Residential

Miami CRE Pros Shine Light on Opportunities, Challenges

MIAMI—Blanca Commercial Real Estate's Danet Linares tells GlobeSt.com's Jennifer LeClaire mass transit is Miami’s Achilles heel right now.

McShane Hired for Next Phase of $183M Wells Redo

CHICAGO-The former large housing project has finally been fully demolished, and this next building will include mixed-income housing and a medical office.

Reznick, Cohn Merger Positions New Firm as Big Four Alternative

BETHESDA, MD-The merger of the Reznick Group and J.H. Cohn will create an organization with a larger public presence, allowing for a greater focus on REITs, David Kessler tells GlobeSt.com's Erika Morphy.

M&M: Apt. Rents To Keep Rising, Vacancy Rates Falling in 2012

ELMWOOD PARK, NJ-Demand surge for rentals will counteract impact of 2,400 new units coming online.

ViaWest Acquires Remaining Timberline Units for $8M

FLAGSTAFF, AZ-The Phoenix investor ends up with 102 multifamily units from the original 204 converted into condo units during the mid-2000s.

Foreign Investors Fuel Miami Home Price Hikes

MIAMI—Benworth Capital's Bernie Navarro tells GlobeSt.com's Jennifer LeClaire he is seeing an uptick in loan volume and the loan amounts.

INDUSTRY RESEARCH
Existing Homes Sales Rise in April

WASHINGTON, DC-Despite home sales rising, there's still good news for multifamily investors, NAR's Lawrence Yun tells GlobeSt.com's Erika Morphy. Household formation is strong enough to support both trends.

Enterprise Launches New Green Retrofit Program for Affordable Housing

NEW YORK CITY-Bomee Jung, senior program director of Enterprise’s green program, tells GlobeSt.com’s Jacqueline Hlavenka about how the organization is helping to transform low-income properties into high-performance buildings.

W Fort Lauderdale Condos Gain Traction With Foreign Buyers

FORT LAUDERDALE, FL—Foreign buyers and institutional investors have bought almost all of the 5,100 units constructed since 2003.

Beech Street Provides $68M For Mid-Atlantic MF Portfolio

PHILADELPHIA-The portfolio consists of four properties totaling 1,106 units located in the Philadelphia-Camden-Willington MSA.

EXCLUSIVE
First Group of Harrison Station Rentals Are Fully Leased

HARRISON, NJ-Concessions at the 275-unit complex have been dropped after six months, GlobeSt.com has learned exclusively.

Related Cos. Reintroduces 225 Rector Pl. to the Market

NEW YORK CITY-With previous developer Yair Levy out of the picture, the owner/manager has brought in a new designer and fresh amenities to attract buyers back to Battery Park City, Related’s Sherry Tobak tells GlobeSt.com’s Jacqueline Hlavenka.

Panasonic Chief Named "Smart Growth Visionary" For Choosing Newark

TRENTON-The 25-year-old organization is to honor Taylor, and seven Smart Growth Award-winning projects and plans at a June 7 dinner at the Newark Club.

Madison Realty Capital Takes Title at 385 Union Ave.

NEW YORK CITY-The Manhattan-based institutional investor resolved a troubled situation at the Williamsburg site, purchasing the note and the deed on the six-story, 53,000-square-foot property for $21.5 million.

Utility Ecosystem Key to Energy Efficiency

WASHINGTON, DC-Speakers at the Alliance to Save Energy conference talk about how to further drive energy efficiency—or rather, productivity—among businesses and consumers.

Up Close With Phil Wharton, Brookfield’s New Development Guru

NEW YORK CITY-The senior vice president and head of development talked with GlobeSt.com’s Jacqueline Hlavenka about the company’s plans for apartments on the Far West Side, Manhattan office developments and other sites for new construction.

111 Kent Ave. Changes Hands for $56M

NEW YORK CITY-The Manhattan office of Stellar Management has sold the apartment building to Glendale, CA-based American Realty Advisors, GlobeSt.com has confirmed.

Builder Confidence in Single-Family Home Market Rises

WASHINGTON, DC-The National Association of Home Builders/Wells Fargo Housing Market Index holds interesting long-term implications for multifamily building strategies and the private-equity plays of investing in foreclosed homes.

Miami Beach Gets In On Next Wave of Condo Development

MIAMI-If three projects in the pipeline are approved, it means hundreds of new residential units coming online in the next two to five years.

Donald Layton Reportedly New Freddie Mac CEO

McLEAN, VA-The GSE hasn’t confirmed an appointment, but the rumor mill is certain that the former CEO of E*Trade has been tapped.

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LAST WEEK'S POLL

Penner, Mirante, D'Arcy . . . High-Level Resignations Mean . . .

GlobeSt.com Viewers See More C-Suite Turnover
NEW YORK CITY-Nearly two-thirds of respondents to a GlobeSt.com poll said recent high-level resignations either portend more to come or prove that the industry needs to work on succession planning.

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Events

Register now for RealShare ORANGE COUNTY 2012--the leading real estate networking conference for the local commercial real estate market!
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Featured Event
RealShare STUDENT HOUSING


We've gathered 50 of the biggest players in the Student Housing community to discuss the latest trends of the industry: everything from marketing and leasing to what industry leaders have to say to debt and equity to investment sales opportunities.
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Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda

December 07
November 23, 2011
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.

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User's Choice

Dalian Wanda Takes AMC Theaters for $2.6B

BEIJING-Dalian Wanda’s buy of Kansas City, MO-based AMC creates the world’s largest theater chain, with 432 locations in North America and China.