Barbra Murray
Regency Centers Begins Construction on 109 KSF Retail Property Near L.A.
Marking its second California development project of the year, Regency Centers has commenced construction on South Bay Village, a 109,300-square-foot neighborhood shopping center in Torrance, 19 miles outside of downtown Los Angeles. The retail property developer will invest $30 million in the project.
WNC Closes $100M Affordable-Housing Fund
WNC & Associates Inc. has closed WNC Institutional Tax Credit Fund 35, a $100 million, multi-investor Low Income Housing Tax Credit fund that will finance 18 affordable housing communities, encompassing an aggregate 1,134 residences.
Ralcorp Signs 175 KSF Lease at Bank of America Plaza in St. Louis
Private-label foods producer Ralcorp has signed a 175,000-square-foot lease at St. Louis’ Bank of America plaza, an agreement that includes a 57,000-square-foot expansion.
Exclusive: JLL Expands Operations with Fourth Office in Mexico
Commercial real estate in Mexico is heating up and Jones Lang LaSalle Inc. is expanding its presence in the country with the opening of an office in Guadalajara in the state of Jalisco.
USAA Real Estate Acquires Interest in Square Mile Capital Management
USAA Real Estate Co. and Square Mile Capital Management L.L.C. now have something quite important in common — each other — with USAA’s strategic investment in Square Mile.
Covenant Retirement Communities Achieves $59.1M in Financing
Ziegler has facilitated a tax-exempt bank direct purchase on behalf of seniors housing company Covenant Retirement Communities. The direct purchase came in the form of two series of bonds totaling approximately $59.1 million and representing the first multi-state bond issuance by the Illinois Finance Authority.
Fashion Retailer Leases 218 KSF in Houston
Francesca’s Holdings Corp., the company behind the Francesca’s Collection fashion boutiques, has signed a lease for 218,000 square feet to consolidate its corporate headquarters and distribution facility “back under one roof” in Houston.
McRoberts Joins Prudential Mortgage, Latest in String of GSE Departures
Prudential Mortgage Capital has hired Michael McRoberts, the latest in a string of departures from the government-sponsored enterprises, to head its Fannie Mae and Freddie Mac lending business.
$1B Innkeepers Portfolio Sale Back on Track
Innkeepers USA Trust’s deal to sell a 64-hotel portfolio to a joint venture consisting of Cerberus Series Four Holdings L.L.C. and Chatham Lodging Trust as part of its Chapter 11 plan of reorganization is back on again.
New Boston Fund Secures Financing for M-F Project
New Boston Fund and Asian Community Development Corp. recently secured city and state funds for the construction of a $130 million, 345-unit mixed-income multi-family property in Boston’s Chinatown.