Regions
Charles M. Moran to Head Property Management at Vesta Corporation
Charles M. Moran, formerly a senior executive in operations with private company Conifer Realty and non-profit The Community Builders, joined the Vesta Management subsidiary of the Vesta Corporation.
Beech Street Capital Names Tyler Griffin Vice President of Originations at its NY Office
Beech Street Capital LLC, announced that it had promoted Tyler Griffin to the post of vice president of originations at its New York Office. Griffin will focus on multifamily and commercial real estate debt financing nationwide, with an emphasis on FHA programs.
New Condo to Rise Across From UN
Zeckendorf Development with Global Holdings have unveiled plans for 50 United Nations Plaza, a 44-story, 87-unit condo development across from the United Nations Headquarters in Manhattan.
TODAY’S DEALS: Ares Commercial Co-Originates $50.5M Acquisition Loan
Ares Commercial co-originates an acquisition loan; Ariel Property Advisors sells six buildings in Manhattan and the Bronx; and NorthMarq Capital funds a $13.7 million Freddie Mac financing at 80 percent of purchase price.
The Goldenberg Group Begins Construction on $100M Philadelphia Student Community
The Goldenberg Group, a Philadelphia-based real estate developer, has started construction on a $100 million student community redevelopment project.
Campus Apartments Appoints Vice President of Management Services
Campus Apartments, a privately held providers of student housing, announced the appointment of Casey Van Zandt to vice president of management services.
AvalonBay, Equity Residential Commit to Archstone Buy
AvalonBay Communities and Equity Residential have entered into an agreement with Lehman Brothers Holdings to acquire a respective 40 percent and 60 percent stake of Archstone Enterprise LP, a transaction that involves 66 communities across the country.
Mortgage Borrowers May Be Leaving Money on the Table by Using Less Effective Mortgage Shopping Strategies
A new study from Fannie Mae finds that many Americans do not adequately investigate or fail to understand fully the choices available to them when shopping for a mortgage.
CoStar Predicts Housing Shortages and Construction Boom
A new report by the CoStar Group shows that those worrying about housing shortages are justified, and an increase in construction should begin within the next year or two.
Economy Watch: Greece, Sandy to Cost Many Billions
At the conclusion of the latest round of marathon meetings in Brussels, euro-zone finance ministers optimistically asserted that they’ve hit on a formula for putting the Greek economy on a more sound footing.