News
Continental Capital Acquires 4-Building Office Portfolio in Raleigh-Durham
Continental Capital Partners has acquired four office buildings in Raleigh-Durham from the Dilweg Cos.
Economy Watch: Stocks; Oil & Gas Prices
Although open for business on Columbus Day, Wall Street suffered a down day. There has also been a persistent decline in international oil prices, ergo lowering gas prices as well.
Economy Watch Weekly: Interest Rates and the Fed
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended October 10th, with a special look at the Federal Reserve’s latest response to interest rates.
Embraer Breaks Ground on 236,000-Sq.-Ft. Aircraft Assembly Complex
Melbourne, Florida will soon welcome a new industrial complex as aviation firm Embraer just broke ground on an assembly facility for its Legacy 500 and Legacy 450 models. The addition more than doubles the company’s presence in the Melbourne International Airport area, where Embraer already operates a 212,000 square-foot campus.
Georgia Tech to Renovate, Add to, Historic Residence Halls
The historic Glenn and Towers Residence Halls at Georgia Institute of Technology in Atlanta will soon undergo renovation with Stevens & Wilkinson in charge of the operation, in association with VMDO Architects.
Moss to Carry out Penn-Florida’s Via Mizner Project in Bocal Raton
Penn-Florida has recently awarded Moss & Associates a construction contract for the first phase of its 830,000-square-foot Via Mizner mixed-use development in downtown Boca Raton.
Construction Begins on $230M First Phase of M-U Project in Philly
East Market, a mixed-use project spanning a full city block in Philadelphia’s Center City, has moved from the drawing board to the ground as construction commences on the $230 million first phase of the four-acre development.
INTERNATIONAL: Tristan Capital, STAM Europe Open $130M Office Campus in Central Paris
A partnership between a real estate investment fund advised by Tristan Capital Partners and co-investor STAM Europe marked the official opening of a nearly 264,000-square-foot office complex located in the heart of Paris.
W.P. Carey Buys 236 KSF R&D Facility in Metro Boston
W. P. Carey has acquired for about $56 million the U.S. headquarters and R&D facility of Schneider Electric USA Inc.
Freddie Mac Launches National Small Balance Loan Product
Freddie Mac Multifamily has named three nationwide lenders to launch its new Small Balance Loan product aimed at providing more affordable housing by giving small rental property owners access to long-term debt capital.