Regions
Simon Property Group, SmartCentres and Calloway REIT Break Ground on Second Premium Outlets Center in Canada
Representatives from Simon Property Group Inc., SmartCentres and Calloway REIT recently held a formal celebration to mark the groundbreaking of the Premium Outlets Montreal, the second Premium Outlet Center in Canada. Calloway is a Canadian real estate investment trust with total assets of approximately $7 billion.
St. Anton Partners Teams With Facebook To Develop Menlo Park Apartment Community
St. Anton Partners and Facebook have teamed on a strategic collaboration to build Anton Menlo, a 394-unit multifamily housing community within walking distance of Facebook’s existing Menlo Park headquarters and its new West Campus, which is currently under construction.
Economy Watch: ADP Reports Modest Jobs Growth
In a normal first week of the month, Wednesday’s Automated Data Processing report on employment would be a way station on route to more official numbers on jobs from the Bureau of Labor Statistics, and probably not a good predictor of the government numbers.
Carter Starts Construction of San Antonio Student Housing
Real estate developer Carter has started work on a 198-unit, 590-bed student housing project about half a mile from the University of Texas at San Antonio.
TODAY’S DEALS: Greystar Sponsors Recapitalization of $440M Portfolio with Ivanhoé Cambridge, Goldman Sachs and Partners
Greystar sponsors the recapitalization of a $440m portfolio; Colliers completes a $57.8 million sale in Arizona; and NorthMarq arranges $13.4 million in construction financing for a student housing asset in Oklahoma.
Material ConneXion Opens its 11th Library in Tokyo
Material ConneXion announced the official opening of its 11th international library, located in Tokyo, Japan.
McMillin Communities Breaks Ground on 210-Acre Community in South San Diego County
McMillin Communities shifted its focus back to Southern San Diego County with the recent ground breaking ceremony for its multi-billion dollar Millenia project, which will feature the creation of 3,000 multi-family residences, 2 million square feet of office spaces and 1.5 million square feet of retail, hospitality, civic and mixed use projects over the next 20 years.
Economy Watch: Too Soon to Gauge Shut Down Impact
Day One of the federal government shut down, 2013 version, passed without too much incident on Tuesday. As expected, certain functions of the U.S. government came to a halt. Also as expected, Congress didn’t act to resolve the situation.
Ram and Lennar Joint Venture to Develop Luxury Apartments
Ram Realty Partners III, an affiliate of south Florida-based Ram, has announced an equity investment in a joint venture to develop The Crest at Midtown, a new 261-unit luxury mid-rise apartment community on an infill site in the Midtown submarket of Charlotte, N.C.
How the Government Shutdown Might Affect the Housing Industry
The United States government has shut down as of today, Tuesday, October 1, 2013. How could this affect the housing industry?