Regions
Union Investment Acquires Landmark Weser Tower in Bremen
By Gabriel Circiog, Associate Editor Bremen, Germany—Union Investment recently announced the acquisition of the landmark Weser Tower in Bremen, Germany, in a deal that is deemed as one of the most significant real estate transactions seen in Bremen. The Hamburg-based investment manager acquired the building from developer Siedentopf for an undisclosed price. “The combination of a high quality property, its excellent location and the fact that it is fully let to a financially sound municipal company made the decision to enter the Bremen office market easy,” says Christoph Schumacher, a member of the management team at Union Investment Institutional Property…
U.S. Green Building Council Awards LEED Certification to Facilities Hosting The 2014 FIFA World Cup in Brazil
As the 2014 FIFA World Cup is in full effect, the U.S. Green Building Council announced that a number of the arenas hosting matches have been awarded LEED certification.
$300M Luxury Residential Tower Tops Out In Beirut
Middle Eastern luxury developer DAMAC Properties has announced topping of the $300 million iconic residential tower in Beirut’s Solidere area.
Ocius Announces Appointment of New President
Ocius, a provider of multifamily resident billing and utility invoice processing solutions, is pleased to announce the promotion of Keith Nelson to the role of president.
HDC Board Approves $372.5M in Bonds for 2,226 Affordable Housing Units in NY
The New York City Housing Development Corporation has approved the issuance of $372.56 million in bonds and $88.7 million in subordinate financing to fund 2,226 units of affordable housing in 16 developments in the Bronx, Brooklyn and Manhattan.
Economy Watch: FOMC Says Tapering to Continue
Much of the recent economic news came from the Federal Reserve, especially the fact that the Federal Open Market Committee has decided to continue tapering its stimulus of the economy.
Flaherty & Collins to Build First Phase of KC River Development
The Port Authority of Kansas City has inked an agreement with Indianapolis-based Flaherty & Collins to create a mixed-use “urban village” on the Kansas City riverfront.
TODAY’S DEALS: Bascom Group Buys 252 Units in Houston
Bascom acquires an apartment asset in northeast Houston; Pembrook Capital Management closes a $22 million bridge loan to finance renovations at two Atlanta communities; and NorthMarq Capital arranges $18.06 million in acquisition financing.
Trumark Urban to Enter Los Angeles Multifamily Market with 24-Story Condo Project
Trumark Urban has announced that it has acquired a fully entitled development site located at West 11th Street and South Grand Avenue in Los Angeles’ downtown South Park neighborhood.
Perkins Eastman Research Collaborative and the Alzheimer’s Foundation of America Team Up to Identify Best Design Practices for Dementia Care Facilities
Perkins Eastman Research Collaborative and the Alzheimer’s Foundation of America announced the publication of the white paper, “Excellence in Design: Optimal Living Space for People With Alzheimer’s Disease and Related Dementias,” which details best design practices concerning residential care settings for individuals living with Alzheimer’s disease.