Regions
Economy Watch: World Bank Lowers Global Growth Predictions
Last week the World Bank, in its Global Economic Prospects, lowered its forecast for world economic growth in 2014
TODAY’S DEALS: NorthMarq’s Orlando Office Completes $38.6M CMBS Loans
NorthMarq Capital arranged financing for two multifamily transactions, one with interest-only; and CBRE/New England facilitates a $1.6 million sale of an East Boston industrial property that will be converted to transit-oriented residential use.
Tower Companies Gearing Up for Redevelopment of The Blairs Community
Tower Companies and partners Jeffrey and Gary Abramson presented new renderings of the first two proposed residential towers in the nearly $850 million, 27-acre ‘City Within a City’ redevelopment at The Blairs community in downtown Silver Spring, Md.
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.