News
Clarion Sells Mexican Shopping Centers to JV Partner
Clarion Partners has sold its 50 percent interest in a 3.2 million-square-foot portfolio of Class A shopping centers in Mexico to its joint venture partner.
Economy Watch: Budget Deficit, Job Openings, Optimism Index
The U.S. Department of the Treasury said the country ran a $94 billion deficit in July 2014, while there were 4.67 million U.S. job openings on the last business day of June, and the Optimism Index rose 0.7 points.
Balfour Beatty Hired to Build $30M Condo Project at The Wharf
PN Hoffman & Associates, Inc. has selected Balfour Beatty’s Washington division to construct a new condominium building on the St. Augustine’s Church site in Washington, D.C.’s Southwest Waterfront neighborhood. The $30 million Wharf Parcel 11B – 625 Water Street at Waterfront Park project represents the first collaboration between the two companies.
Melo Launches Sales for Luxury Miami Condo Tower
The Melo Group has launched sales for Aria on the Bay, an ultra-luxury, 647-unit condominium high-rise in downtown Miami’s Arts & Entertainment District.
Economy Watch Weekly: Baby Boom
In his update for the week ending Aug. 8, 2014, CPE‘s economic analyst, Dees Stribling, asks, Will there be a baby boom starting around 2020?
Lockheed Martin Corp. Sells 171,000-Square-Foot Campus In Boulder for $13.9 Million
Marcus & Millichap announced the sale of a 171,000-square-foot industrial building leased by Lockheed Martin Corp. in Boulder’s Gunbarrel neighborhood.
Equus Affiliates Pick Up Three Central Florida Communities
Village at East Lake, Village at Lake Ned and Village at Park Road in Central Florida recently changed hands. The 710 units in total were sold to companies associated with Equus Capital Partners, Ltd. by affiliates of Oculus Development, LLC and Alex. Brown Realty, Inc.
ACP Picks Up TownPark Ravine Office Park with $41.1M Loan
America’s Capital Partners has purchased TownPark Ravine, a three-building, 367,090-square-foot office park near Kennesaw.
Joint Venture Grabs Downtown Dadeland for $38.9M
Duncan Hillsley Capital joined forces with Pebb Capital in order to purchase Downtown Dadeland, a 127,240-square-foot retail lifestyle center in Miami.
Taylor Morrison Expands Further in the Austin Area through Dripping Springs Land Acquisition
After announcing a new phase of development at Leander’s Fairways at Crystal Falls, Taylor Morrison announced the acquisition of over 100 acres in Dripping Springs. Here is where the Founders Ridge single-family home community will debut in mid-2015.
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