News
18 Park Now Displaying Andrew Zuckerman Art
The KRE Group and Ironstate Development Company have announced that their development 18 Park in Jersey City, N.J., is now displaying the work of renowned photographer Andrew Zuckerman in its lobby and other amenities spaces following the purchase of four of the artist’s works.
TODAY’S DEALS: Miami’s Surf Club Four Seasons Lands $290M Construction Loan
HFF arranges financing for a Miami condo/hotel development via Blackstone; Berkadia provides a $56.5 million acquisition loan; and Walker & Dunlop provides $33.4 million for a student housing acquisition in Orlando, Fla.
Heron International Sells Heron Plaza Development Site to UOL Group as Buyer Plans European Hospitality Brand Debut
A major land transaction was recently completed as hotel operator UOL Group Ltd. acquired a plot of land in London.
Meadow Partners Acquires Rocket Factory Lofts in Brooklyn
Meadow Partners has acquired 100 South 4th St., a rental property with 75 loft apartments known as Rocket Factory Lofts in Brooklyn’s popular Williamsburg neighborhood.
Economy Watch: Retail Sales Flat in July
In July, American consumers took a break from an increase in retail spending.
Newly Renamed BKLYN Air Close to Completion
Work is nearly complete on BKLYN Air, an apartment development at 309 Gold St. in Downtown Brooklyn.
Melo Group Begins Sales for New Miami Development
Miami-based real estate development company Melo Group has announced that it has kicked off sales for its newest downtown Miami project, Aria on the Bay.
MHN Interview: Carter Vice President Todd Bradford
Carter, a real estate investment firm, recently announced that Todd Bradford was promoted to vice president. MHN talks to Bradford about his new role, as well as some challenges he’s currently seeing in the multifamily industry.
TODAY’S DEALS: Transwestern’s Mid-Atlantic Multifamily Group Closes $185M in Sales
Transwestern’s Mid-Atlantic Multifamily Group sells six apartment communities; and NorthMarq arranges construction financing for a joint venture development in Harrison, N.J.
Constellation Hotels Holding Limited Offers to Buy the InterContinental Paris – Le Grand Hotel for Over $442M
InterContinental Hotels Group PLC is getting ready to sell its historic InterContinental Paris – Le Grand Hotel.