Prominence
Campus Advantage Announces $150 Million Joint Venture with Major Public Pension Fund
Campus Advantage has announced a $150 million joint venture with a major public pension plan that provides investment services to the benefit of public employees and state and local governments.
Upper East Side Condos Hit the Market
In yet another indication of the return of the NYC condo market from its zombie period (ending perhaps in 2012), 150 E. 72nd St. has launched condominium sales.
Yardi Signs On Again as an IREM Industry Partner
The Institute of Real Estate Management (IREM®) announced that Santa Barbara-based Yardi Systems Inc. has become a 2013 IREM® “Industry Partner” at the highest level of participation, continuing a long-time, mutually rewarding relationship between the two organizations.
Bellwether Enterprise Announces More Than $1.5 Billion in 2012 Production
Bellwether Enterprise announced it provided more than $1.5 billion in financing in 2012, including $1.2 billion since Bellwether Real Estate Capital merged with Enterprise’s Multifamily Mortgage Finance business in May of 2012.
McKinley and Avanath Capital Launch New Partnership
Albert M. Berriz, CEO McKinley, Inc. and Daryl J. Carter, founder, chairman and CEO of Avanath Capital Management, jointly announced the launch of “mckinley – avanath” a residential property management enterprise created to manage apartment home communities acquired by Avanath for its various investment platforms, as well as assets owned by institutional partners and clients.
Eastern Carolina’s North Campus Crossing Changes Hands
Student housing investment and development firm Pierce Education Properties, partnering with an affiliate of Core Properties, has acquired Phase I and Phase II of North Campus Crossing, an off-campus housing community serving Eastern Carolina University students.
NYC’s BlueWay Plan will Fortify East River Waterfront
New York City is planning to build a new storm barrier along the East River as part of a complete revamping of a four-mile long waterfront featuring wetlands, pedestrian bridges, mini parks, a continuous bike/walk path and even a sandy beach.
Pennrose Announces Lee Reedy as Vice President of Marketing
Pennrose, a real estate development and management company focused on multifamily communities, is announced that Lee Reedy has been named vice president of marketing.
Beech Street Once Again Captures Top-Producing Multifamily Lender Spots for Fannie Mae and Freddie Mac
For the second year running, Beech Street Capital LLC, placed third on Fannie Mae’s annual list of top multifamily loan originators.
The Bozzuto Group Celebrates 25th Anniversary With Several Key Promotions and a Leadership Transition
The Bozzuto Group announced several changes to its executive team as the company begins to celebrate its 25th Anniversary. The announcements were made today by The Bozzuto Group Chairman and CEO Thomas S. Bozzuto.