News
American Standard Partners with Water For People to Improve Sanitation Facilities Worldwide
A new partnership between American Standard Brands and NGO Water For People will focus on improving quality of life and access to safe sanitation around the globe.
TODAY’S DEALS: 29th Street Capital Buys Value-Add Apartment in Georgia
29th Street Capital acquires a 210-unit asset in Marietta, Ga.; Bascom completes its second acquisition under its new private capital program; and Eastern Consolidated arranges a $15.5 million sale of a mixed-use portfolio.
Building in Boston: Development Trends that Matter to Related Beal
Related Beal, a development company based in Boston and part of The Related Company, recently announced that Kim Sherman Stamler has been promoted to chief operating officer. MHN talks to Sherman Stamler about development trends in Boston and what they mean for Related Beal.
Starwood Capital Adds Three Office Assets in Poland to Latest Distressed Opportunity Fund
Starwood Capital Group recently completed the acquisition of a prime office portfolio in Poland that will be added to the company’s Starwood Distressed Opportunity Fund IX.
Halstead Management Company Adds Gerard J. Picaso Inc.
Halstead Management Company has acquired Gerard J. Picaso Inc. through an asset purchase, adding more than 40 buildings to its portfolio.
Asian Investors Unveil Residential and Hotel Development Projects in Brisbane
Asian Investors Heeton Holdings Limited, Lian Beng Group Ltd and KSH Holdings Limited have announced plans for the construction of an approximately $139 million (AUD $150 million) mixed-use scheme in in Fortitude Valley, Brisbane.
Riverlake Partners Places Majority Equity Investment in Guerdon Enterprises
Riverlake Partners LLC has announced that it has made a majority equity investment in Boise, Idaho-based Guerdon Enterprises LLC, which specializes in and is a leading producer of large multi-unit modular buildings.
Economy Watch: Fed Seems More Optimistic
The Federal Open Market Committee released the minutes of its July 29-30 meeting, striking a tone of mild optimism, in as much as the tone of the meeting was actually reflected by the minutes.
Trump, Lodha to Develop Tower in Mumbai
The Trump Organization has unveiled plans for Trump Tower Mumbai, which will be developed in collaboration with Indian real estate developer Lodha Group.
TODAY’S DEALS: Omninet Capital Buys Value-Add Portfolio in Tucson
Colliers’ Cooke team brokers a 1,166-unit sale in Tucson, Ariz.; Hunt Mortgage Group provides a $5.5 million interest-only loan to refinance a California apartment asset; and The Largo Group of Companies arranges $10.5 million in financing for properties in New York state.