Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https://www.linkedin.com/in/ioana-adriana-pop-811772108/.
MARKET SNAPSHOT: Apartment Boom Underway in Indianapolis, Vacancy on the Rise
Indianapolis job gains are expected to generate significant renter demand, but not enough to counterbalance the surge in rental construction.
Industry House Sells in Canberra’s Largest Office Transaction This Year
UK-based Brompton Asset Management has acquired the 15-story Industry House building in the Canberra commercial business district for $151.7 million. The transaction ranks as the largest deal of its kind in the capital city’s office market this year.
Crescent Communities Offers Larger Apartments in $40M Multifamily Development
Crescent Communities of Charlotte has announced plans to develop Crescent Main Street, a $40 million multifamily community in Durham’s Ninth Street district.
Brookfield’s Canadian REIT Acquires Bay Adelaide Centre East in Downtown Toronto
Brookfield Canada Office Properties has announced the acquisition of the Bay Adelaide Centre East office tower in downtown Toronto from its parent company, Brookfield Office Properties Inc.
Hines CalPERS Russia Long Term Hold Fund Acquires Stake in Moscow’s Metropolis Mall
A real estate fund managed by Morgan Stanley Real Estate Investing (MSREI) has announced the sale of a stake in the Metropolis Shopping and Entertainment Mall in Moscow to the Hines CalPERS Russia Long Term Hold Fund (HCRLTH).
Kennedy Wilson Acquires Premier Residential Property in Dublin
International real estate investment and services firm Kennedy Wilson has purchased a 50 percent interest in a premier 420-unit multifamily asset located on the south bank of the River Liffey in Dublin.
Select Property Announces Sale of Most Residences at West Avenue in Dubai Marina
Just five months after launching the project, Select Property has sold over 90 percent of the units at West Avenue, the first new residential tower in Dubai Marina since 2008.
Construction to Begin on Britain’s Most Sustainable Commercial Facility
The University of East Anglia (UEA) in Norwich, England, is about to break ground on the Norwich Research Park Enterprise Centre, an academic and office facility that promises to become the greenest commercial building in the United Kingdom.
Daisho Group Launches $300M Speculative Office Project in Brisbane’s CBD
Japanese developer Daisho Group has recently broken ground on a $300 million office tower in Brisbane, the capital and most populous city in the Australian state of Queensland.
Gaia Pays $55M for Two East Providence Multifamily Communities
Gaia Real Estate has purchased the Winchester Park and Winchester Wood multifamily communities in East Providence for $55 million or $115,000 per unit.