News
New Student Housing Breaks Ground at University of La Verne
La Verne, Calif.–Hanover Pacific L.L.C. has broken ground on a 378-bed, 103,250 square-foot mixed-use student housing property at the University of La Verne.
Economy Watch: A Week Later, Crisis in Japan Still Reverberates
The economic impact of the disaster in Japan is still uncertain; Republicans propose a GSE plan very similar to Obama’s; and the yen took a dive, as orchestrated by the Group of 7.
Staybull Flooring Offers Recycled Wood Options
Staybull Florring solves industry-wide problems such as wood waste, carbon emissions and toxic materials by producing a unique recycled wood product that offers a variety of eco-advantages.
Inflation Is Imminent, Says Analyst
Could higher inflation be around the corner? “The general expectation is that inflation is coming. The question is when, and by how much,” says a research analyst at a U.S. ratings agency.
Griffin Court Condo Helps Drive Transformation of Hell’s Kitchen
New York–Griffin Court Condominium are helping Hell’s Kitchen become an increasingly artistic and coveted neighborhood in Manhattan.
Detroit Revitalization Fellows Program
Detroit–Wayne State University has launched the Detroit Revitalization Fellows Program, to build the capacity of public, for-profit, nonprofit and other organizations to facilitate the redevelopment of Detroit.
TODAY’S DEALS: NorthMarq Arranges $55M Refi for Chicago High-Rise
Chicago–NorthMarq arranged a $55 million loan for a property on Wacker Drive in Chicago; Beech Street Capital provides $4.55 million in fiancing for the acquisition of Mesa Village; and HFO arranges sale of a $31.6 million complex, represents the buyer in $6.2 million deal.
Demoulias Joins Boston Capital
Boston–George Demoulias has joined Boston Capital as vice president of Boston Capital Energy (BCE). BCE specializes in the financial structuring and monetization of tax credits related to renewable energy projects.
Economy Watch: Some Good Economic News for the Week
The U.S. economy scores some good news in unemployment, while food and gas drive inflation. Meanwhile, the Group of 7 takes unusual action to stabilize the yen.
Premier Nashville Condo Goes Rental
Nashville–Velocity’s conversion to apartments comes courtesy of Pollack Partners, which just acquired the 220 unsold units at the 263-residence mixed-use property.