Not Endorsed
Fairfax County, Va. Honors Home Properties for Commitment to ‘Green’ Construction
The Fairfax County Department of Public Works and Environmental Services has presented a Land Conservation Award to the newly constructed apartment community, The Courts at Huntington Station in Alexandria, Va., owned by Home Properties, Inc.
Resident Sweepstakes Program Encourages Residents to Pay Rent Electronically
PropertyBridge, Inc. has announced the winner of its $10,000 Resident Sweepstakes program. Molly Charpentier, resident of Heritage Park Senior Community in Alta Loma, Calif. won the PropertyBridge Resident Sweepstakes $10,000 grand prize.
U.S. Energy Group’s iPhone App Allows Easy Control for Property Managers
The U.S. Energy Group has released USE-Mobile, providing property managers with the ability to control their buildings with their mobile devices, including iPhones, Blackberrys and other smart phones.
Newly Opened Brooklyn Condo 50% Sold
Steiner NYC, developer of Steiner Studios and 80 Metropolitan, Williamsburg’s new midrise, loft-inspired condominium, has received FHA approval, meaning that borrowers can now get mortgage loans with low down payments – as little as 3.5 percent—and easier credit qualification.
Most Renters Will Celebrate Valentine’s Day, Survey Finds
A recent survey conducted by Apartments.com found that more than half renters are celebrating Valentine’s Day this February. The survey talked to more than 900 renters.
RCA Acquires Dr. Sam Chandan’s Real Estate Econometrics
Real Capital Analytics (RCA) has acquired Real Estate Econometrics (REE), a company founded by Dr. Sam Chandan in 2008 to offer strategic insight into policy and regulatory initiatives impacting commercial real estate, as well as commercial mortgage and equity investment surveillance.
Marcus & Millichap Lists $10.9M REO Waterfront Site
Marcus & Millichap Real Estate Investment Services has retained the exclusive listing for Mizner Lakes, a 21.49-acre REO waterfront development site in West Palm Beach. The listing price is $10,992,000, or $16,000 per buildable unit.
Brookdale Acquires Remaining Interests in Properties for $102M
Brookdale Senior Living Inc. completed the acquisition of three retirement center communities that it previously managed. The aggregate purchase price for the communities was $102 million. Brookdale had previously owned a minority, though non-financial, interest in the communities.
Colliers Directs $9.25M Note Purchase From China Trust Bank
Colliers International has directed the notes sale of a 51,729-square-foot multifamily property at 18557 Saticoy Street in Reseda, Calif. The sale is valued at $9.25 million.
NorthStar Announces $95M Sale of Assisted Living P/F
NorthStar Realty Finance Corp. sold 18 assisted living facilities, containing approximately 1,300 beds, located in North Carolina to a private investor group for $95 million.