News
Wyndham Hotel Group Introduces Hawthorn Suites Brand to Dubai
The hospitality appeal of the Middle East has skyrocketed during recent years, and investors still have room to grow, with recent announcements expanding the number of major facilities present in the region.
Nadel Architects Designs Mixed-Use Community on Former Mann Theater Site
Construction work is underway on Lindbrook-Gayley, a four-story, 80,000-square-foot, $11 million mixed-use community on the one-time site of Mann Theatre in the heart of the Westwood Village enclave of Los Angeles.
Economy Watch: No Jobs Numbers for September
On Friday, the Bureau of Labor Statistics did not release its customary monthly report on the U.S. employment picture, which is one of the most closely watched economic indicators produced by the federal government.
MHN Interview: Why Developers and Property Managers Should Consider Cultural Customization
How does your community address diversity? Moises “Moe” Vela, who has held two positions in the White House and currently works as a consultant and in affordable housing, talks to MHN about cultural customization—a successful program he introduced at his communities to make them more inclusive to the minority renters in the area.
TODAY’S DEALS: WRIT Acquires D.C. Apartment Asset for $48.2M
Washington Real Estate Investment Trust buys a 135-unit apartment community in Arlington; The Community Development Trust will obtain $125 million, the largest allocation under an inaugural federal bond program for funding affordable housing; and Beech Street Capital closes $13.6 million for a Maryland asset.
Avesta Housing’s Pearl Place II Achieves LEED Platinum Certification
Avesta Housing, with the help of Thornton Tomasetti Inc., has achieved LEED Platinum certification from the U.S. Green Building Council for its Pearl Place II community in Portland, Maine’s Bayside neighborhood.
Jones Lang LaSalle Lands Archstone Executive to Expand Multifamily Expertise in Denver
Jones Lang LaSalle announced the firm has hired one of the nation’s top apartment experts to manage the burgeoning pipeline of transactions in the Rocky Mountain Region.
Skanska Lands $189M Research Facility Contract in Massive Swedish Medical Campus
Global project development and construction group Skanska’s Swedish chapter has announced receiving a construction contract for a new research laboratory In Solna, Sweden.
Simon Property Group, SmartCentres and Calloway REIT Break Ground on Second Premium Outlets Center in Canada
Representatives from Simon Property Group Inc., SmartCentres and Calloway REIT recently held a formal celebration to mark the groundbreaking of the Premium Outlets Montreal, the second Premium Outlet Center in Canada. Calloway is a Canadian real estate investment trust with total assets of approximately $7 billion.
St. Anton Partners Teams With Facebook To Develop Menlo Park Apartment Community
St. Anton Partners and Facebook have teamed on a strategic collaboration to build Anton Menlo, a 394-unit multifamily housing community within walking distance of Facebook’s existing Menlo Park headquarters and its new West Campus, which is currently under construction.