Business Specialties
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.
Company Giants Bid for Central Park M-U Project in Dublin Worth $420M
A massive mixed-use project, Central Park, is set for expansion as a major real estate deal nears completion in Ireland’s capital.
CIM Group Acquires 7-Asset Portfolio from CW Capital
CIM Group has acquired a seven-asset portfolio headlined by Two California Plaza, a 52-story, Class A office building in downtown Los Angeles.
Rodeo Drive Retail Building Refinanced to the Tune of $120M
Mesa West has doled out $120 million in financing to ECA Capital for the recapitalization of 338-342 N. Rodeo Drive, a 20,700-square-foot retail building in the über-prestigious Golden Triangle area of Beverly Hills.
Brookfield to Start $200M Redevelopment of NYC’s 450 W. 33rd St.
Brookfield Office Properties is giving 450 W. 33rd St. in New York City a $200 million makeover, modernizing it and integrating it with the firm’s $4.5 billion, 7 million-square-foot Manhattan West mixed-use project.
Senior Housing Properties to Buy 2 Biotech Buildings in Boston for $1.1B
Senior Housing Properties Trust has agreed to buy two 15-story biotech medical office buildings, which include a connected three-level, 740-stall, below-grade parking garage, located in Boston’s premier Seaport District for a purchase price of $1.1 billion.
Outlook 2014: Emerging Trends
Mitchell Roschelle, Steven Blank and Andrew Warren sit down with CPE to evaluate the results of the Emerging Trends in Real Estate 2014 report during the Urban Land Institute Fall Meeting.
Colliers Expands in U.K. Retail Sector with Acquisition of London’s Briant Champion Long
Colliers International, the third-largest commercial real estate services company in the world, has expanded its presence in the U.K.’s retail real estate arena with the acquisition of Briant Champion Long.
SPECIAL REPORT: MBA Delivers Cautious Economic Outlook for 2014; Financing Hits Highest Level Since ’07
Mortgage originations for multi-family and commercial real estate in the last quarter of 2014 reached the highest volume achieved since 2007. Multi-family financing, in particular, has returned to levels last witnessed at the peak of the market.