News
JPMorgan Chase & Co. Announces $100 Million Commitment to Support Detroit’s Economic Recovery
JPMorgan Chase & Co. unveiled a $100 million, five-year commitment to support and accelerate Detroit’s economic recovery and strengthen its communities.
Downtown Miami to Welcome New Melo Group High-Rise Property
Melo Group, a Miami-based real estate developer, has announced plans to build Melody Tower, a 36-story residential property in the heart of Miami’s arts and entertainment district.
IWBI Launches Peer Review Process for the WELL Building Standard
The International Well Building Institute (IWBI) today launched a peer review process for the WELL Building Standard®.
NWP Regulatory Update: Ohio & Connecticut
The Ohio Legislature has two more weeks of regular sessions before they close up shop for the year. It is possible that the legislature may reconvene for a Special Session in June, if necessary. Additionally, the Connecticut Public Utilities Regulatory Authority has requested comments to their Draft Electric Submetering Rules due on May 15, 2014.
Economy Watch: Existing Homes Sales Rise in April
The National Association of Realtors reported that total existing-home sales rose 1.3 percent in April to an annualized rate of 4.65 million units, compared with 4.59 million units in March.
Prism Puts Penthouse Units on Market
Prism Capital Partners, in its efforts to lease units at Parkway Lofts, its new redevelopment in Bloomfield, N.J., has unveiled the property’s one-bedroom penthouse apartments. The penthouses measure 814 square feet and include views of Manhattan or the Watchung Mountains.
Oberoi Realty Announces Partnership with The Ritz-Carlton for Iconic M-U Worli Development
The Ritz-Carlton Hotel Company recently signed a long-term management agreement with Oasis Realty, a joint venture between Oberoi Realty and Sahana Group, to open the first Ritz-Carlton in Mumbai, the entertainment, commercial and financial capital of India.
TODAY’S DEALS: Resource Real Estate Buys Two Atlanta Apartment Assets
Resource Real Estate Opportunity REIT grabs 359 units in Atlanta; Aragon Holdings acquires a two-property portfolio in Denver; and NorthMarq Capital arranges a $20.5 million Freddie Mac refinancing loan.
Two Chinese Residential Projects Get $60M Investment from Century Bridge Capital
Century Bridge Capital is investing approximately $60 million in two separate joint ventures dealing with residential projects taking shape in the Chinese cities of Zhongshan and Wuxi.
MIPIM Special Series—Part One: Shared Buildings and Spaces
The second issue of the Cahiers de la Chaire Immobilier et Développement Durable (The Real Estate and Sustainable Development Chair Notebook), released during MIPIM’s 25th anniversary convention, tends to debunk a number of stereotypes related to the practice of sharing urban property.