Regions
Economy Watch: Federal Deficit Shrinks in Fiscal ’13
The U.S. Department of the Treasury said that the federal government ran a $75 billion surplus during September, which was the last month of fiscal 2013.
Elad Group Launches Sales at Landmarked 22 Central Park South
The newest New York condominium project from developer Elad Group, 22 Central Park South, has commenced sales.
Growing Cities Ask For Larger Residential Projects in China as Xinyuan Announces Fifth Project in Five Months
As China’s cities continue to develop at an incredible pace, so does the amount of residential developments in the country, leading to a large number of new projects.
TODAY’S DEALS: Grandbridge Arranges $26.5M for California Apartments
Grandbridge arranges financing for two California assets; Associate Estates acquires an apartment community in Charlotte; and NorthMarq arranges $4.12 million in acquisition loans.
Dominium Starts Work on Minneapolis Adaptive Reuse
Work has started on A-Mill Artist Lofts, an adaptive reuse of a vacant Pillsbury flourmill on the banks of the Mississippi River in Minneapolis.
Mack-Cali, Roseland Open RiverTrace at Port Imperial
Mack-Cali Realty Corporation and Roseland recently celebrated the opening of RiverTrace at Port Imperial rental community.
Brookfield Office Properties Celebrates Groundbreaking of Western Canada’s Tallest Building
Brookfield Office Properties Inc. has begun construction on the first phase of the $1.3 billion Brookfield Place Calgary office complex in the city’s downtown core.
The Crown Estate’s $1.6 Billion Regeneration of Regent Street in London Reaches New Milestone
The Crown Estate’s £1 billion ($1.6 billion) regeneration of Regent Street has reached a new milestone as on-site work starts at Quadrant 2 South.
Lawrence Group Designing Two Reuse Projects in Richmond, Va.
Lawrence Group Architects is currently working with Sterling Bilder on two multifamily adaptive reuse projects with 39 apartments and 8,000 square feet of commercial and community spaces on Church Hill in Richmond, Va.
Economy Watch: Fed Says No Taper for Its Stimulus
The Federal Open Market Committee said that it plans to continue to stimulate the United States via its continuous (monthly) bond-buying program—at $85 billion a month—and isn’t going to taper that figure just yet.