Regions
Prism Puts Penthouse Units on Market
Prism Capital Partners, in its efforts to lease units at Parkway Lofts, its new redevelopment in Bloomfield, N.J., has unveiled the property’s one-bedroom penthouse apartments. The penthouses measure 814 square feet and include views of Manhattan or the Watchung Mountains.
Oberoi Realty Announces Partnership with The Ritz-Carlton for Iconic M-U Worli Development
The Ritz-Carlton Hotel Company recently signed a long-term management agreement with Oasis Realty, a joint venture between Oberoi Realty and Sahana Group, to open the first Ritz-Carlton in Mumbai, the entertainment, commercial and financial capital of India.
TODAY’S DEALS: Resource Real Estate Buys Two Atlanta Apartment Assets
Resource Real Estate Opportunity REIT grabs 359 units in Atlanta; Aragon Holdings acquires a two-property portfolio in Denver; and NorthMarq Capital arranges a $20.5 million Freddie Mac refinancing loan.
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.