News
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.
Micro Nano Research Facility at Melbourne’s RMIT City Campus Completed
Construction of the Micro Nano Research Facility at the Royal Melbourne Institute of Technology University City Campus is now completed, according to the contractor.
Borrowers Could Face Difficulty Repaying Home Equity Loans
Now that borrowers have to start repaying home equity lines of credits, lenders are fearing a wave of defaults.
The Michaels Organization Educational Foundation Honors Scholarship Recipients
The Michaels Organization Educational Foundation recently held a ceremony at Delgado Community College in New Orleans to honor six residents of The Estates community that have been awarded college scholarships from the foundation.
WNC Provides Financing for Baton Rouge Renovation
Renovation is complete at Renaissance Gateway, a 208-unit affordable apartment community in Baton Rouge.
Economy Watch: Housing Starts Spike in July
U.S. housing starts jumped in July compared with June, according to the Census Bureau, a reversal of the preceding months, which have been generally sluggish for housing starts.