Development
INTERNATIONAL: Brookfield Begins Construction on $88M Senior-Living Community in Sydney
Leading global contractor Brookfield Multiplex has broken ground on an $88 million senior living community in Sydney’s Vaucluse suburb.
Douglas Wilson Cos. JV Buys 2.5 Acres in Tempe
Hayden House Tempe, a partnership among Douglas Wilson Cos., Hensel Phelps Development, and Karlin Real Estate, has acquired 2.51 acres in Tempe for from Michael Monti’s Catering.
Magellan JV Gets $80M Construction Loan for Miami M-F Tower
A joint venture of Magellan Development Group, Midtown Development and an unidentified institutional investor has secured $80 million in construction financing for Midtown 5, a 24-story luxury apartment tower in Midtown Miami.
ULI Special Report: Cities Worldwide Grapple with Affordable Housing Issues
Urban centers globally, such as Hong Kong and London, are also grappling with affordable housing shortages.
National RE, KRE Group Break Ground on Jersey City M-U Tower
National Real Estate Advisors and the KRE Group have officially broken ground on Journal Squared, a three-tower, mixed-use development adjacent to Jersey City’s Journal Square PATH Station.
Greenbuild Special Report: Finding the Value of Healthy Buildings
Much like when the green building movement that first hit CRE at the turn of the millennia, we are currently sitting at the starting line for a new era of change. This time the target is not the building, but rather its users.
Virtus, Aspen Heights to Build 684-Unit Student Housing Community near University of Oklahoma
Virtus Real Estate Capital has joined forces with student housing development and management company Aspen Heights to build Aspen Heights Norman, a 684-bed cottage-style community near the University of Oklahoma in Norman, Okla.
INTERNATIONAL: Hyatt, PRISA JV Breaks Ground on Hyatt Place San Juan
A joint venture between Hyatt, PRISA Group and McConnell Valdes Consulting has broken ground on the 149-room Hyatt Place San Juan hotel in Puerto Rico.
Ridgeline, Hillwood JV to Develop 1.1 MSF Braselton Commerce Center in Atlanta Submarket
There’s a genuine dearth of modern big-box industrial product in metropolitan Atlanta, and Ridgeline Property Group and Hillwood Investment Properties are primed to help fill the void.