Regions
Crossbeam Concierge Acquires Austin’s Parmer Place
Parmer Place, a 290-unit apartment community in the Tech Ridge submarket of Austin, Texas, has been acquired by Bethesda, Md.-based Crossbeam Concierge, a national real estate investment firm.
Economy Watch: Home Prices Continue Upward Trajectory
CoreLogic reported on Tuesday that U.S. home prices were up 6.3 percent year-over-year in October.
Union Station District Apartments Under Way
Work has started on Alta City House, a 281-unit apartment property in the Union Station neighborhood of Denver.
Ground Broken on Hudson Yards, The Largest Undeveloped Property in Manhattan
Construction began today at Hudson Yards, formerly the largest undeveloped property in Manhattan. Related Companies and Oxford Property Group broke ground on the site, which, when completed, will feature retail space and 5,000 residences.
TODAY’S DEALS: Prudential Mortgage Capital Provides $71M for Manhattan Asset
Prudential arranges $71 million for a Manhattan refinance; Camden Property Trust buys a development site in Florida; and Alliant Capital completes a $1.4 million refinancing.
New Boston Fund Names New VP of Acquisitions in the Southeast
New Boston Fund Inc., a private equity real estate investment, development and management firm, announced the promotion of David Schneider to vice president of acquisitions for the Southeast region.
Beech Street Capital Recruits Charlie Mentzer to Lead Atlanta Office
Beech Street Capital LLC announced that it has recruited Charlie Mentzer, an experienced originator with extensive agency experience, to manage the firm’s Atlanta office.
Freddie Mac Announces 17th Multifamily Securities Offering This Year, K-023
Freddie Mac announced a new offering of Structured Pass-Through Certificates, which are multifamily mortgage-backed securities.
Economy Watch: Construction Spending Edges Up in October
Spending on private construction came in at an annualized rate of $592.1 billion, 1.6 percent above September’s total of $582.7 billion.
Post Brothers Incorporates VITA Technology to Enhance Worker Safety
In a move that sets it apart from other real estate and construction companies, Post Brothers Apartments recently announced it will implement the VITA Products Inc. Emergency Response Profile (ERP) Safety Platform for its workforce.