News
Buchanan Street Partners Arranges $95M Financing for Peachtree Pointe
Buchanan Street Partners effectuated a $95 Million Loan on Atlanta office complex Peachtree Pointe.
Fuqua and Regency Plans Shopping Center on $3M Site it Purchased
Fuqua Development and Regency Centers Corp. acquired a downtown plot of about two acres from Pope & Land Enterprise Inc. of Atlanta for $3.085 million. The former landlord acquired the Brooklyn site located at the intersection of Riverside Avenue and Jackson Street from a bank in late 2011. The partnership’s intention is to establish a grocer-anchored shopping center on the yet empty parcel.
More Homes Likely to Be Built in Channing Park
Developers of Channing Park, near the intersection of Boyette and Dorman roads Southeast Tampa, await zoning hearings in order to incorporate more homes in the plan.
Town Officials Remove Endangered Species Protection from 2,400-Acre Area
Marana residents fear that Tortolita Preserve may be facing a whole series of developments in the near future as town officials intend to withdraw a 99-year lease agreement early and give the area back to the state. The goal of creating the preserve 13 years ago was to reduce Dove Mountain’s development, thus protecting the habitat of the Pygmy Owl. The species was on the endangered species list at that time.
Developer Obtains Approval for 80,000 SF Mixed-use Development
The intersection of Central and Laguna SW will turn into a construction site early next year. Jay Rembe, the developer responsible for the Aveda Institute and Vinaigrette project, isn’t ready to leave the Central Avenue corridor between Downtown and Old Town.
Citycon CEO Campaigns for Retailer Expansion to Nordic Countries
Citycon CEO Marcel Kokkeel is on a mission. The leader of the Nordic- and Baltic-focused urban grocery-anchored shopping center owner wants to attract more global retailers to the region.
Great Lakes Capital Fund Merges with Delaware Community Investment
Delaware Community Investment Corp. and Great Lakes Capital Fund recently merged in an effort to expand their reach and services to underserved communities.
Hudson Team Arranges $72M in Financing to Refi Retail Centers in Washington, California
The Hudson Team of George Elkins Mortgage Banking Co. arranged financing for two CMBS loans totaling $72 million, secured by two neighborhood retail centers in Fullerton, Calif., and Lacey, Wash.
Council Approves Plans to Build First NYC Outlet Mall, NY Wheel
Staten Island’s North Shore will become home to the world’s tallest Ferris wheel and a $260 million outlet center now that the New York City Council has approved the project expected to become an instant tourist attraction and landmark on New York Harbor and the city’s skyline.
Economy Watch: Federal Deficit Shrinks in Fiscal ’13; GSEs: Mortgage Delinquencies Down; Initial Jobless Claims Dip
For fiscal 2013, the federal deficit was 4.1 percent of GDP, compared with 6.8 percent in fiscal 2012. The rate of single-family serious delinquency for mortgages tied to the GSE dropped from 2.61 percent in August to 2.55 percent in September. And for the week ending Oct. 26, initial unemployment claims dropped by 10,000 from the previous week’s figure.