News
December Rentals Reflect Some Stability in New York
According to real estate brokerage MNS’s December rental market reports for Manhattan, Brooklyn and Queens, relative market stability is reflected with few surprises and only slight changes due to inventory levels.
Central Equity Appoints Brookfield Multiplex to Deliver High-End Apartment Tower in Melbourne
Central Equity has selected global contractor Brookfield Multiplex for the development of a 46-story residential tower at 601 Little Lonsdale Street in Melbourne’s CBD.
CGD and Four Seasons Announce Waterfront Luxury Project along Bangkok’s Chao Phraya River
Country Group Development and Four Seasons Hotels and Resorts have partnered up to develop a new luxury hotel and residential project on the Chao Phraya River in the capital city of Thailand.
Mauritius Resort Hotel Picked Up for $72 Million
CPA®:18 –Global, one of W. P. Carey Inc.’s managed non-traded REITs has acquired La Plantation d’Albion Club Med, the parent firm announced.
Weston Homes to Redevelop Historic Wellcome Factory Site in Dartford
Essex-based house builder Weston Homes recently acquired a historic, 7.59-acre property in Dartford, 16 miles away from central London.
As Rents Rise, This New Condo Seizes Advantage
P.T. Blooms is developing Banneker Hill, a seven-home condominium in Washington, D.C.’s burgeoning 14th Street corridor.
Economy Watch: Retail Recovery at a Snail’s Pace
Reis released its latest quarterly report on the U.S. retail real estate market.
Reading the Market: Carroll Organization Sells Two Houston Apartments
Carroll Organization, a privately held multifamily specialist, has completed the sale of Arium Westheimer and Arium Westheimer Villas, both located in Houston, for an unspecified price.
Carnegie Wins Two GOOD Design Awards
Carnegie, a manufacturer and innovator of textiles in North America, won two 2014 GOOD DESIGN awards.
TODAY’S DEALS: Berkshire Group Takes Two Assets Off Crescent’s Hands
Crescent Communities continues to sell in North Carolina; Cushman & Wakefield originates $49.6 million in seniors housing construction financing; and Dobbins Group completes and sells a 135-unit upscale apartment community it redeveloped.