News
Joint Venture Buys N.J. Student Housing Community for $44M
A joint venture has obtained a $44.1 million loan to acquire a 674-bed student-housing community, Rockoff Hall, in New Brunswick, N.J.
Capital Improvement Complete at D.C.’s Marbury Plaza
A $5 million capital improvement program is complete at the 672-unit Marbury Plaza apartment community in Washington, D.C. In its wake, the community is being given another round of upgrades priced at $1.3 million.
Economy Watch: Healthy Job Creation in February
The U.S. economy created 236,000 jobs in February, according to the Bureau of Labor Statistics. That’s a considerable improvement over January, when 119,000 jobs were created, and compares favorably with the 2012 monthly average of 181,000 jobs created per month.
Manulife Real Estate Acquires New Retail Property in Western Canada
In a C$29.25 million deal (approximately USD $28.35 million) that closed on March 5, Manulife Real Estate has purchased the 91,517-square-foot Aldergrove Village Shopping Centre in Greater Vancouver’s Langley Township of British Columbia.
Prologis Announces Construction Start at New Green Industrial Park in Tokyo’s Saitama Ken-O Submarket
Prologis has recently announced that the development process of a major commercial real estate project in Tokyo’s Saitama Ken-O submarket.
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Steadfast Income REIT Acquires $12.75M Historic Community
Steadfast Income REIT Inc. announced it has acquired a historic loft conversion in Kansas City, Mo., for $12.75 million.