Development
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.
$120M in Financing Secured for Redevelopment of 662 KSF M-U Complex in Baltimore
The Rotunda, a 217,000-square-foot office and retail complex in Baltimore, is well on the way to being transformed into a premier 662,000-square-foot mixed-use destination, courtesy of a $120 million construction financing deal.
Premier Outlets to Build 400 KSF Fashion Outlet Mall in Augusta, Ga.
Premier Outlets, a division of Atlanta-based Ben Carter Enterprises, is planning a $200 million, 400,000-square-foot fashion outlet mall in Augusta, Ga.
Hillwood Communities to Break Ground on $600M Master-Planned Development in Little Elm, Texas
Hillwood Communities continues feeding the growing demand for new homes in Texas with two master-planned communities starting development this year, including a $600 million, 787-acre community in the Dallas-Fort Worth suburbs.
Hines Selects Gehry Partners Design for Germany’s Tallest Residential Tower
International real estate firm Hines announced Gehry Partners has won the architectural competition for the company’s 300-unit apartment project in Berlin. Slated to rise to a maximum of 492 feet, the 39-story structure will likely become the tallest building in Berlin and the tallest residential tower in the entire country.
BentleyForbes, Del American Establish M-F Development Partnership
Real estate investment firm BentleyForbes has joined forces with apartment developer Del American Real Estate Group to create a new multi-family development company.
The January digital edition of CPE is now available!
Editor’s Note: New Year’s Resolutions This new year brings promise of further economic improvement, but as I noted last month, it brings ample challenges, as well. News Story: Reinventing South Street Seaport One thing is certain: South Street Seaport in Lower Manhattan will be getting a makeover. Trend Story: Return of the Hotel Renovation The hotel industry is undergoing a renaissance. Cover Story: Skill Search Hiring: Demand for Talent, with a Taste for Capital Raising and Deployment Stars to Watch: Rising Leaders in CRE Plenty of people land a great deal before the age of 40. Sustainability: Water Works Payback issues aside,…
PM Realty, Atlas USA to Redevelop $1B M-U Site in Houston
PM Realty Group and financial partner Atlas U.S.A. Holdings will undertake the redevelopment of a 35-acre parcel in Houston’s Energy Corridor that is currently the location of ExxonMobil Chemical Co.
City of New York Renews, Expands to 233 KSF at Queens Atrium
Not only has the New York City Department of Design and Construction renewed its commitment to its home base at Queens Atrium in Long Island City in Queens, N.Y., the agency has also taken on some more elbowroom.
FRHI Hotels & Resorts to Open 7 Properties in Key International Markets in 2014
FRHI Hotels & Resorts (FRHI) will open a collection of seven properties in 2014. The new hotels, totaling 1,300 guestrooms, will be located in Russia, Turkey, Saudi Arabia, the UAE and Indonesia.
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