News
Virtú Investments Picks Up SoMa Luxury Apartment Complex
By Alex Girda, Associate Editor Virtú Investments, a locally based real estate investment management firm, recently announced the purchase of a small apartment community in San Francisco’s SoMa neighborhood. The Station House Apartment Community is part of Mint Plaza, a mixed-use promenade area located in one of the most coveted spots of the city. Virtú […]
Zocalo Breaks Ground on First Apartment Building at Denver Union Station
Zocalo Community Development Inc. has broken ground on the first apartment building to be built in the Denver Union Station redevelopment area,
Economy Watch Weekly: Mixed News for the Economy This Week
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Sept. 28.
Closing of Fourth Fund Arms Carmel Partners with $820M for M-F Shopping
Carmel Partners closed its fourth real estate fund at $820 million hard cap, which it will use to target the booming multi-family sector.
SL Green Shells Out $173M for Premium Manhattan Office Buildings
SL Green Realty bought two adjoining properties on Sixth Avenue from Atlas Capital Group, totaling 47,000 square feet of office real estate.
JLL, Royal Philips Electronics Create Global Lighting Partnership
JLL has teamed up with a global lighting leader to deliver energy-efficient lighting and energy management solutions to all of the company’s clients.
$93M Acquisition Financing Closes for 1,333-Unit Nashville Apartment Portfolio
As the Nashville multi-family market continues to blossom, Harbor Group has purchased three rental properties in Tennessee’s capital for $93 million.
Economy Watch: Construction Spending Drops Slightly; Manufacturing Edges Up; Bernanke Talks Fed Policy
U.S. construction spending edged down in August. Manufacturing showed some signs of improvement. Fed Chairman Ben Bernanke spoke at an economic club, answering questions about the central bank’s objectives.
Lincoln Property Signs Leases for Over 30,000 SF in Metro Orlando
Within the past week, Lincoln Property Company Southeast has brokered leases totaling more than 31,000 square feet in several metro Orlando complexes.
Work Expected to Begin on Long-Stalled East Boston Residential Project
A new multifamily project is ready to break ground in East Boston, one of the most promising but underdeveloped areas in the city’s Innovation District. More than ten years after designing the first sketches and several failed development attempts, New Jersey-based developer Roseland Property Co. is finally moving on with Phase I of Portside at East Pier, a long-stalled project at Marginal and Lewis Streets on the East Boston waterfront.