News
$159M Chicago Apartment Complex Picked Up by RP Holdings
In a big Midwest move, RP Holdings L.L.C. just ponied up $159 million for a two-tower, 1,031-unit multi-housing property in the Hyde Park neighborhood of Chicago.
Boston’s $92M Victor Apartments Break Ground
Boston’s newest housing development, The Victor, has just broken ground. The 12-story, 286-unit project is being built by Suffolk Construction at a cost of $92 million.
Economy Watch: U.S. Consumers Hit the Mall
According to the Department of Commerce, U.S. retail sales grew 0.5 percent in October, and the Producer Price Index actually dropped 0.3 percent at the same time. Bond yields rose once again for Spain and Italy.
Lender Hits Pause Button on 1.5 MSF Pioneer Square Mixed-Use Project
By Alex Girda, Associate Editor
A project billed as the largest transit-oriented development on the West Coast is on hold while the construction lender, Pacific Life Insurance Co., completes a document review, the Puget Sound Business Journal reported. The pause marks […]
Expiring Lease Steps Up Vikings’ Quest for New Stadium
By Gabriel Circiog, Associate Editor
With the Minnesota Vikings’ 30-year lease on the Hubert H. Humphrey Metrodome expiring at the end of the 2011 season, and the real possibility of the National Football League’s departure from the state after 50 years, […]
CBRE Names CFO, CAO for Global Investment Unit
On the heels of closing its purchase of Netherlands-based ING Group N.V.’s real estate investment operations in Europe, CBRE Global Investors has named Maurice Voskuilen as its new global CEO & CAO.
New Boston Warehouse Goes Green; Older One Headed for Multi-Family Makeover
By Veronica Grecu, Associate Editor
F.W. Webb Co., a plumbing and heating distributor, has opened the city’s first environmentally friendly warehouse. Located at 307 Dorchester Avenue in South Boston, the two-story state-of-the-art facility was designed as a distribution center and showroom. […]
$280M Mortgage for FiDi Office Through SL Green, Moinian JV
A joint venture of SL Green and The Moinian Group announced it has recapitalized 180 Maiden Lane, a fully leased, 1.1 million-square-foot Class A office tower on New York’s Downtown waterfront.
Investcorp Buys $40M Mezz Debt on NYC’s Paramount Hotel
Investcorp has picked up two existing mezzanine loans — a total principal balance of $40 million — backed by New York City’s Paramount Hotel and originated by Fillmore Capital Partners.
Four-way Merger Creates New CRE Company in Idaho, Montana
Four CRE firms in Montana and Idaho have combined their efforts to create a larger company called Catalyst, which will be an independently owned affiliate of Grubb & Ellis.