News
TODAY’S DEALS: Zeckendorf Breaks Ground on $500M Condo
Zeckendorf and Global Holdings Inc. break ground on a luxury condo in Manhattan; Holliday Fenoglio Fowler arranges $9 million for an Austin student housing asset; and CBRE arranges $128,178-per-unit sale of renovated property.
McCann Enters Nashville Market With Apartment Buy
McCann Realty Partners has acquired the 366-unit Discovery at Mountain View Apartments in suburban Nashville, Tenn.
‘Wow’ the Word for N.J. Program Saluting Veterans’ Service
Villas at Piscataway, a Piscataway, N.J., mixed-use development, has unveiled a unique initiative to make its luxury apartments affordable for military veterans.
MHN Interview: What is Gen Y Looking for in a Rental?
MHN talks to Rohit Anand, principal, KTGY Group Inc., about how Gen Y differs from previous renters and how the design of apartment communities is changing to reflect Gen Y’s needs and wants.
California REIT Buys Charlotte Apartments
KBS Legacy Partners Apartment REIT Inc. has bought Wesley Village, an apartment community in Charlotte, N.C., for about $45.8 million.
EdR Buys Tucson Student Housing for $67M
EdR has acquired a 764-bed student housing community, The District on the 5th, which is near the University of Arizona in Tucson, from Residential Housing.
TODAY’S DEALS: Decron Snaps up a California Asset
Decron completes a $70 million buy; HFF secures $54 million in bank and mortgage REIT financing for an apartment asset acquisition; and Berkeley Point Capital provides $29.6 million for a KBS Legacy Partners REIT’s acquisition.
Canada Pension Plan Investment Board Expands Into Brazil with Global Logistic Properties Partnership
Canada Pension Plan Investment Board announced they are entering a joint-venture partnership with Global Logistic Properties Ltd., the world’s second largest owner of industrial property.
As Naga2 Holds Groundbreaking Ceremony, NagaWorld Seems to Take Shape in Phnom Penh
A massive hospitality development recently held its groundbreaking ceremony in the city of Phnom Penh, as NagaCorp Ltd. has begun working on the largest integrated resort in Cambodia, and the first one to feature two luxury hotels and a podium block.