News
Oxley Holdings Limited Acquires Largest London Mixed-Use Site Since Battersea Power Station
Knight Frank LLP recently announced that Singapore-listed property developer Oxley Holdings Limited has acquired Royal Wharf, the largest mixed-use site in London since Battersea Power Station. Knight Frank LLP, acting for Ballymore Group, identified Oxley as a key buyer.
TODAY’S DEALS: Security Properties Coinvests in Multifamily Fund
Security properties closes a 2,471-unit fund, sells first asset; an affiliate of True North Capital Partners acquires two Massachusetts apartments in a sale brokered by CBRE/NE; and Meridian negotiates financing for New York communities.
CBRE Brokers the First Sale of Urban, Class A Apartments in Minneapolis-St. Paul Since 2008
Dallas-based L&B Realty Advisors has purchased the Lake Calhoun City Apartments in Minneapolis for $37.25 million.
Hines Announces Large Logistics Facility Acquisition in Growing German Market
International real estate company Hines recently completed one of the largest largest logistics transactions to take place in central Europe in recent memory for an asset in the city of Erfurt, Germany.
NAAEI Honors Apartment Industry Veteran William Wollinger for His Leadership
The National Apartment Association Education Institute has created a new scholarship program for apartment industry employees who are military veterans.
Builder Confidence in the 55+ Housing Market Continues to Improve in Third Quarter, Says NAHB
Builder confidence in the 55+ housing market showed continued improvement in the third quarter of 2013 compared to the same period a year ago, according to the National Association of Home Builders’ latest 55+ Housing Market Index.
Toll Brothers Announces Agreement to Purchase Shapell Homes; Acquisition Will Significantly Expand Toll’s California Presen
Toll Brothers Inc. and Shapell Industries Inc. announced that they have entered into a definitive purchase agreement under which Toll Brothers will acquire the home building business of Shapell in a stock acquisition for approximately $1.60 billion in cash.
Economy Watch: Non-Manufacturing Sectors Expands Again
The Institute for Supply Management reported in its latest Non-Manufacturing ISM Report on Business that the U.S. non-manufacturing sector is continuing to grow.
Decatur Housing Authority’s Oliver House Honored
The Atlanta Regional Commission named Oliver House, a new affordable seniors housing community developed by the Decatur Housing Authority, the 2013 Development of Excellence.
Hunt Companies Names New President, COO
Hunt Companies Inc. today announced the appointment of Chris Hunt as president and chief operating officer.