News
Economy Watch: Existing Home Sales Drop in January; Fed Releases FOMC Transcripts from ’08; G20 Aims for More Growth Globally
Existing U.S. home sales dropped 5.1 percent in January compared to December. The Federal Reserve released transcripts of some of the internal discussions at the Federal Open Market Committee during the critical year 2008. The meeting of Group of 20 finance ministers and central bank chiefs in Sydney issued a final communique stating that the goal of the group is to create more than $2 trillion in additional output over the next five years.
Stanford Carr’s Halekauwila Affordable Rental Complex in Kakaako Nears Completion
The Hawaii Community Development Authority announced that Stanford Carr’s affordable 204-unit Halekauwila Place apartment high-rise in Honolulu’s Kakaako neighborhood would be complete in March.
Howard Hughes to Kick Off 303-Key Luxury Hotel in The Woodlands
The Howard Hughes Corporation (NYSE:HHC) and its wholly-owned subsidiary, The Woodlands Development Company, announced plans to start construction of a new full-service hotel at One Waterway Square in The Woodlands Town Center.
KDC to Break Ground on New State Farm Office Building at CityLine
KDC plans to kick off construction of a new 500,000-square-foot office property at its $1.5 billion State Farm-anchored mixed-use project in Richardson.
JV Plans Mixed-Use Apartment Community for Tysons Corner
By Adrian Maties, Associate Editor The apartment construction boom that that hit the Washington, D.C., metropolitan area is showing no signs of slowing down. If anything, it looks like it’s getting stronger, as developers announce more and more projects with almost every passing week. On Feb. 14, a joint venture between Kettler and PS Business […]
Kaiser Permanente Kicks Off $900M Hospital in Kearny Mesa
San Diego has a reputation of being a city that has a lot to owe to the bio-med industry, a sector that has seen impressive progress in the metro area of the city. Now a new health care giant is making waves with a large development project. Kaiser Permanente has broken ground on a hospital campus that it is developing in the growing submarket of Kearny Mesa. The Oakland-based, integrated managed care consortium is investing around $900 million into the high-end facility. The new development will further aid the growth of the Kearny Mesa submarket
Keystone Realty Acquires 114,000-Sq.-Ft. Office Complex in Suburban Indianapolis
An affiliate of Keystone Realty Group has recently acquired the four-building Waterplace Office Park on the east side of the North Meridian corridor in Indianapolis.
Memphis Airport Embarks on $114M Modernization Plan
Times they are a-changing in the air travel industry and Memphis International Airport s following suit.
David Durning: Prudential’s Construction Financing Strategy
David Durning, president & CEO of Prudential Mortgage Capital Co., describes the insurance company’s commercial property construction loan program.
Infinity Obtains $5M SBA Construction Loan for Hospice Facility
Las Vegas will see a new assisted living facility take shape after a financing deal will help the developer get construction on track. TMC Financing recently issued a press statement announcing that it had provided developer Infinity Hospice Care of Las Vegas, LLC with an SBA 504 loan worth $4.98 million. The developer will use the funds in the development process of a new facility in Las Vegas. TMC Financing Business Development Office, Cindy Santilena, CCIM was in charge of the transaction.