Regions
DAMAC Properties Amasses Awards
Residential, hospitality and commercial developer DAMAC Properties has received five awards during the property awards season, increasing its past successes.
Union Investment Real Estate AG Acquires Poland’s Largest Shopping Center in Largest Single Retail Asset Deal of the Year in Europe
Union Investment Real Estate AG has closed on the acquisition of the Manufaktura regional shopping center in Łódź, Poland, for the open-ended real estate fund Unilmmo: Deutschland.
SPECIAL REPORT: Multifamily Industry Will Decelerate in 2013, Panelists Agree
The exuberant levels of multifamily rent increases, transactional activity and equity investments are due for a slowdown over the next year, suggested speakers at the 2012 CREW Network Convention and Marketplace held in Chicago.
Greystar’s Elan Settler’s Landing Celebrates Grand Opening in Maryland
Greystar recently celebrated the grand opening of Elan Settler’s Landing, a new 240-unit, Class-A luxury apartment community in California, Md.
Suburban N.Y. Affordable Apartments Completed
Spring Valley Family Apartments, a mixed-use development featuring 55 units of affordable housing and 6,500 square feet of ground floor commercial space in downtown Spring Valley, has been completed.
Economy Watch: Job Creation Continues Steady Pace
The Bureau of Labor Statistics, despite speculation involving hurricane-related delays, did indeed report the monthly employment numbers on Friday, as scheduled. The result: the U.S. economy created 171,000 jobs in October, more-or-less as expected. The unemployment rate ticked up a bit, to 7.9 percent.
TODAY’S DEALS: HFF Arranges $11.5M Refinancing for Manufactured Home Community
HFF announced it has arranged an $11.5 million refinancing for Pacific Skies Estates; and Boston Capital Invests in a tax credit rehabilitation.
SPECIAL REPORT: Hurricane Sandy Likely to Stimulate Economy in Medium Term
Commercial property financing volume has increased by 25 percent in the first few weeks of the fourth quarter, said Sam Chandan, president and chief economist of Chandan Economics.
NorSouth Constructs’ Project of the Year is Green Community for Seniors
NorSouth Constructs has announced the opening of Oliver House, the second phase of a $30 million redevelopment of Allen Wilson Terrace Public Housing by the Decatur Housing Authority.
Canadian Real Estate Investment Trust Moves for Calgary Office Towers
The Morguard Real Estate Investment Trust has made an announcement regarding its most recent addition to its office portfolio. The entity has acquired a Calgary Class-A office property after the agreement to purchase the 100 percent freehold interest in the asset was finalized.