Regions
Brookfield Multiplex Develops $160M Residential Project in Melbourne
Brookfield Multiplex has completed the construction of the $161 million The Quays residential project in the NewQuay precinct of the Melbourne Docklands.
TODAY’S DEALS: Natixis Provides Post Brothers with $148M for Apartment Acquisition
Natixis provides financing for a Philly acquisition and renovation; Centerline refinances a multifamily property in Oak Park, Ill.; and Eastern Union Funding arranges $8 million in construction financing in Philadelphia.
Economy Watch: Most Industries Hiring in February; Trade Deficit Drops
Most categories of employment saw some kind of net increase during February. Also, total January exports and imports resulted in a U.S. goods and services deficit of $39.1 billion, down from $42 billion in January 2013.
Work Under Way on Mixed-Use Project in Miami’s Wynwood District
Work has started on Wynwood Central, a mixed-used project in the Wynwood district of Miami.
TODAY’S DEALS: SIR Acquires Second Phase of Indiana Development
Steadfast Income REIT picks up phase two of newly built community; a South Carolina asset trades hands for $9.3 million; and Wallace Capital provides a $1.7 million acquisition bridge loan for a 20-acre site.
Funding in Place for Monastery to Seniors Conversion in Chicago
Senior Lifestyle Corp. has obtained funding for the redevelopment of a monastery on the Northwest Side of Chicago. The Low Income Housing Tax Credits were provided by Boston Capital.
Economy Watch: Moderate Job Growth; Household Net Worth Increases; Negative Residential Equity Shrinks
The modest increase in U.S. jobs continued in February, with the addition of 175,000. Household net worth increased again in the fourth quarter of 2013 to a record level. And 4 million U.S. mortgage holders returned to positive equity in 2013.
Luxury Gold Coast Community Opens in Weehawken, N.J.
Hartz Mountain Industries and Roseland officially open Estuary at Lincoln Harbor, the newest luxury waterfront rental on New Jersey’s Gold Coast.
Village Green Buys Streeterville Apartments, Plans Improvements
Village Green has acquired a 21-story, 147-apartment community in the Streeterville neighborhood of Chicago. Plans call for a repositioning and rebranding.
Meta Housing Corp. Developing Seniors Housing in Compton
Meta Housing Corporation details its development of Metro @ Compton Senior Apartments, a 75-unit, sustainably-designed and transit-oriented affordable multifamily community for seniors aged 55 and older.