Regions
TODAY’S DEALS: Beech Street Refinances NYC Portfolio
Beech Street Capital closes a $49.5 million loan for a NYC portfolio; Cohen Financial secures $34 million for a Colorado development; and Centerline Capital provides an $11.4 million refinance loan for a Maryland property.
U.S. Bank Completes Financing Deal for Two L.A. Senior Affordable Housing Projects
An important financing deal securing the future of two urban senior housing developments in Los Angeles was completed last week when U.S. Bank confirmed that it is providing $55.1 million for the projects. The two affordable housing complexes have groundbreaking ceremonies scheduled this month. U.S. Bank is working with the Retirement Housing Foundation to get the two developments done. The banking giant will present the organization with a $30,000 check, in support of its current senior housing endeavors.
Economy Watch: Retail Sales Spike in May
The Census Bureau reported that retail and food service sales were up 0.6 percent compared with April and 4.3 percent year-over-year.
Ribbon is Cut at Mississippi Affordable Housing Community
McIntosh Homes, an affordable housing community for seniors in the Greene County, Miss., town of Leakesville, was given its grand opening ceremony this week.
Oxford Properties Group Launches LEED Platinum Office High-Rise in Downtown Toronto
Oxford Properties Group has unveiled plans to develop the new 40-story Ernst & Young Tower in the heart of downtown Toronto.
£1.5B Deal Will Transform Old London Docks into Innovation Hub
London Mayor Boris Johnson has announced the newest initiative in the grand redevelopment of the London’s Royal Docks: the £1.5 billion (circa $2 billion) project dubbed Silvertown Quays, which represents the second phase of the redevelopment of the Silvertown area.
Affirmed Housing Group Announces Grand Opening of San Diego Seniors Community
Affirmed Housing Group, a San Diego-based affordable housing developer, announced the grand opening of Solterra, an affordable community for seniors in El Cajon, Calif.
TODAY’S DEALS: NorthMarq Arranges a $20M New Construction Loan in Chicago
NorthMarq’s Chicago regional office arranged construction loan financing of $20 million for Webster Square; and Lucent Capital completes an $11.84 million permanent loan for the recapitalization of a building.
World’s Tallest Twisted Tower Unveiled in Dubai
Cayan Investment and Development has recently inaugurated the world’s tallest twisted building: Cayan Tower.
$40 Billion Transoceanic Canal Project Resurfaces in Nicaragua
An initiative for the construction of a new canal between the Pacific and the Caribbean is underway after a century of hibernation.