Mixed Use
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.
Gallery: Adaptive Reuse
Developers are infusing new energy into adaptive reuse. This slideshow depicts examples of distinctive projects from around the country.
Silverstone Sells M-U Apartment Tower in Manhattan for $100M
Owner-developer and affiliate of Madison Realty Capital, Silverstone Property Group has sold 247 E. 28th St., also known as The Grayson, for $100 million.
KDC to Develop 2 MSF Transit-Oriented Project in Metro Atlanta
KDC is developing a 2.2 million-square-foot corporate office development on 17 acres in the Perimeter Center area of Dunwoody, Ga.
Company Giants Bid for Central Park M-U Project in Dublin Worth $420M
A massive mixed-use project, Central Park, is set for expansion as a major real estate deal nears completion in Ireland’s capital.
Brookfield to Start $200M Redevelopment of NYC’s 450 W. 33rd St.
Brookfield Office Properties is giving 450 W. 33rd St. in New York City a $200 million makeover, modernizing it and integrating it with the firm’s $4.5 billion, 7 million-square-foot Manhattan West mixed-use project.
RioCan, Allied JV to Develop M-U Neighborhood in Downtown Toronto
RioCan REIT, Allied Properties and Diamond Corp. are on board to develop a new walkable neighborhood project called “The Well” composed of residential, retail and office space within seven mixed-use buildings in downtown Toronto.
SPECIAL REPORT: MBA Delivers Cautious Economic Outlook for 2014; Financing Hits Highest Level Since ’07
Mortgage originations for multi-family and commercial real estate in the last quarter of 2014 reached the highest volume achieved since 2007. Multi-family financing, in particular, has returned to levels last witnessed at the peak of the market.
$120M in Financing Secured for Redevelopment of 662 KSF M-U Complex in Baltimore
The Rotunda, a 217,000-square-foot office and retail complex in Baltimore, is well on the way to being transformed into a premier 662,000-square-foot mixed-use destination, courtesy of a $120 million construction financing deal.
SEB Sells Singapore Office Asset for $228M; Pays $54M for Tokyo Office Building
SEB Asset Management, the real estate arm of SEB Group, has kicked off 2014 strongly with several notable transactions, especially in the Asia-Pacific commercial real estate market.