News
Bascom Group, Carlyle Realty JV Buys MF Asset in Emeryville
Bridgecourt Apartments in Emeryville was recently acquired by a joint venture of The Bascom Group and funds managed by Carlyle Realty Partners. The buyer paid a total of $45.1 million for the asset in a deal arranged by Stephen Jackson and Mark J. Feldman of Colliers International. CBRE Capital Markets provided a $40.6 million loan through California Bank & Trust, with the funds being used in the transaction.
Banco do Brasil Americas Adds 3 New Branches in SoFla
Miami-based Banco do Brasil Americas has signed leases for three new South Florida branches. The offices are located in Lighthouse Point, Aventura and one that is already in use in Doral. Senior Vice President Luciana Carvalho of Blanca Commercial Real Estate finalized the lease transactions with Banco do Brasil Americas. Financial terms of the agreements were not disclosed.
Martin-Brower Co. To Build $16M Food Distribution Facility In Walker
The Martin-Brower Company, a division of Reyes Holdings, is expanding in Louisiana. Last week, the company announced that it plans to build a $16 million food distribution facility in Walker. The project will retain 160 existing jobs and will create more than 50 direct and indirect jobs.
Tucson International Airport begins $15M-$20M Terminal Upgrade
The Tucson Airport Authority has selected Sundt Construction, Inc. as construction manager at risk for a terminal optimization program at the Tucson International Airport. The project is expected to begin in late 2015 and the construction cost is budgeted at $18-23 million.
Prudential Mortgage Provides Financing for 4 West Coast Shopping Centers
Prudential Mortgage Capital has given a developer a financial boost.
Denver Multi-Family Market Heats Up
It’s getting hot in Denver–the economy and job market are booming, driving up apartment demand, and investors are paying attention.
International: Lend Lease Lends a Hand in Malaysia
Lend Lease continues tackling projects in Malaysia, this time a large-scale urban regeneration hub.
Urban Land Institute Unveils Vision for NRG Astrodome
The future of Houston’s NRG Astrodome remains unclear, but strides are being made towards the repositioning of the Astrodome as a multi-use park. The Urban Land Institute (ULI) recently released a report that argues for the conversion of the stadium into a multi-use park that would enhance the quality of life for residents and serve as a tourist attraction.
JLL to Redesign Headquarters at Aon Center
In an effort to create a flexible, sustainable and integrated work space in keep with today’s design trends, JLL is partnering with Gensler to revitalize its five-story headquarters at the iconic Aon Center in Chicago’s East Loop.