News
Ivanhoé Cambridge JV to Invest $500M in Mexican M-U Development Projects
It’s a trip from North of the Border to South of the Border, with a step in between. Ivanhoé Cambridge JV will invest in the development of mixed-use urban communities in some of Mexico’s main cities.
NorthPoint Buys 285 KSF Office Tower in Downtown Kansas City
NorthPoint Development has acquired The Power & Light Building, an iconic 30-story office tower in downtown Kansas City, from Gailoyd Enterprises Group, with plans to convert the property into a mixed-use development with 200 apartments.
Economy Watch: FOMC, Federal Deficit
The Federal Open Market Committee offered nothing conclusive about interest rates at its last meeting. The budget deficit plummeted by $195 billion compared to last year, and it’s the smallest deficit since 2008.
KB Home Acquires Land for New Spring Branch Community
By Liviu Oltean, Associate Editor Houston seems to be KB Home’s go-to multifamily market, seeing as the company just acquired a new tract of land in Spring Branch for the development of Hollister Commons, a residential community consisting of 44 single-family units. With pricing expected to begin in the low $300,000s, the project will be […]
HFF Helps Close on Eldorado Market Place; CBRE Capital Markets Brokers Sale of Hondo Park Apartments
HFF recently announced that it helped close on Eldorado Market Place, a 162,331-square-foot retail center in Frisco. HFF represented the seller, WD Eldorado & Tollway, LP, an affiliate of Duggan Realty Advisors, LLC and Waitt Investments.
WRIT Buys DC’s Spring Valley Retail Center for $40.5M
By Adrian Maties, Associate Editor Washington Real Estate Investment Trust has completed its fourth consecutive acquisition in 2014. At the start of October, WRIT announced the off-market acquisition of Spring Valley Retail Center for $40.5 million. So far this year, the real estate investment trust has invested approximately $300 million. The Spring Valley Retail Center […]
NYC Still World’s Largest CRE Market; Cross-Border Investors Keenest on London
Cushman & Wakefield has released its annual ‘Winning in Growth Cities’ report, and while there’s much of the same–New York City wins the top title again–there are some surprises.
INTERNATIONAL: Hines Launches $250M M-F Program in India’s Urban Areas
Global real estate firm Hines is launching Hines India Residential, with the purpose of investing in multi-phased, for-sale residential developments that require long-term equity capital.
ASB Merges Two Leading Data Centers to Form National Data Center Operator
ASB Real Estate Investments has formed Infomart Data Centers, a national data center operator that rises out of a merger between Dallas Infomart and Fortune Data Centers.
Berkadia Secures $107M for 7 M-F Properties in Las Vegas
A portfolio of seven multi-family properties in Las Vegas owned by Interwest Capital and Angelo, Gordon & Co. received $107 million in financing arranged by Berkadia Commercial Mortgage.