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ATLANTA-HUD says locally based Znet Financial agrees to pay the Treasury Department $15,000 and 14 ReMax of Atlanta agents have agreed to refund a total $9,200, or $400 to each customer referred to Znet.
OAK PARK, IL-Despite reducing the size of its multifamily high-rise to 180 units, Whiteco Residential, LLC remains on hold while trustees mull what direction development of the southeast corner of Harlem and Ontario avenues should take.
MINNEAPOLIS-The 318-unit luxury residential project co-developed by Opus Northwest and APEX Asset Management expected to be complete in the spring. A higher percentage of buyers are from outside of Minneapolis.
PHOENIX-An investment group working under different entities sells two holdings located within miles of each other to separate California buyers. The seller is opting out of the properties in order to focus on new ventures.
NEW YORK CITY-Despite forward movements, legal issues with developer Larry Silverstein and Deutsche Bank and their insurance companies are complicating issues.
OAKLAND, CA-Adjacent to the Fruitvale Bart Station, Fruitvale Village initially consists of two mixed-use buildings containing apartments over office and retail space and an expansive pedestrian plaza. A second phase will include an additional 215 apartment units over more commercial space.
BOSTON-Dyer Properties purchases 44 Concord Square, a five-story brick building located in the city's South End neighborhood, for $3 million from Maverick Development. The 4,800-sf building was recently rehabbed into 16 studio apartment units, which are leased out as short term rentals.
HOUSTON-Axis Property Advisors takes over leasing duties from the building owner of the 105,145-sf 700 Rusk building in the CBD. The team, which beat out two other firms, will have to get aggressive to fill the building's holes.
FORT WORTH-The capital would repay the JV partners for their longtime layout to AmeriCold Logistics, a one-time revenue drain that's on the road to recovery. If the capital can be had, Crescent says it will be deployed for strategic office JVs.