Business Specialties
New Boston Fund Secures Financing for M-F Project
New Boston Fund and Asian Community Development Corp. recently secured city and state funds for the construction of a $130 million, 345-unit mixed-income multi-family property in Boston’s Chinatown.
Jersey City Office Tower Commands Record $378M for Brookfield
Multi-Employer Property Trust, a national real estate equity fund, raises its profile in the metropolitan New York City market.
Economy Watch: Homebuilders Less Glum; PPI Spikes; BofA Shrinks
Homebuilder confidence rose in October, after little positive direction since April 2010, while the Producer Price Index surged by 0.8 percent, higher than expected, and Bank of America relinquished its title of largest U.S. bank to JP Morgan Chase.
Seniors Housing Portfolio Trades for $52M
With investors’ eyes on seniors housing these days, ownership of a three-property portfolio in Indiana became the latest to trade hands.
Private-Equity Investments in Grubb & Ellis May Signal Larger Deal
Grubb & Ellis’ announcement on Monday that it is in exclusive negotiations with affiliates of the two private equity firms has ramped up speculation that a deal is afoot.
GGP Reaches Refinancing Goals with $966M of New Mortgages
The four most recent transactions bring GGP’s refinancings to $3.9 billion for the year.
EXPO REAL Report: Euro Zone Crisis Prompts Mixed Sentiment
Europe’s growing sovereign debt crisis topped the list of concerns at this year’s EXPO REAL, which drew 37,000 attendees to Munich this month.
Africa Israel Sells Manhattan’s Clock Tower Building for $165 Million
The sale brings down the curtain on Africa Israel’s plan to convert the 267,000-square-foot property into high-end condominiums.
Philadelphia’s High-Rise Drought Eased by 34-Story Apartment Project
The $104 million project would be the first high-rise in any property category to get under way in the city since the 2008 opening of Comcast Center.
GE Taps Colorado for $300M Solar Panel Plant
Large, lightweight panels produced at the facility will make solar installations on commercial building rooftops more efficient, GE contends.