Regions
Two Chinese Residential Projects Get $60M Investment from Century Bridge Capital
Century Bridge Capital is investing approximately $60 million in two separate joint ventures dealing with residential projects taking shape in the Chinese cities of Zhongshan and Wuxi.
Ballymore Seeks JV Partner for £2B ($3.4B) Residential Development Portfolio in London
By Adriana Pop, Associate Editor London—International property development company Ballymore has launched the search for a joint venture partner to finance and develop three large-scale residential projects in East London. Lazard and CBRE are advising the company in the selection process, Ballymore announced. Located at Canary Wharf, Leamouth and Nine Elms, the new developments will bring a total of 3,000 new residential units and 250,000 square feet of commercial, leisure and office space. Ballymore will act as development manager for the projects, which have a gross development value of about £2 billion (nearly $3.4 billion). At a waterside location in…
Salvo Property Group Develops $259M MF Tower in Melbourne
Salvo Property Group, a leading Australian development company focused on developing affordable luxury properties, has appointed Brookfield Multiplex to design and construct Platinum Tower, a $259 million (AUD 280 million) multifamily tower in Melbourne.
Resmark Partners with Westfield and Greystar on North Phoenix Apartments
Resmark Apartment Living has partnered with Westfield and Greystar to develop Deer Valley, a 344-residence apartment community in Desert Ridge, Ariz.
Dominium Acquires Florida City Affordable Housing
Dominium, an apartment development and management specialist, has acquired Redland Arms Apartments, a 66-unit affordable housing development in Florida City, Fla., for an unspecified price.
Economy Watch: FOMC Mulls Monetary Policy Normalization
Monetary policy hasn’t been normal for quite a while now, and investors, economists and other observers have been wondering out loud when that’s going to change.
Condo Sales Underway at Renovated Upper East Side Building
Sales have commenced at RFR Holding LLCs newest residential condominium, 300 East 64th Street, located in New York’s highly-sought after Upper East Side neighborhood. The 31-story building is currently the only condominium in the neighborhood offering immediate move-in opportunity.
TODAY’S DEALS: Newly Completed Austin Community Trades Hands
Oden Hughes sells a 2013-built asset in Austin; TD Bank funds a $17.3 million loan for the acquisition of apartment units; abd Boston Capital invests in a Texas LIHTC development.
Greystar Acquires London Student Housing Portfolio
Greystar has purchased a portfolio of student housing properties in the United Kingdom. The portfolio consists of three properties in central London that encompass a total of 1,129 beds. The properties are Woodland Court, Wedgwood Court and Great Suffolk Street.
Economy Watch: Negative Equity Continues to Drop
Zillow has released its latest Negative Equity Report, which says that the national negative equity rate was 18.8 percent in the first quarter of 2014 (that is, the percentage of mortgaged owner-occupied homes with negative equity).