Regions
CPC Receives $200 Million to Finance New York State Housing
The New York State Common Retirement Fund has committed $200 million in new funding to the Community Preservation Corporation.
Economy Watch: Initial Unemployment Claims Reaches Another Low
Initial unemployment claims came in at an annualized 304,000, an uptick of 2,000 from the previous week’s revised level, according to the U.S. Department of Labor on Thursday. Last week the weekly claims rate was at a post-recession low.
Groundbreaking for Second Trump Plaza Building in Jersey City Expected in June
Developers of Trump Plaza in Jersey City, N.J., are gearing up for the ground breaking on the second tower of Trump Plaza in Jersey City after the city council approved a 5-year tax abatement on the property last week.
Prologis Japan Inks Big Prelease for In-development Osaka Facility, Nabs Two Awards for Its REIT
Prologis recently inked agreements for a large amount of space at one of its development projects. The company also received two awards for its Nippon Prologis Real Estate Investment Trust from Thomson Reuters DEALWATCH AWARDS 2013 and Capital Eye.
Bouwinvest Acquires 300 High-End Rental Apartments in Iconic Amsterdam Tower
Bouwinvest REIM, one of the largest Dutch investment managers specialized in real estate, has recently announced the acquisition of 300 high-end rental apartments in The Pontsteiger. The investment is for Bouwinvest’s €2.6 billion ($3.6 billion) Institutional Residential Fund.
TODAY’S DEALS: Praedium Group Buys Colorado Springs Apartments from Griffis/Blessing
The Praedium group completes a $48.5 million apartment acquisition; Greystone refinances two South Florida multifamily assets; and Centerline provides $3.4 million for an acquisition in San Antonio.
Cadillac Fairview Plans Massive Residential and Commercial District in Downtown Montreal
Cadillac Fairview, the real estate arm of Ontario Teachers’ Pension Plan, has recently unveiled its updated plans to develop the impressive Quad Windsor, a new residential and commercial district in downtown Montreal.
Greystar to Manage Student Apartments in Muncie, Ind.
Greystar Student Living will manage Windermere Place Apartments, a 672-bed student housing community in Muncie, Ind.
DAMAC Starts Sale of Units in Newest Dubai Luxury Serviced Apartment Project
Residential, hospitality and commercial developer DAMAC Properties has announced the release of its latest luxury residential project, the 388-unit Vantage in Dubai’s Jumeirah Village.
Economy Watch: Housing Starts See Uptick in March
U.S. housing starts in March came in at an annualized rate of 946,000 units, according to the Census Bureau on Wednesday. This is 2.8 percent higher than the revised February estimate of 920,000 units, but 5.9 percent lower than the March 2013 rate of 1.01 million units.