Regions
Robinson Development Begins Work on Richmond-Area Apartments
Robinson Development Group and Drucker and Falk have broken ground on a new 255-unit apartment development in Chesterfield County, Va. The project will be on 18 acres on Charter Colony Pkwy. within the mixed-use CenterPointe development.
DDG To Design New Development at Dubai’s Jumeirah Golf Estates
A major international competition undertaken by Jumeirah Properties of Dubai, UAE, has resulted in a triumph by DDG, the U.S.-based planning, design, architecture, interiors and graphics firm.
Economy Watch: Retail Sales Up in May
The Census Bureau reported that U.S. retail and food sales in May were up 0.3 percent compared with April, adjusted for seasonal variation and holidays, but not for price changes (though inflation is still pretty low).
Sharbell to Expand NJ Seniors Condo Development
Montage at Hamilton, an 180-unit multifamily seniors development in central New Jersey, is on the verge of expanding with the addition of another building.
TODAY’S DEAL: Red Mortgage Completes $58.8M 221(d)(4) Construction/Refi Loan on Behalf of Development in San Fran’s Mid-Market District
Red Mortgage Capital provided FHA-insured financing for a 162-unit new apartment development in downtown San Francisco; and HFF secures an $80 million refinancing for a Hoboken, N.J., luxury multi-housing community.
Instrata Lifestyle Residences to Reintroduce Class A Apartments to Washington, D.C.
Instrata Lifestyle Residences has announced that it will expand its portfolio into the Washington, D.C., metro market with the re-introduction of Metropolitan Pentagon City community, which will be marketed as Instrata Pentagon City.
BSB Design Extending Their Reach
In April of 2013, BSB Design announced a strategic leadership transition by naming Dan Swift, AIA, the new president and CEO of the design firm.
CPPIB and Hermes Agree to Forward-Purchase London’s South Bank Tower
Canada Pension Plan Investment Board (CPPIB) and UK asset manager Hermes Real Estate have agreed to acquire part of London’s mixed-use South Bank Tower from a joint venture comprised of Jadwa Investment and developer CIT Group.
Shangri-La Hotels and Resorts Announces New Hotel on World’s Largest Man-Made Island
Shangri-La Hotels and Resorts recently announced it has signed a letter of intent with Dubai-based real estate developer Nakheel to manage a 290-room hotel in Dubai.
New Joint Venture Between PREI and AP3 Acquires $360 Million Worth of German Retail Assets
A new joint venture was recently set up between Prudential Real Estate Investors and the Third Swedish National Pension Fund, AP3, with the object of the partnership being the investment in retail properties throughout Germany.