Regions
TODAY’S DEALS: Development Site Trades Hands in Boca, 378 Units in the Works
ARA brokers a $22.3 million land sale in Boca Raton; Capital One Bank closes a $70M Fannie Mae loan; and Marcus & Millichap arranges the sale of an REO asset in Tampa.
Prologis Adds 2.5 Million Square Feet in Eastern Europe; Joint Venture with Norges Bank Also Adds Assets
Global industrial real estate company Prologis recently considerably expanded its portfolio with a number of acquisitions carried out through its Prologis European Properties Fund II, adding roughly 2.5 million square feet of space in the Czech Republic, Poland and Slovakia.
Corvias Foundation Awards $100,000 in Educational Grants to Military Spouses
Corvias Foundation, a private, charitable foundation and the charitable arm of Corvias Group, has been committed to supporting military families in the pursuit of higher education since 2006.
W.P. Carey Affiliate Completes Sale-Leaseback Deal with Nokia in Poland
In a sale-leaseback deal with Nokia Solutions and Networks, W.P. Carey Inc. has acquired an office/R&D facility in Poland on behalf of one of its managed non-traded REIT affiliates, CPA®:17 – Global (Corporate Property Associates 17 – Global).
New Phase at Newtown Square Townhome Community Up For Sale
D.R. Horton’s latest development, The Grande at Muirwood Hill, sold so well in its initial offering that the firm has released a new phase of home sites in Newton Square, Pa.
Economy Watch: New Rules in the Works for Very Large Banks
In testimony before the Senate Banking Committee this week, Daniel Tarullo, a member of the board of governors of the Federal Reserve, said that the central bank wants to change regulations governing too-big-to-fail banks (or GSIBs, global systemically important banks, in Fed-speak).
TODAY’S DEALS: Mack-Cali, Ironstate Land $192M via NorthMarq for Jersey City Apartment Tower
NorthMarq arranges $192 million for a 763-unit development; CBRE Global Investors acquires 432 units in The Woodlands; and Everbank funds a $2 million acquisition loan for a mixed-use property in Chicago.
Premier Apartments in Silver Spring Holds Grand Opening
The Premier Apartments in downtown Silver Spring, Md., celebrated its grand opening on Wednesday, though it’s been leasing units since early this year.
Rivergate Partners Buys Orlando Apartments for Nearly $10M
Miami-based Rivergate Partners, a joint venture between real estate investors Jay Massirman (Rivergate Cos. president) and Oscar Vila (PSMG managing partner) has acquired Beacon Hill, an apartment community in Orlando, Fla.
Starwood Brings Third W Hotels Facility to Thailand by 2018
W Hotels Worldwide has recently announced to debut W Retreat Phuket – Phang Nga Bay in southern Thailand. The new project will be the brand’s third facility in the country and is scheduled to open in January 2018.