Regions
Inland American Acquires Student Housing Property at TCU
Inland American Communities has acquired The VUE, a fully developed student housing property located on the Texas Christian University campus in Fort Worth, Texas.
Pennrose and Blue Sea to Redevelop Prospect Plaza
The New York City Housing Authority and New York City Housing Preservation and Development have tapped Pennrose, a multifamily specialist based in Philadelphia, to be a co-developer on Brooklyn’s Prospect Plaza redevelopment.
TODAY’S DEALS: Vesper Acquires Texas Student Housing Asset
Vesper Holdings buys a 450-bed asset; The Bascom Group completes a Colorado sale with help from ARA; and Alliant Capital completes a $2.1 million loan.
Michael Steiner to Lead Corvias Group’s Military Housing Division
Corvias Group, a privately owned, vertically integrated real estate group, announced that Michael Steiner has been promoted to managing director of the company’s military housing division, Picerne Military Housing.
Arbor Appoints Todd Hirsch Executive Vice President, Head of CMBS Finance and Distribution
Arbor Commercial Mortgage LLC (Arbor) today announced the appointment of Todd Hirsch as executive vice president, head of CMBS Finance and Distribution.
Gvest Partners Adds John Bell, Launches Multifamily Platform
Real estate veteran John Bell has joined Gvest Partners, where he will be launching a multifamily platform for the privately owned investment partnership.
Commercial/Multifamily Mortgage Debt Increases by Largest Amount Since 2008
The level of commercial/multifamily mortgage debt outstanding increased by $21.8 billion, or 0.9 percent, in the fourth quarter of 2012, as all four major investor groups increased their holdings, according to the Mortgage Bankers Association.
L.A.’s 8500 Burton Way Captures Prestigious Award
The Los Angeles Business Journal has honored Bernards and Caruso Affiliated with its 2013 Commercial Real Estate Gold Award in the Mixed-Use category.
Economy Watch: Employment Up Ahead of Sequester
In creating 236,000 jobs in February, as the Bureau of Labor Statistics reported, the economy surprised on the upside, since some economists had fretted that the looming sequester might have made employers nervous.
Joint Venture Buys N.J. Student Housing Community for $44M
A joint venture has obtained a $44.1 million loan to acquire a 674-bed student-housing community, Rockoff Hall, in New Brunswick, N.J.