Regions
Hines, MetLife to Develop Quincy, Mass., Waterfront Community
International real estate firm Hines, in conjunction with MetLife, has announced it will develop a mixed-use multifamily property on the Quincy, Mass., waterfront.
Economy Watch: More Millionaires Than Ever
Boston Consulting Group, in its Global Wealth 2014 report, said that the total number of millionaire households reached 16.3 million worldwide in 2013, up strongly from 13.7 million in 2012 and representing 1.1 percent of all households globally (an almost literal 1 percent).
Northridge Apartments Nearly Leased Up
The 402-unit Terrena mixed-used property, which is in the Northridge district of L.A., has nearly leased its multifamily component. The community consists of a mix of studio and one- and two-bedroom units, as well as about 14,000 square feet of retail space.
TODAY’S DEALS: Joint Venture Sells 222-Unit Apartment Community in Georgia
The Carroll Organization and Lubert-Adler Real Estate sell a luxury asset in Georgia; Resource Real Estate Opportunity REIT nets $2.9 million in profits in a Tampa student-housing sale; and Marcus & Millichap arranges the $3.9 million sale of a boutique student-housing property near USC.
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.