Development
TODAY’S DEALS: Forest City Completes $70.5M Miami Disposition
Forest City sells a $70.5 million asset in southwest Miami; Cassidy Turley secures $85 million in construction financing for a Reston, Va. trophy property; and Encore Multi-Family breaks ground on a $32 million development in Dallas.
MHN Interview: New Trends for The Michaels Development Co.
The Michaels Development Co., part of The Michaels Organization, has announced that Ava Goldman has been named the new president of the company. MHN talks to Goldman about her new role and why she’s focusing on mixed-use developments.
Shipping Container Construction: A New Take on Modularity
Three Squared and other developers are using containers, which are built of steel and wood, as the primary framing material for new construction. They are stackable, durable, versatile, widely available and code-friendly.
TODAY’S DEALS: Crescent Resources Begins $67M Atlanta Development
Crescent Resources breaks ground in Atlanta’s Terminus development; Continental Realty Advisors sells a Phoenix asset for $50 million; and EdR announces $152 million in year-end activity.
MHN TV: Winning Spaces on a Budget
MHN Excellence Award judge Manny Gonzalez is a principal at KTGY Architecture + Planning. He shares his observations about successful multifamily projects and trends such as outfitting outdoor common areas with both fire and water features.
TODAY’S DEALS: TIAA-CREF Buys Into Manhattan’s Tallest Rental
TIAA-CREF becomes the 49 percent owner of 8 Spruce Street; The Dermot Co. and AFL-CIO break ground on Manhattan’s Upper West Side; and Johnson Capital arranges a FHA 223(f) refinance loan at interest in the 2 percent range.
TODAY’S DEALS: Lynd, Endeavor Begin 36-Story Luxury Asset in Austin
A joint venture breaks ground on a luxury Austin asset; Oden Hughes begins a 570-unit community also in Austin; and KeyBank Real Estate provides $45.7 million in Fannie Mae and bridge loans for Atlanta properties.
PROFILE: TD Bank Eschews Bailout, Provides Consistent Financing
TD Bank regards its reliability for customers—the noted ability to continue to support borrowers through tough economic times—as one of its competitive advantages.
Special Report: Top CEOs Discuss the Post-Recession Investment Environment
The 2012 Global Real Estate Markets Conference hosted by the James A. Graaskamp Center for Real Estate (Wisconsin School of Business) featured a premier keynote panel with some of our industry’s top CEOs.