News
TODAY’S DEALS: Kennedy Wilson Acquires 324-Units in Boise
Kennedy Wilson breaks the 20,000-unit mark with a Boise buy; Bascom and Oaktree continue their buying spree; and Northmarq Capital arranges a $22.2 million takeout bridge loan.
Boston Apartments Win Superior Energy Performance Designation
The U.S. Environmental Protection Agency has recognized Castle Square Apartments as one of the first multifamily housing properties in the country to earn Energy Star certification for superior energy performance.
Construction Begins on Omniyat Group’s $680M Luxury Residential Tower in Dubai
Omniyat Group, one of the most prolific high-end property developers in the Gulf region, has celebrated the groundbreaking of its new residential megaproject in Dubai.
W.P. Carey Completes First Australian Investment with Sale-Leaseback Agreement for Industrial and Agricultural Portfolio
Global net-lease real estate investment trust W.P. Carey has completed yet another international acquisition. The company recently announced that it closed a 20-year sale-leaseback deal with Inghams Enterprises Pty. Limited, for a portfolio of 31 properties in the Australian market.
Cocke Finkelstein to Debut New Brand with JV Development in Atlanta
Cocke Finkelstein has announced that it has kicked off construction on a 283-unit, Class A, mixed-use multifamily community in the greater Atlanta area that will serve as the launching point for the company’s new apartment brand, The Olmsted.
Campus Evolution Villages Acquires UA Property
Campus Evolution Villages has acquired University Village, a housing property serving University of Alabama students in Tuscaloosa, Ala. The acquisition delivers an increase of more than 1,160 beds to the company portfolio.
Economy Watch: JOLTS Reports Higher Quits Among US Workers
There were 4.7 million job openings on the last business day of September, according to the Bureau of Labor Statistics in its Job Openings and Labor Turnover Survey.
JV Begins Apartment Redevelopment in Suburban DC
The Bozzuto Group and Wesley Housing Development Corp. have broken ground on Union on Queen, the redevelopment of the Pierce Queen apartment property in Arlington, Va.
TODAY’S DEALS: HFF Closes $80M Sale of Iconic Downtown Miami Development Site
HFF announced that it has closed the $80 million sale of a two-acre development site on Biscayne Boulevard.
Safra Group Pays More Than $1B for The Gherkin in London
The Safra Group, an international network of companies led by Brazilian billionaire Joseph Safra, recently announced the purchase of 30 St. Mary Axe in London, also known as The Gherkin due to its unusual shape.