News
Dekel Capital Kicks Off JV-Equity Investment Platform
Real estate merchant bank Dekel Capital has introduced Dekel Strategic Investors, a new real estate JV-equity investment platform that, along with partner Mountain Capital Partners, will offer $3 million to $10 million of equity to capital-seeking developers of multi-family and retail projects.
The Rockefeller Group to Acquire Majority Interest in TA Realty
The Rockefeller Group is expanding its global investment management platform with the acquisition of the majority stake in Boston-based TA Realty L.L.C.
CBRE: Global Recovery Continues, U.S. in Driver’s Seat
A new forecast by CBRE predicts positive signs for the commercial real estate industry in 2015, with Philadelphia being one of the top cities expected to see increases.
Economy Watch: Q3 GDP Growth, Oil Prices, Unemployment Claims
The third-quarter real gross domestic product increased at an annualized rate of 3.5 percent for the quarter, above expectation. Oil prices have continued to slide. During the week ending Oct. 25, initial unemployment claims increased by 3,000 week over week.
ULI Special Report: Strong Rental M-F Market Driven by Record Student Debt, Cautious Millennials
“Do we have a boom or do we have a bust in the multi-family industry?” John Healy, co-founder & principal of Hyde Street Holdings, asked that question as he opened the “Rental Multifamily Housing: New American Dream or Classic Bubble?” panel at the Urban Land Institute’s Fall Meeting, held in Manhattan last week.
Ratings Agencies Review ARCP Accounting Errors; SEC Expected to Investigate
Shares in American Realty Capital Properties continued dropping Thursday, one day after the REIT admitted there were accounting errors that were intentionally covered up in its recent financial statements leading to the resignation of two top executives, reviews by two ratings agencies and a possible investigation by the U.S. Securities and Exchange Commission.
New Island Studios Movie Production Complex Supports Southwest Pennsylvania’s Growing Filmmaking Industry
The region’s film production industry is getting a big boost with the construction of a new multi-stage complex on a five-acre property at the former Pittsburgh & Lake Erie Railroad brownfield in McKees Rocks.
SouthStar and Highwoods Properties Break Ground on 145-Acre Mixed Use Ovation in Cool Springs
By Eliza Theiss, Associate Editor SouthStar LLC and Highwoods Properties have broken ground on Ovation, the transformative 145-acre project set to bring urban living to the suburban setting of Cool Springs. Located at the corner of Carothers Parkway and McEwen Drive, Ovation will be the first in-market, upscale lifestyle destination in Franklin, Tennessee. According to […]
Kilroy Realty Corp. Plans $45M Office Project in Del Mar Heights
After being acquired by Kilroy Realty Corporation in 2013, The Heights at Del Mar is now set to be expanded. The new owner recently issued a statement announcing that it is developing a brand new, speculative office project in an office submarket of San Diego that has not seen a new property be built in eight years. The $45 million investment will be the third asset part of The Heights at Del Mar office complex. A formal groundbreaking at the property was held earlier this month at the site, with completion set for Q4 of 2015.
INTERNATIONAL: LaSalle Buys King Square Studios Student Housing in Bristol
LaSalle Investment Management has bought King Square Studios, a student accommodation asset in the established university town of Bristol for $54 million.