Prominence
BRE Acquires 220-Unit Community for $56.5M
Valencia, Calif.–BRE Properties Inc. has acquired The Vistas of West Hills, a 220-unit property in Valencia, Calif. for approximately $56.5 million.
Crescent Resources Names Nina Shor Attorney General Counsel
Charlotte, N.C.– Crescent Resources LLC hired Charlotte real estate attorney Nina Shor to serve as general counsel and create the company’s in-house legal department. Shor brings more than 25 years of experience to the new post. Prior to joining Crescent, Shor helmed The Shor Law Firm PLLC in Charlotte. Her real estate development practice focused on community governance, builder programs, operating covenants and the acquisition of foreclosed properties for national developers. Shor also advised clients on marketing and land sales compliance, and advocated before the N.C. Building Code Council on compliance requirements. Shor has practiced law with firms in Charlotte,…
Development Team Chosen for Biggest NYC Affordable Housing Project in 40 Years
New York–The Hunter’s Point development will encompass 5,000 new housing units–75 percent of which will be reserved for low-, moderate- and middle-income families.
RealPage Launches Automated Repayment Program
Carrollton, Texas–RealPage, Inc. has launched an automated repayment service for its OneSite Affordable customers, giving property owners a new tool to recover lost revenue by more easily tracking subsidies tenants owe to the Department of Housing and Urban Development (HUD).
Reston Station Apartments May Begin Next Year
Reston, Va.–Ground breaking for the first component of Reston’s first TOD–a 1.3 million square-foot, mixed-use development–has been set for this spring.
Grubb & Ellis Creates Daymark Realty Advisors
Santa Ana, Calif.–Grubb & Ellis Company has created Daymark Realty Advisors, Inc., a wholly owned and separately managed subsidiary, to manage the company’s entire tenant-in-common portfolio.
Bovis Lend Lease Tapped to Build Mixed-Use TOD in Maryland
Odenton, Md.–The Village at Odenton Station, a 400,000 square-foot mixed-use residential project near Baltimore and D.C., moves closer towards realization.
Transwestern Expands Operations into New York
Houston—Transwestern has expanded into New York City through the creation of the firm’s Northeast region
Q&A with PSU’s Dr. Gerard Mildner
Portland State University is introducing a master’s program in real estate development this fall, making it one of only two universities in the Northwest to offer the degree.
Colliers Promotes Cooke to EVP of MF Investments
Phoenix–Colliers International in Greater Phoenix has promoted Cindy Cooke to the position of executive vice president of multifamily investments.