes Jake Seid to Co-President and Opens Silicon Valley Office
Auction.com announced that it has promoted Jake Seid to co-president, with shared oversight of all day-to-day operations, and established an office in Belmont, Calif., to tap the talent pool in Silicon Valley.
TODAY’S DEALS: Mack-Cali Completes an $88M Acquisition
Mack-Cali completes a Boston-area buy; Venture West Funding arranges $13 million for three Texas assets; and Hudson Realty funds $17 million for the acquisition of a historic industrial building in DUMBO.
Joint Venture Begins Construction on $38M Transit-Oriented Community
Wood Partners and the Ustler Group have begun construction on a $38 million multifamily community. The five-story, 248-unit property called The Ivy—Residences at Health Village will be located in the Florida Hospital Health Village in Orlando.
REIT Buys REO Apartments in Lexington
Resource Real Estate Opportunity REIT has acquired two apartment properties in Lexington, Ky., called Kenwick Place and Canterbury Apartments. The two are adjacent to each other and include a total of 244 units.