Business Specialties
WNC Closes Low-Income Housing Fund
WNC has closed WNC Institutional Tax Credit Fund 39 L.P., a $125 million institutional low-income housing tax credit fund.
INTERNATIONAL: Brookfield Multiplex to Complete Final Stage of Melbourne Apartment Project
By Adriana Pop, Associate Editor Leading global contractor Brookfield Multiplex has been appointed by Far East Consortium to design and build the fourth and final stage of the massive Upper West Side residential and retail development in Melbourne’s CBD. Valued at nearly $149 million (AUD 160 million), the new 53-story building at 33 Rose Lane will provide 641 apartments, along with a large retail arcade with room for 11 tenancies, a communal swimming pool and a gym. Scheduled for completion in November 2016, the project will target a 4 Star Green Star Multi-Unit Residential V1 Design rating, under a 2009…
CBRE GMM Closes Asia with $236M in Commitments
CBRE Global Multi Manager has completed the final close of the Asia Alpha Plus III Fund.
INTERNATIONAL: Deloitte Puts $1B Price Tag on The Gherkin Building
An overseas buyer is reportedly set to become the new owner of London’s iconic Gherkin Building, which has been put up for sale.
ABM Acquires NoCal HVAC Service, Energy Solutions Provider
ABM Building & Energy Solutions has acquired Airco Commercial Services Inc., a Northern California provider of HVAC service, energy solutions and building controls located in Sacramento, Calif.
Wanda Group to Build $1.2B MXD in LA
Chinese conglomerate the Wanda Group has outbid numerous other parties for a prime site in Beverly Hills, on which it plans to build a mixed-use project.
Chip Clarke on Corporate Growth
Transwestern President/Americas Chip Clarke spoke with Commercial Property Executive during the National Association of Real Estate Editors conference in June 2014 about growth markets and tenant needs.
Federal Government’s Partnership for Sustainable Communities Celebrates 5 Years of Progress
The Partnership for Sustainable Communities has covered a lot of ground since its inception, and it has big plans for the future.
W.P. Carey Buys Corporate HQ Property in Norway for $114M
In its second acquisition in Norway this year, W.P. Carey Inc. has added the 275,600-square-foot headquarters of Total E&P Norge AS to its portfolio.
Meridian Finances 1412 Broadway Purchase
Meridian Capital Group L.L.C. provided $165 million in permanent and mezzanine financing for the purchase of 1412 Broadway in Manhattan.
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