Regions
TODAY’S DEALS: Veritas Acquires $100M in Multifamily Mixed-Use Properties in San Francisco
Veritas Investments Inc. announced the acquisition of a 14-property portfolio of multifamily mixed-use buildings in San Francisco; and Walker & Dunlop provides a $44.2 million bridge loan for Nashville apartments.
Crescent, Glimcher Move Forward with Construction of Crescent Scottsdale Quarter
Crescent Communities and partner Glimcher Realty Trust have announced the ground breaking on a $61 million, 275-unit luxury rental community in the North Scottsdale retail hub, Scottsdale Quarter.
WinnCompanies adds Worcester City Manager O’Brien as Executive VP
WinnCompanies, a real estate development and property management company, announced that Michael O’Brien has been hired as executive vice president.
Campus Advantage Acquires Housing Near University of Missouri
Student housing company Campus Advantage has acquired The Domain at Columbia, enabling the company to expand its presence within the fast-growing University of Missouri-Columbia student-housing market.
Economy Watch: Negative Equity Nose Dives
Zillow reported that one of the persistent hangovers of the housing bubble and the recession that followed, namely negative residential equity, dropped in the third quarter of 2012 to 21 percent of all homeowners with a mortgage.
Largest Logistics Facility in Poland to be Developed by Goodman and Leased by Amazon
Goodman has recently announced it is developing a 95,000-square-meter (approximately 1 million-square-foot) fulfilment center for Amazon in Wroclaw.
New N.Y. Affordable Housing Finance Initiative Kicks Off in Poughkeepsie
The first loan through a new initiative to preserve affordable multifamily housing has closed for a property in Poughkeepsie, N.Y.
TODAY’S DEALS: LCOR Secures $49M+ Construction Loan for Mixed-Use Community
LCOR has closed on construction financing for its 304,271 sq. ft. mixed-use project at 638 Bloomfield Ave. in Montclair, N.J.; and Cohen Financial arranges more than $5.4 million for an acquisition.
TDI Breaks Ground on Transit-Oriented, Mixed-Use Project in Farmingdale, N.Y.
TDI Real Estate Holdings LLC announced that construction has commenced on a $40 million transit-oriented, mixed-use project in Farmingdale, N.Y., across the street from Farmingdale Station.
Zaha Hadid-Designed Stadium Project Revealed for 2022 FIFA World Cup in Qatar
The 2014 World Cup will be held in Qatar, making Quatar the first host nation from the Middle East. The event organizers, the Qatar 2022 Supreme Committee, recently unveiled the design provided by Zaha Hadid for the stadium that will be constructed in Al Wakrah, one of the host cities of the 2022 FIFA World Cup.