News
China’s Modern Land Makes Major Multifamily Move
Newly formed affiliate AMG Capital LLC will focus on premier multifamily assets in high-growth U.S. markets.
Hudson Yards to Have Big Impact on NYC Economy
Upon completion, the massive mixed-use project is expected to add nearly $19 billion to the city’s GDP, according to a new report released by Related Cos. and Oxford Properties Group.
PAC Acquires Grocery-Anchored Portfolio in the Sunbelt for $68.7M
Preferred Apartment Comunities of Atlanta paid nearly $70 million for six grocery-anchored shopping centers in the Sun Belt area.
Economy Watch: Minimal Consumer Spending Growth Signals Less Confidence
April ended with only minimal growth in consumer spending as their expectations for future economic growth weakened.
Camden Property Trust to Sell $630M Vegas Portfolio
As part of its capital recycling program. the REIT is letting go of a sizable portfolio, including 15 multifamily properties, a retail center and several acres of undeveloped land.
NYU Langone Leases Entire Manhattan Office Tower
The medical center signed a 30-year lease to take up the whole space at Columbia Property Trust’s 222 E. 41st St., with plans for a significant capital investment.
Skanska to Build $70M LifeWay Corporate HQ in Tennessee
The major construction player will build the nine-story headquarters in Nashville’s emerging 32-acre Capitol View campus.
SSGT to Lease up Metro Miami Self-Storage Facility in 2017
Strategic Storage Growth Trust agreed to purchase an upcoming Pembroke Pines development consisting of 880 climate-controlled units upon issuance of a certificate of occupancy.
Cousins, Parkway Bank on Sun Belt
The deal would expand Cousins’ footprint in the trophy office market and create a new REIT combining the companies’ holdings in hard-hit Houston.
NGKF Cincinnati Welcomes New CRE Associate Director
In his new position, John Rubin will assist clients with the understanding of rights and liabilities throughout the whole landlord-tenant relationship cycle.