News
Olympic Residential Starts Apartment Project in Berkeley
Olympic Residential Group has broken ground on a mixed-use development at 2121 Dwight Way in Berkeley, Calif., with 99 residential units.
New Philadelphia Community to Feature Covered Garage as an Amenity
Mack-Cali and Parkway Corp. have formed a joint venture to develop a multifamily property at 709 Chestnut St. in Philadelphia.
JLL Arranges Record Breaking Deal for Helsinki Development Project
The REDI Shopping Centre development project in Helsinki is well underway as a financing deal has been struck with a syndicate of banks.
122-Room Lexington Klapa Resort Opens in Bali
Vantage Hospitality Group has recently opened a new Lexington by Vantage-branded hotel in Bali, Indonesia.
Putting a ‘Rockefeller Center-Type’ Development in Miami
Swire Properties Inc. has topped off REACH, the second of two premier luxury condominium towers to top off at the $1.05 billion master-planned Brickell City Centre.
Detroit Getting First Luxury Apartment Building in 25 Years
Downtown Detroit will soon see its first brand-new, mixed-use luxury apartment development in more than 25 years.
Economy Watch: CRE’s a Hedge Against Inflation, But So What?
Inflation is about as dangerous as an after-dinner mint these days, which casts some doubt on commercial real estate’s traditional role as a hedge against inflation.
TODAY’S DEALS: Hunt Mortgage Supplies $44.4M Full-Term, Interest-Only Loan
Hunt Mortgage Group provides a $44.4 million Freddie Mac loan to facilitate the acquisition and upgrade of a multifamily property; and Walker & Dunlop structures a $54.8 million Fannie Mae loan.
Upgrading to ‘Current Luxury Levels’
Pollack Shores Real Estate Group has acquired The Vinings at Delray Beach, a 228-unit apartment property in Delray Beach, in South Florida.
Stage One of Stockland Wetherill Park Retail Center Completed
The first phase of a comprehensive redevelopment at the Stockland Wetherill Park shopping complex has reached completion according to the contractor, Brookfield Multiplex.