News
Construction to Begin on Britain’s Most Sustainable Commercial Facility
The University of East Anglia (UEA) in Norwich, England, is about to break ground on the Norwich Research Park Enterprise Centre, an academic and office facility that promises to become the greenest commercial building in the United Kingdom.
Economy Watch: Foreclosures Continue to Drop
CoreLogic reported that there were about 52,000 completed residential foreclosures in the United States in April 2013, down from about 62,000 in April 2012, for a year-over-year decrease of 16 percent.
Virginia Apartment Community Acquired by Tryko Partners
Tryko Partners has added Midlothian Village, a 216-unit Richmond, Va., apartment community to its portfolio of affordable housing. This is Tryko’s initial foray into the Virginia market.
Construction Begins on New Luxury Residential Development in San Gabriel Valley
Construction has begun on the latest San Gabriel Valley mixed-use development. Hutton Companies recently announced that its new project, La Verne Village, has broken ground and is now set to meet its construction deadline, in Q1 of 2014. The developer is investing approximately $43 million into the luxury apartment community that will be located at 2855 Foothill Boulevard, along the Historic Route 66, in the city of La Verne. Ontario-based NAI Capital is currently handling retail leasing for the property.
Leasing Strong For N.J. Luxury Residential Development
St. George, a luxury rental apartment building comprised of 60 homes in Harrison, N.J., has leased 50 percent of its units in the first month of offerings.
Partners Buy Hurricane Sandy-Affected Apartments, Plan Rehab
The Community Development Trust, a private REIT that provides capital for the preservation of affordable housing, has partnered with Proto Property Services to buy and rehab Ocean Towers in the Coney Island section of Brooklyn.
Holland Partner Group Begins Construction on Denver Transit-Oriented Development
Holland Partner Group announced it’s starting construction on Platform at Union Station, a 287-unit, transit-oriented community in Union Station neighborhood in Denver.
TODAY’S DEALS: Berkeley Point Capital Closes $49.7M for a Salt Lake Acquisition
Kennedy Wilson completes an acquisition with financing from Berkeley Point Capital; HFF closes $23 million for a Cambridge renovation; and Eastern Consolidated sells sponsor condos near New Jersey’s “Gold Coast” for $15.25 million.
Corvias Military Living Donates AmTryke to Resident in Military Community
In 2012, Mountain Metro AMBUCS approached Corvias Military Living about purchasing an AmTryke for a person belonging to the military community.