News
Boston Selected to Receive Support for New Protected Bike Lanes
One of the largest non-profits that supports and encourages bicycling in the country announced it has chosen Boston and five other major cities, to enter a two-year program to build protected bike lanes in city streets.
Urban Future Lab Incubator Opens in Downtown Brooklyn’s Tech Triangle
The network of business incubators and accelerators is booming throughout New York City. A new facility designed to house startups and support sustainable infrastructure officially opened last week at in Downtown Brooklyn’s “Tech Triangle”.
Scannapieco Reveals Plans for $150 Million Ultra-Luxury Residential Tower in Old City
Plans for an ultra-luxury residential tower in Philadelphia’s historic Old City neighborhood were announced this week by Scannapieco Development Corporation, the developer behind the highly successful condos at 1706 Rittenhouse Square in Center City.
Developers Add More Housing Units to Growing Midtown Detroit
A Bingham Farms-based real estate management and development company will soon add twelve apartment buildings in the southwest corner of Midtown Detroit as another private developer is ready to commence renovations at the abandoned Tushiya United Hebrew School located on the 600 block of E. Kirby Street.
Viking Partners Pays $16M for Suburban Shopping Center
Cincinnati-based private equity real estate firm Viking Partners LLC has announced the acquisition of two high-potential shopping centers: Bluebonnet Parc in Baton Rouge, LA and Jackson Downs in Nashville, TN, spending $37.35 million.
MIPIM Special Report: 10 Must-Have Innovative Solutions
During a Friday morning session at the MIPIM 2014 Innovation Forum, Carlo Ratti, director of MIT Senseable City Lab and partner with Carlo Ratti Associati (Italy), Marek Partel, founding partner of Estateguru (Estonia), as well as four students from the ESSEC University in Paris discussed some of the most exciting, disruptive innovations impacting the real estate industry.
AEW Acquires 296-Unit Senior Housing Portfolio in Colorado for $104M
AEW Capital Management L.P. has snapped up a 296-unit portfolio of seniors housing facilities from Balfour Senior Living on behalf of AEW Senior Housing Investors II for $104 million, outside of Boulder.
Xinyuan Buys Land Parcel in Hunan Province for $112M
Xinyuan Real Estate Co., a Beijing-based residential real estate developer, continues gobbling up land in high-growth Chinese cities to build more multi-family housing.
ARCP to Spin Off $2B in Multi-Tenant Shopping Centers
Looking to unlock the value of its shopping center portfolio, American Realty Capital Properties plans to spin off most of its multi-tenant retail centers into a publicly traded REIT valued at $2 billion and focus on its single-tenant net lease business.
MIPIM Special Report: 2014 Award Winners Announced
The jury is in! And the following winners were selected at this year’s MIPIM Awards held at the Palais des Festivals in Cannes.