Tucson Apartments Fetch $11.5M
TUCSON—Hendricks-Berkadia announces the sale of Brookwood. The 272-unit apartment community was sold for $11.5 million. The seller was Desert Pines Properties, LLC, an affiliate of HSL Properties of Tucson; the buyer was Summit Brookwood I, LLC and Pacific Brookwood, LLC, an affiliate of Summit Equities of Los Angeles, CA.
NEW YORK CITY—Formerly an SVP at the firm, the appointee boasts nearly 30 years of experience in the shopping center industry.
STAMFORD, CT—The founder of Land and Buildings, which owns 6.1% of the hotel REIT’s stock, voiced his concerns in a letter made public on Monday.
NEW YORK CITY—Arie Barendrecht, founder of the company behind a certification system for commercial buildings’ Internet connectivity, cites committee members’ “broad base of industry knowledge.”
Despite the reports in the press about dysfunction at the White House, and other reports that various major legislation is hung up in Congress, don’t…