Regions
TODAY’S DEALS: CBRE Global Investors Acquires D.C.-Area Community
CBRE buys a 413-unit asset in Ashburn, Va. and HFF provides a $13.8 million mezzanine loan for an Edwards Companies development.
Lennar Multifamily Awards Greystar Student Living Management of 343-Bed Student Community
Greystar Student Living, the student housing subsidiary of Greystar Real Estate Partners, will manage The Crest at Pearl, a student housing community in the West Campus area of Austin, Texas, according to Lennar Multifamily, a real estate investment program started by the Lennar Corporation.
Boston’s Parcel 24 Development to be Called One Greenway
The joint venture development to be sited on Parcel 24 in Boston has been named One Greenway. The New Boston Fund Inc. and the Asian Community Development Corporation (ACDC) made the announcement.
Economy Watch: Pending Home Sales Continue Rising
The National Association of Realtor’s Pending Home Sales Index, a forward-looking indicator based on residential contract signings, but not closings, increased 6.7 percent to 112.3 in May from 105.2 in April.
Select Property Announces Sale of Most Residences at West Avenue in Dubai Marina
Just five months after launching the project, Select Property has sold over 90 percent of the units at West Avenue, the first new residential tower in Dubai Marina since 2008.
Seniors Housing Development Nears Completion in Metro Cleveland
Work is nearly complete on Emeritus at Newell Creek, a seniors housing property in Mentor, Ohio.
India’s First Ascott-Branded Serviced Residence Announced
Ireo, India’s first and largest private equity fund dedicated to the Indian real estate market, recently announced it has entered into management agreements with serviced residence provider, The Ascott Limited, for India’s first Ascott-branded serviced residence in the master-planned Ireo City community in Gurgaon.
Historic Parisian Hotel Reopens as Starwood Hotels Continues to Unveil Restored Properties in Luxury Collection Brand
A massive renovation of one of the city’s most intriguing hospitality properties was recently re-opened.
TODAY’S DEALS: NorthMarq Arranges $32M for California Construction
NorthMarq arranges construction financing for a JV development; Korman Communities sells a 124-unit community with help from HFF; and Crescent Communities buys two acres for a TOD development in Orlando.
Lutz Real Estate Investments Acquires Student Housing at Baylor University
Lutz Real Estate Investments has partnered with Harrison Street Real Estate Capital on the purchase of Abbey Glenn Apartments, a student housing community that sits near Baylor University in Waco, Texas.