News
Port Authority Names Cassidy Turley To Market MidPointe Crossing
The Port of Greater Cincinnati Development Authority has started planning and site development of the $80 million MidPointe Crossing, in Cincinnati’s Bond Hill neighborhood. The developer has hired Cassidy Turley to market the mixed-use project.
International: Brookfield’s $3.5B Global Logistics Property Platform Rebranded as IDI Gazeley
Brookfield Property Partners has launched the IDI Gazeley brand for its $3.5 billion global logistics property platform.
DDR Announces Project Strategy to Recapture Prime-Anchor Store Locations
DDR Corp. has instituted a multi-year proactive lease termination initiative with hopes of recapturing high-quality anchor store locations across its portfolio.
Economy Watch: GDP Contracts in Q1; Pending Home Sales Edge Up in April; Initial Unemployment Claims Drop
Real U.S. gross domestic product decreased at an annualized rate of 1 percent in the first quarter. Pending home sales improved for the second straight month in April. Initial unemployment claims dipped 27,000 from the previous week.
Megalith, Urban Realty, Carlyle to Build 2 M-F Projects in Brooklyn for $100M
Megalith Capital Management, Urban Realty and an affiliate of The Carlyle Group are teaming up to build two luxury residences in the DUMBO neighborhood of Brooklyn, N.Y.
Berkadia Buys Keystone Commercial Capital
Berkadia Commercial Mortgage L.LC. added new offices in three U.S. cities to its growing company and more than $2 billion in commercial real estate loans to its servicing portfolio with the acquisition of Keystone Commercial Capital.
NorthMarq Capital Provides $52 Million in Financing for San Diego M-F Complex
The Tierrasanta Ridge Apartments in San Diego recently received $52 million in financing, arranged by NorthMarq Capital. The deal was brokered by a NorthMarq team that included Marty Meagher and Gardiner Champlin. The financing is based on a 10-year term and 30-year amortization schedule and was funded through the provider’s AmeriSphere Fannie Mae DUS platform.
PMC Property, Kimpton Hotels to Convert Iconic 314,000-Sq.-Ft. Reynolds Building to Mixed-Use Upscale Apt. Property; State’s First Craft Beer Incubator Coming to Rocky Mount
The historic art-deco style Reynolds Building in Winston-Salem will once again become the centerpiece of downtown activity, according to Andrew D. Gilchrist, president and chief commercial officer of R.J. Reynolds Tobacco Company.
Gulf Coast Housing, Mid City Opens $7.1M Affordable Townhomes Project
The Louisiana Housing Corporation (LHC)recently celebrated the grand opening of the Belt Line Townhomes affordable housing project.
MAY ISSUE: Albertsons-Safeway Merger Continues Grocery Consolidation
The pending mega-merger between supermarket giants Albertsons and Safeway reflects important trends in the grocery business, according to industry observers, some of whom also have strong opinions about how this deal will play out over time.