Business Specialties
Economy Watch: Mortgage Delinquencies, Seniors Housing Confidence, Initial Unemployment Claims
The delinquency rate for mortgage loans on one- to four-unit U.S. residential properties decreased and builder confidence in the single-family 55-and-up housing market rose at the end of the second quarter. Initial unemployment claims decreased last week.
HFF Secures $480M Construction Loan for 181 Fremont in San Francisco
HFF arranged $480 million in construction financing for 181 Fremont St., a 55-story, 684,000-square-foot Class A office and luxury condo tower in San Francisco’s South Financial District.
State Greenlights $115M Hotel at the University of Maryland
Now that the State of Maryland has given its approval, the University of Maryland will soon offer a four-star hotel at its campus in College Park, Md.
H&R Real Estate Investment Trust Acquires Winnipeg Center for $138.5M
H&R Real Estate Investment Trust has acquired Kildonan Place, a shopping center located in Winnipeg, for $138.5 million from a joint venture consisting of Ivanhoé Cambridge and Sears Canada.
INTERNATIONAL: Carlson Rezidor to Open Two New Hotels in Poland in 2016
Carlson Rezidor, one of the largest hotel companies in the world, is scheduled to open the Radisson Blu Resort, Świnoujscie and and the Radisson Blu Hotel & Residences, Zakopane in the fourth quarter of 2016.
INTERNATIONAL: Brookfield Multiplex to Deliver Twin Tower Apartment Project in London
Essential Living has selected global construction company Brookfield Multiplex to develop the iconic Helix twin tower residential complex on the edge of London’s Canary Wharf.
Forest City, Greenland USA Rename $4.9B Atlantic Yards
Greenland Forest City has just changed the name of the 22-acre mixed-use development to Pacific Park Brooklyn.
INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities
Bokserska Distribution Park in Warsaw and Westpoint Distribution Park in Prague sold above book value to Czech and British private investors.
Starwood Opens St. Regis Properties in Kazakhstan
Starwood Hotels & Resorts Worldwide Inc. is moving ahead with its plan to expand into emerging markets by opening The St. Regis Astana and The Residences at The St. Regis Astana in Kazakhstan in 2017.
Economy Watch: Home Price Increases Continue to Slow; Non-Manufacturing Sector Grows
Home prices nationwide, including distressed sales, increased 7.5 percent in June 2014 over the previous year, while economic activity in the non-manufacturing sector grew last month for the 54th consecutive time.