Business Specialties
Silverstone Sells M-U Apartment Tower in Manhattan for $100M
Owner-developer and affiliate of Madison Realty Capital, Silverstone Property Group has sold 247 E. 28th St., also known as The Grayson, for $100 million.
Elm Associates JV to Redevelop $171M M-U Skyscraper in Downtown Dallas
A stalled effort to redevelop 1401 Elm, a vacant 52-story, 1.5 million-square-foot downtown Dallas office building, into a mostly residential tower should move forward now, following the building’s purchase by a new joint venture.
KDC to Develop 2 MSF Transit-Oriented Project in Metro Atlanta
KDC is developing a 2.2 million-square-foot corporate office development on 17 acres in the Perimeter Center area of Dunwoody, Ga.
AvalonBay Sells 268-Unit Apartment Community in Danbury, Conn., for $53M
Fifteen years after developing Avalon Valley, a 268-unit apartment property in Danbury, Conn., AvalonBay Communities has sold the asset to Ergs Konover/Outlook Holdings for $53 million.
LaSalle Picks Up London Student Housing for $70M
Leading global real estate investment manager LaSalle Investment Management has bought a Victoria Hall student housing property located in Wembley, paying $70 million – a net initial yield of 6.57 percent.
Fannie and Freddie Maintain Financing Levels in 2013
Preliminary reports indicate that the agencies continued to dominate the multifamily sector with more than $55 billion in financings, says Jones Lang LaSalle.
BlackBerry to Sell 19-Building CRE Portfolio in Search of Funds
BlackBerry is set to sell a large chunk of its real estate assets in 2014, as the company has sought the guidance of real estate brokerage CBRE in the hopes of moving out its office space.
JLL: The Multi-Family Lending Environment
Industry experts at MBA’s CREF/Multifamily Housing Convention & Expo in Orlando project origination of commercial and multifamily mortgage will grow seven percent to $300 billion in 2014.
Skanska to Build Research Center for University of Connecticut for $88M
Skanska USA has been tapped by the University of Connecticut to erect the educational institution’s new 115,000-square-foot Innovation Partnership Building research facility on the campus in Storrs, Conn.