News
Places for People Enters Joint Venture with Barratt Homes to Create 2,000 New Homes in Milton Keynes
Places for People, a UK-based property management, development and regeneration company, recently announced it has entered into a new joint venture with Barratt Homes that will create 2,000 new homes at their Brooklands development in Milton Keynes, England.
Innocence Island, Largest Privately Held Island in the Bahamas, Up for Auction
The largest privately owned island in the Bahamas will soon be up for grabs as Concierge Auctions recently announced that the property will be on the block this May.
W. P. Carey Finances Construction of Wartsila’s R&D and Training Complex in the Netherlands
W. P. Carey Inc. has announced an $18.7 million build-to-suit financing transaction on behalf of one of its non-traded REIT affiliates, CPA®:17 – Global (or Corporate Property Associates 17 – Global Incorporated).
Strategic Properties Group and ALTA Developers Team on Condo in Miami’s Brickell Financial District
A joint venture between South Florida-based Strategic Properties Group and ALTA Developers is developing Le Parc at Brickell, a 12-story boutique-style luxury condominium in Miami.
IREM and CCIM Honor Rep. Steve Stivers (R-OH) as ‘Legislator of the Year’
The Institute of Real Estate Management (IREM®) and the CCIM Institute have jointly honored U.S. Congressman Steve Stivers (R-OH) with their 2014 “Legislator of the Year” award.
Economy Watch: Fed Doesn’t Want to Raise Rates
According to the minutes of the most recent Federal Open Market Committee meeting the committee said (in central-bank language) that 6.5 percent U.S. unemployment was no magic number.
Condo Prices Balloon in Seattle, LA, SF
Condominium prices increased in downtown Los Angeles, San Francisco and especially downtown Seattle in March 2014 over the previous year, according to Condominium Pricing Indexes released recently by The Mark Co. for each market.
Second Phase Complete at L+M’s Candlestick Heights Community in SF
L+M Development Partners celebrated the completion of the second phase of construction this month at the company’s first California community, Candlestick Heights, in San Francisco.
TODAY’S DEALS: Walker & Dunlop Arranges $75M Life Company Financing for Development
Walker & Dunlop arranges interest-only construction-permanent financing for Park Meridian; and HFF brokers $14 million in joint venture equity for a condominium project in Scottsdale, Ariz.
Crafting Cooler Content: Best Practices for the Multifamily Industry
Insight on the best practices for multifamily content marketing