Business Specialties
Fannie’s, Freddie’s Woes Don’t Extend to M-F Side
New amendments to the GSEs, such as the percentage dividend payments to the Treasury and reductions to their investment portfolios, will still leave the multi-family market unscathed.
Howard Hughes, Others Pursue Mall Redevelopments in New Orleans
By Eliza Theiss, Associate Editor The Howard Hughes Corp. will be investing $70 million in redeveloping the Riverwalk Marketplace into an upscale outlet center, rebranding it The Outlet Collection at Riverwalk. Project plans call for increasing the property by 25 percent, to approximately 250,000 square feet, by late 2013. But The Outlet Collection at Riverwalk […]
Paul Daneshrad: Where Are the Best Multi-Family Investment Opportunities
Starpoint CEO Paul Daneshrad blogs on CPE’s From the Inside about the best locations for multi-family property investment.
Rappaport, Chestnut Hill Form CHR Investors
Real estate heavyweight Jerry Rappaport has joined Chestnut Hill as managing director on a new venture that will focus on apartment real estate investment.
JV Buys Office Building in Chicago’s West Loop
A joint venture has purchased 230 W. Monroe, a building in Chicago’s popular West Loop area. The building is the second of two similar Class B buildings to have been sold by the General Electric Pension Trust affiliate.
Talbert House to Build 39-Unit Affordable Housing Development in East Price Hill
By Adrian Maties, Associate Editor Talbert House started work on Aug. 9 on the Talbert House Grand Development Initiative, a complete renovation of an apartment building in East Price Hill that will provide affordable housing for people who want to live in a drug- and alcohol-free environment. More than 50 community leaders attended the groundbreaking […]
Jabal Omar Development to Open 10 Hotel Towers in Mecca
Jabal Omar Development is planning to open 10 hotel towers in Mecca, to accommodate the growing number of annual Islamic pilgrimages to the area.
Newcastle Bullish on Seniors Housing
Newcastle Investment bought eight seniors housing properties in five western states. The increasingly growing need for seniors housing influenced the company’s acquisition.
Westport Capital Buys 220,000-SF Suburban Phoenix CRE Portfolio
Westport Capital Partners bought the Agave Center in Tempe, Ariz., with plans to increase leasing.
Pantzer Grabs M-F High-Rise in Metro D.C. for $168M
Panzter Properties has bought an 891-unit high-rise complex in Silver Spring, Md., for $168 million.