Business Specialties
IPD Conference: Unfinished Business Hampers Cap Markets' Rebound
Real estate capital markets present a mixed bag of promise and unresolved issues left over from the Great Recession, according to the leading economists, analysts and financiers who spoke at a forum sponsored by IPD in New York City.
Stiles Begins Construction on Ft. Lauderdale Mixed-Use Development
A new mixed-use development is sprouting up in Plantation, Fla., at the hands of Stiles. In a two-part endeavor, the developer will erect a new luxury apartment complex and redevelop a neighboring commercial retail segment in the city’s Midtown District within the greater Ft. Lauderdale area.
AvalonBay Spends $63M on N.J. Multi-Family Complex
After a $63 million purchase, AvalonBay Communities Inc. is the proud owner of Windsor at Crystal Ridge, a 334-unit, Class A multi-family complex in central New Jersey.
Pru Delays $444M Newark Tower
The near-term fate of Prudential Financial’s proposed $444 million, 650,000-square-foot office-tower development in downtown Newark rests with the New Jersey Economic Development Authority and the Appellate Division of New Jersey’s Superior Court.
Shakopee City Council Approves Economic Development Incentives
By Gabriel Circiog, Associate Editor Shakopee City is set to welcome two new companies that will bring hundreds of jobs to town after the city council approved economic development incentives for SanMar Corp. and Trystar Inc., the Minneapolis / St. Paul Business Journal reports. SanMar Corp., an imprintable-clothing supplier, will invest $35 million to build […]
Paul Daneshrad: Multi-Family’s Future
Starpoint CEO Paul Daneshrad blogs on CPE’s From the Inside experts blog about the outlook for the multi-family property sector and his company’s investment plans.
New Orleans Opens Libraries Worth $34M
By Eliza Theiss, Associate Editor Five state-of-the-art public libraries worth a combined $34 million are scheduled to open in The Crescent City. This will raise the number of restored Katrina-marred libraries to a total of 10. The facilities are a mix of restored buildings and brand-new facilities featuring green elements, Wi-fi hotspots, cafés, computer labs […]
WNC Closes $100M Affordable-Housing Fund
WNC & Associates Inc. has closed WNC Institutional Tax Credit Fund 35, a $100 million, multi-investor Low Income Housing Tax Credit fund that will finance 18 affordable housing communities, encompassing an aggregate 1,134 residences.
Investcorp Acquires $65M Mixed-Use Portfolio in California
In the largest transaction to close in the Northern San Francisco Bay Area thus far in 2012, Investcorp has added a 14-property portfolio to its holdings in a partnership with PB&J Acquisitions.
Marcus & Millichap: Recovering Markets to Spike Hotel Activity
A new report by Marcus & Millichap predicts that room demand will grow in the coming year. Driven by increased capital flows and a falling unemployment rate, the national occupancy rate could rise as high as 60.7 percent — a 0.6 percent increase from 2011.