News
Lowe Enterprises Investors Acquires The Granary in Philadelphia
The Granary, a new nine-story, Class A multifamily community in Philadelphia, has been acquired by Lowe Enterprises Investors from developer Pearl Properties on behalf of an investment client.
Mitchell Properties and The Community Builders Finish Boston Mixed-Income Multifamily Project
A joint venture between Mitchell Properties and The Community Builders has opened 225 Centre, the first phase of a 14-building, transit-oriented $250 million redevelopment of Jackson Square, which is designed to be a link between Boston’s Jamaica Plain and Roxbury neighborhoods.
TODAY’S DEALS: Winthrop Acquires Four Class A Assets for $246M
Winthrop Realty Trust buys 761 units; TruAmerica buys a California community for $81 million; and Grandbridge arranges $26.5 million in financing for two California properties.
Economy Watch: Federal Deficit Shrinks in Fiscal ’13
The U.S. Department of the Treasury said that the federal government ran a $75 billion surplus during September, which was the last month of fiscal 2013.
Elad Group Launches Sales at Landmarked 22 Central Park South
The newest New York condominium project from developer Elad Group, 22 Central Park South, has commenced sales.
Growing Cities Ask For Larger Residential Projects in China as Xinyuan Announces Fifth Project in Five Months
As China’s cities continue to develop at an incredible pace, so does the amount of residential developments in the country, leading to a large number of new projects.
TODAY’S DEALS: Grandbridge Arranges $26.5M for California Apartments
Grandbridge arranges financing for two California assets; Associate Estates acquires an apartment community in Charlotte; and NorthMarq arranges $4.12 million in acquisition loans.
Dominium Starts Work on Minneapolis Adaptive Reuse
Work has started on A-Mill Artist Lofts, an adaptive reuse of a vacant Pillsbury flourmill on the banks of the Mississippi River in Minneapolis.
Mack-Cali, Roseland Open RiverTrace at Port Imperial
Mack-Cali Realty Corporation and Roseland recently celebrated the opening of RiverTrace at Port Imperial rental community.
Brookfield Office Properties Celebrates Groundbreaking of Western Canada’s Tallest Building
Brookfield Office Properties Inc. has begun construction on the first phase of the $1.3 billion Brookfield Place Calgary office complex in the city’s downtown core.