Regions
Dewberry Capital Starts Work on Charleston-Area Apartments
Work has strarted on Oyster Park Apartments, a $28.5 million residential development in Mt. Pleasant, S.C., in metro Charleston.
TODAY’S DEALS: Ullico Loan Kicks Off Philly Mixed-Use Development
National Real Estate Development has landed a $141 million construction loan; CIT provides $57.5 million for a Brooklyn waterfront acquisition; and Eagle Group Finance supplies $3.1 million for an assisted living facility.
Brooklyn Multifamily Sale Shatters Records
At a price of $296 per square foot, the sale of 632 Ocean Parkway has set a high mark for the Kensington section of Brooklyn.
Economy Watch: Construction Spending Continues to Drop Because of Energy
U.S. construction spending continued on a downward trajectory in March.
TODAY’S DEALS: Kennedy Wilson Expands with Condo-Quality Apartment Acquisition
Kennedy Wilson completes a $47 million purchase with value-add intentions; Greystar nabs a 200-unit community in Quincy, Mass.; and a national real estate investor purchases a property for $30 million in an online auction.
ResiModel Announces Additions to Client Roster
ResiModel, a platform for aggregating, standardizing and analyzing financial data for multifamily transactions, reported a roster of clients that it onboarded during the first quarter of 2015.
Starwood Hotels Expands in Metro Manila with Westin-Branded Mixed-Use Project
A new hospitality complex is soon to emerge in Manila, the capital city of the Philippines.
Housing Close Enough to Walk to Class
A new, 632-bed student housing community with a pedestrian-to-campus orientation is under construction near the University of Nebraska in Lincoln.
Foxford Communities Completes Second Building at Clocktower Pointe
Work is under way on at Clocktower Pointe, a condo development in Countryside, a southwest suburb of Chicago, with two of its buildings now finished.
Economy Watch: Real Estate’s Part of the GDP
After releasing the 30,000-foot view of U.S. economic growth for each quarter, the Bureau of Economic Analysis releases a load of detail the next day, which in this case was Thursday. The underlying details include real estate data that breaks down total spending on most property types, as a percentage of GDP.