Regions
TODAY’S DEALS: Miami’s Surf Club Four Seasons Lands $290M Construction Loan
HFF arranges financing for a Miami condo/hotel development via Blackstone; Berkadia provides a $56.5 million acquisition loan; and Walker & Dunlop provides $33.4 million for a student housing acquisition in Orlando, Fla.
Heron International Sells Heron Plaza Development Site to UOL Group as Buyer Plans European Hospitality Brand Debut
A major land transaction was recently completed as hotel operator UOL Group Ltd. acquired a plot of land in London.
Meadow Partners Acquires Rocket Factory Lofts in Brooklyn
Meadow Partners has acquired 100 South 4th St., a rental property with 75 loft apartments known as Rocket Factory Lofts in Brooklyn’s popular Williamsburg neighborhood.
Economy Watch: Retail Sales Flat in July
In July, American consumers took a break from an increase in retail spending.
Newly Renamed BKLYN Air Close to Completion
Work is nearly complete on BKLYN Air, an apartment development at 309 Gold St. in Downtown Brooklyn.
TODAY’S DEALS: Transwestern’s Mid-Atlantic Multifamily Group Closes $185M in Sales
Transwestern’s Mid-Atlantic Multifamily Group sells six apartment communities; and NorthMarq arranges construction financing for a joint venture development in Harrison, N.J.
Constellation Hotels Holding Limited Offers to Buy the InterContinental Paris – Le Grand Hotel for Over $442M
InterContinental Hotels Group PLC is getting ready to sell its historic InterContinental Paris – Le Grand Hotel.
KTGY-Designed Elysian at The District Under Construction in Nevada
The Elysian at The District apartment community in Henderson, Nev., is under construction. Designed by KTGY Group, Architecture + Planning, the luxurious 33 building, 360-unit, 18.95-acre project is being developed by The Calida Group of Las Vegas.
Economy Watch: Budget Deficit Continues Shrinking
The U.S. Department of the Treasury, in its latest Monthly Treasury Statement, said that the country ran a $94 billion deficit in July 2014, down from $97 billion during the same month a year earlier.
Standard Pacific Homes Unveils New Housing in Menifee, CA
Standard Pacific Homes has opened two for-sale residential projects in the master-planned community of Heritage Lake in Menifee, Calif. One is Newbridge at Heritage Lake, the other Carmel at Heritage Lake.