Regions
Canada Sells Landmark Diplomatic Building in London to India-Based Developer for $500M
The Canadian federal government has sold the iconic Macdonald House in central London to Lodha Group, one of India’s largest real estate developers.
Mission Cap Surpasses $1B in Residential Transactions
Mission Capital Advisors, a national real estate capital markets solutions firm, announced that its residential trading group has surpassed $1 billion in offered transactions for 2013.
Economy Watch: Federal Budget Deal Reached
Congress, which served as a drag on the economy in 2013 with its uncertainty-generating behavior, took a small step toward more consistent policymaking in 2014–it is an election year, after all–by passing a modest budget deal.
La Cite Development’s Village Lofts First Modular Development in Hempstead
Village Lofts, the first modular multifamily rental development to come to Long Island’s Nassau County, received a gala grand opening last week.
Florida Poly Taps Vestcor to Build Student Housing
Florida Polytechnic University in Lakeland has awarded Vestcor Communities, a subsidiary of the multifamily developer Vestcor Cos., a contract to build the school’s first student residence hall.
TODAY’S DEALS: MCS Capital Acquires 1,720-Bed Student Housing Asset
A joint venture sells a student housing asset serving Virginia Tech; URS Capital Partners completes its first apartment acquisition in Florida; and Johnson Capital’s Denver office arranges a $6 million loan.
Peak Campus Management Tapped to Manage University Station in Cincinnati
Ackerman Group has announced that is has chosen Peak Campus Management as the property manager for the real estate company’s University Station community.
Joe Scholes Promoted to Senior Vice President at FirstService Residential
FirstService Residential New York, a property management company in the New York metropolitan area, announced that Joe Scholes has been promoted to the position of senior vice president.
The Dolben Company Hires Two Regional Property Managers
The Dolben Company Inc., a full-service Boston-based real estate company, announced that Marie Moraski and Brian Shapiro have been promoted to the role of regional property manager.
Economy Watch: Net Household Worth Highest Ever
The Federal Reserve reported that U.S. household net worth increased in the third quarter, reaching a new high of nearly $77.3 trillion in 3Q13 compared with $75.3 trillion in 2Q13.