News
Economy Watch: Greece, Sandy to Cost Many Billions
At the conclusion of the latest round of marathon meetings in Brussels, euro-zone finance ministers optimistically asserted that they’ve hit on a formula for putting the Greek economy on a more sound footing.
CRE Organizations NYSAFAH and AAREPNY Form Partnership
The New York State Association for Affordable Housing and the African American Real Estate Professionals of New York have inked a one-year formal partnership.
Renaissance Centro Develops 360-Unit Luxury Community
Virginia-based developer Renaissance Centro announced that it has broken ground on Parc Reston, a multifamily community in Reston, Va.
TODAY’S DEALS: St. Anton Partners Lands $52M in Construction Financing
U.S. Bank provides $52M for a San Jose development; Boston Capital provides financing for two affordable communities; and NorthMarq Capital arranges a $17.7M mortgage.
Emaar Properties Expanding Arabian Ranches in Dubai
Emaar Properties PJSC, the Dubai-based global property developer, has announced it will be expanding Arabian Ranches, its master-planned community set within the desert, a few miles out of Dubai.
Yoma Strategic Holdings Agrees to Purchase 80 Percent Stake in Two Million-Square-Foot Mixed-Use Development in Yangon
Yoma Strategic Holdings Ltd. announced that it has entered into a sale and purchase agreement with Serge Pun & Associates Limited to acquire rights to participate in the development of around 10 acres of land in downtown Yangon, Myanmar.
Indian Hospitality Market Set for a Boom as Two Brands Announce Massive Expansion Plans
StayWell Hospitality Group has announced that it is expanding its Indian network by three hotels located in key areas of the country: Hyderabad, Greater Noida and Raipur.
PROFILE: Meet Trump International Realty, The New Residential Brokerage Division
To some fanfare—indeed, on the same day he announced a proposal addressed to President Obama—Donald Trump recently launched Trump International Realty, the residential brokerage division of The Trump Organization.
Centerline Capital Group Closes Conduit Financing of Retail Center
Centerline Capital Group, traditionally a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of Centerline Holding Company, announced it has closed on its first non-multifamily financing after recently re-entering the CMBS loan market.
AIA and Perkins Eastman ‘Design for Aging Review’ Explores Senior Housing Best Practices
What are the best practices and emerging ideas in senior housing design? The Perkins Eastman Research Collaborative explores this question in its recently released “Insight and Innovations: The State of Senior Housing.”