Regions
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.
CPPIB and Hermes Agree to Forward-Purchase London’s South Bank Tower
Canada Pension Plan Investment Board (CPPIB) and UK asset manager Hermes Real Estate have agreed to acquire part of London’s mixed-use South Bank Tower from a joint venture comprised of Jadwa Investment and developer CIT Group.
Shangri-La Hotels and Resorts Announces New Hotel on World’s Largest Man-Made Island
Shangri-La Hotels and Resorts recently announced it has signed a letter of intent with Dubai-based real estate developer Nakheel to manage a 290-room hotel in Dubai.
New Joint Venture Between PREI and AP3 Acquires $360 Million Worth of German Retail Assets
A new joint venture was recently set up between Prudential Real Estate Investors and the Third Swedish National Pension Fund, AP3, with the object of the partnership being the investment in retail properties throughout Germany.
Tokyo Office Building Sold for $172M
Union Investment Real Estate GmbH has announced the $172 million (€127 million) acquisition of a fully leased commercial building in Tokyo.
Transwestern Report Offers Outlook for Economic Recovery
In its latest report, Transwestern warns that the economy may not be growing as fast as some people think it is, and despite positive signs in the U.S. job market, there is a growing concern that the recovery is in a stall.
Economy Watch: Service Sector Revenues Mixed in Q1
The Census Bureau reported that U.S. service sector revenues increased for certain industries in the first quarter of 2014 compared with the previous quarter, such as information services, utilities and finance and insurance.