Regions
Citi Acquires East Tower at One Bay East for $700 Million in Hong Kong’s Largest Ever Office Purchase
CBRE recently announced its participation in the largest office tower purchase in the Hong Kong office market.
Eastern Europe On The Rise: Romania’s Second Largest City Welcomes First Green Luxury Residential Development
Cluj-Napoca, the second most populous city in Romania, is about to get its first green luxury residential project: the 91-unit Riviera Luxury Residence condominium tower.
PRG Real Estate and WVS Companies Team on Roanoke Apartment Development
PRG Real Estate and WVS Companies have teamed to develop South16, a contemporary apartment building in Roanoke, Va., located in the epicenter of the city’s 110-acre riverfront redevelopment project.
Economy Watch: GDP Drops Through Floor in Q1
Real gross domestic product decreased at an annualized rate of 2.9 percent in the first quarter of 2014 according to the third and final estimate by the Bureau of Economic Analysis.
Commonwealth Cooperative Buys DC Apartments, Plans Rehab
South Cathedral Mansions, an apartment building in the Woodley Park district on Connecticut Ave. in Washington, D.C., has changed hands for only the fourth time since Harry Wardman and Mihran Mesrobian developed it in 1922.
TODAY’S DEALS: Carroll Organization Completes 15th Florida Buy Since April 2013
Carroll Organization completes a 320-unit acquisition; BMC Capital provides $1.1 million to refinance a Houston community; and NorthMarq Capital arranges a $2.85 million refinance of apartments in Queens, N.Y.
Atlanta Property Acquired by Winn Companies, Roseview Group
Roseview Winn Residential Fund 1 has acquired Carroll at Bethesda Park, a 222-unit luxury apartment community in the desirable Lawrenceville submarket of Atlanta’s Gwinnett County.
Thomas O’Brien Named President of LCOR
LCOR, a fully integrated real estate company specializing in property development, investment and management, announced that its chief operating officer, Thomas O’Brien, a 30-year veteran of the company, will succeed Peter DiLullo as president of LCOR, effective July 1.
IREM® and its International Chapter Network to Spotlight Organization’s Deep Ethical Roots During Upcoming, Month-Long Observance
The Institute of Real Estate Management (IREM®) and its 93 chapters across the U.S. and abroad will mark, throughout the month of September, the annual observance of “IREM® Ethics Awareness Month.”
Williamsburg Adaptive Reuse Near Completion
The Williamsburg neighborhood of Brooklyn has been a residential hotspot for some time now—ever since Brooklyn was discovered by hipsters and people tired of paying Manhattan rents—and the latest of a swarm of recent residential developments, 172 North 10th St., is nearly finished. The project is an adaptive reuse.