Regions
Village Green to Manage 13th Property in Twin Cities Region
Village Green has announced that it is now under contract to manage Grand Pre East in Little Canada, Minn., on behalf of its new client Loboda Properties. The contract for the 251-unit community solidifies Village Green’s 13th property in the Twin Cities region that it either owns or manages.
The Lightstone Group Names Mark C. Green Senior Vice President of Construction
The Lightstone Group, a privately held real estate company, has named Mark C. Green, veteran of nearly two decades in the real estate development industry, as its senior vice president of construction.
Hines Managed Fund Acquires Mixed-Use Developments in Germany
Hines Immobilien GmbH, a fund set up and managed by Hines, has acquired two mixed-use property assets in Germany, namely Kö-Quartier in Düsseldorf and Kronprinzbau in Stuttgart
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.