Regions
ULI Spring 2014: The Business Case for Resilience
As the frequency and intensity of catastrophic natural disasters increase, the real estate community has shifted a focus on how to build and retrofit cities to withstand their impacts.
Tryko Expands Presence in Virginia With Acquisition of Peninsula Grove
Tryko Partners has acquired the 580-unit Peninsula Grove at Town Center apartment community in Hampton, Va., from Intercontinental Real Estate Corp. The participants in the deal didn’t disclose the price.
TODAY’S DEALS: Meridian Arranges $24.8M in Acquisition Financing for Chicago Portfolio
Meridian Capital Group arranges $24.8 million in acquisition financing for an eight-property multifamily portfolio; and Oak Grove Capital provides $11.1 million in FHA refinancing and obtains a waiver to three-year rule.
Aquinas Realty Partners Breaks Ground on Philadelphia Community
Aquinas Realty Partners, along with Philadelphia Mayor Michael A. Nutter, City Council President Darrell Clark and the Philadelphia Redevelopment Authority, recently hosted a groundbreaking event for a redevelopment project located at 2017-2023 Chestnut Street in Philadelphia.
Places for People Enters Joint Venture with Barratt Homes to Create 2,000 New Homes in Milton Keynes
Places for People, a UK-based property management, development and regeneration company, recently announced it has entered into a new joint venture with Barratt Homes that will create 2,000 new homes at their Brooklands development in Milton Keynes, England.
Innocence Island, Largest Privately Held Island in the Bahamas, Up for Auction
The largest privately owned island in the Bahamas will soon be up for grabs as Concierge Auctions recently announced that the property will be on the block this May.
W. P. Carey Finances Construction of Wartsila’s R&D and Training Complex in the Netherlands
W. P. Carey Inc. has announced an $18.7 million build-to-suit financing transaction on behalf of one of its non-traded REIT affiliates, CPA®:17 – Global (or Corporate Property Associates 17 – Global Incorporated).
Strategic Properties Group and ALTA Developers Team on Condo in Miami’s Brickell Financial District
A joint venture between South Florida-based Strategic Properties Group and ALTA Developers is developing Le Parc at Brickell, a 12-story boutique-style luxury condominium in Miami.
IREM and CCIM Honor Rep. Steve Stivers (R-OH) as ‘Legislator of the Year’
The Institute of Real Estate Management (IREM®) and the CCIM Institute have jointly honored U.S. Congressman Steve Stivers (R-OH) with their 2014 “Legislator of the Year” award.
Economy Watch: Fed Doesn’t Want to Raise Rates
According to the minutes of the most recent Federal Open Market Committee meeting the committee said (in central-bank language) that 6.5 percent U.S. unemployment was no magic number.