Regions
Muse Developments Breaks Ground on $385 Million Mixed-Use Project in London
Lewisham Gateway Developments Ltd, a wholly owned subsidiary of Muse Developments, recently broke ground on one of the largest regeneration projects in south east London, Lewisham Gateway.
Accor’s HotelInvest Acquires Two Hotel Portfolios For $1.22 Billion
Accor’s HotelInvest business is adding two real estate portfolios, having agreements to purchase a total of 97 hotels for a combined fee of around $1.22 billion.
Allied Realty Breaks Ground on Sugar Land-Area MF
Allied Realty has broken ground on The Retreat at Riverstone, a new, 249-unit exclusive apartment home community located in the heart of Sugar Land, Texas, with a targeted opening of Fall 2014.
Economy Watch: Construction Spending Advances in April
The Census Bureau reported that U.S. construction spending during April, both public and private, came in at an annualized rate of $953.5 billion, or 0.2 percent above the March rate.
Enterprise Homes Begins Redevelopment of Maryland Apartments
Redevelopment work has started on Locust House Apartments, a 98-unit multifamily property in Westminster, Md., an outer suburb of Baltimore.
Hell’s Kitchen Boutique Rental and Hotel is Now Open
Douglas Elliman Development Marketing has announced that leasing has started at the new 12-story Cassa Hotel and Residences in the Hell’s Kitchen neighborhood of New York.
$158M Luxury Condos in Brisbane Selling at Fast Pace
Newstead Towers, the 314-unit condo project set to break ground in 2014’s fourth quarter in Brisbane’s inner-city has reached the AUD 100 million (USD 93 million) sales mark within four weeks of its launch, according to appointed builder Brookfield Multiplex.
TODAY’S DEALS: Morgan Properties, The Olayan Group Buy $309M Apartment Portfolio
Morgan Properties and The Olayan Group buy 2,671 apartments in the Maryland and Virginia suburbs of Washington, D.C.; The Richman Group acquires a Florida development site for a 417-unit community; and NorthMarq Capital secures $32 million for multifamily properties.
Duravit Announces Second Designer Dream Bath Competition
Following a successful launch in 2013, Duravit USA, Inc. has announced its second annual Designer Dream Bath Competition. The program invites architects and designers to imagine their ideal bath space using a selection of Duravit collections, which include Vero, DuraStyle and Happy D.2.
Freddie Mac Financing in Place for Seattle-Area Apartment Deal
The buyer of the Lakes by Mill Creek Apartments, a 223-unit garden apartment community in Everett, Wash., has obtained an $18.5 million loan for the acquisition. The property was originally developed in 1986, and is currently 99 percent occupied.