News
Defining New Luxury in Manhattan Multifamily
The recent “Luxury Living—The Future of the Five-Star Market” panel discussion at the MiMa apartment building in New York, hosted by Related Companies and presented by the Real Estate Board of New York, discussed what luxury means going forward for Manhattan multifamily communities.
Madison Realty Capital, USAA Real Estate Announce Development Plans
Madison Realty Capital has announced plans to construct a 170,918-square-foot 80/20 mixed-rate multifamily community in the Clinton Hill neighborhood in partnership with USAA Real Estate Company.
Fujisawa Sustainable Smart Town Opens Near Tokyo
The Fujisawa SST Council recently held a grand opening ceremony for Fujisawa Sustainable Smart Town, an eco-friendly and progressive community located on the outskirts of Tokyo. FSST Council, the developer of the project is a consortium led by Panasonic Corporation.
Brookfield Multiplex to Redevelop Australia’s Largest Hotel
M&L Hospitality has selected Brookfield Multiplex to expand and renovate the Four Points by Sheraton Sydney, Darling Harbour (Four Points) at 161 Sussex Street Sydney, which is already Australia’s largest lodging facility.
Madison Acquires 50 Percent Stake in Houndsditch Estate, Creates New JV with TIAA Henderson
The Houndsditch Estate’s ownership scheme was recently modified as New York-based investment company Madison International Realty acquired a stake in the property.
Instrata Lifestyle Residence Renters Gain Ultimate Travel Perk
Home may be where the heart is. But residents at Instrata Lifestyle Residences in New York City and greater Washington, D.C., benefit to their hearts’ content by getting away and enjoying the ultimate travel perk.
Economy Watch: Employment Surges by 321K Jobs in November
The U.S. economy created 321,000 jobs in November, according to the Bureau of Labor Statistics, which is well above the average monthly gain for the past 12 months of 224,000.
El Paso Taps Hunt Cos. for Mixed-Use Project
The City of El Paso has selected Hunt Cos., through its affiliate Hunt Metro 31, to develop a 31-acre TOD. The development will be at the site of the former Northpark Mall in northeast El Paso, at the meeting of Dyer St. and Diana Dr.
Starwood Capital Group Acquires Quattro Business Park in Krakow, Poland
Starwood Capital Group, a global private investment company with $37 billion in assets recently announced it has acquired the 500,000-square-foot Quattro Business Park in Krakow, Poland on behalf of Starwood Distresses Opportunity Fund X.
TODAY’S DEALS: Oak Grove Capital Closes $135.2M in Three Weeks
Oak Grove Capital closes a series of affordable, market-rate and seniors housing loans; Jason Cohen Pittsburgh buys a neglected property with planned repositioning; and Capital Fund Services arranges financing for a Southside Chicago housing.