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CBRE Group Buys Longtime Omaha Affiliate; Will Buy UK-Based Multifamily Developer
Last week, CBRE Group announced it intends to acquire all the issued and to-be-issued shares of Telford Homes Plc., a leading developer of multifamily residential properties in London, with a development in-process portfolio (total project cost) of $1.66 billion (£1.32 billion). Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Waterton Re-Enters the Las Vegas Multifamily Market
The investor buys a two-property apartment portfolio totaling 720 units in Las Vegas after exiting the market in 2017. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Modular Construction Could Change Development in L.A.
Los Angeles developers are taking note of the completion of the Clement Canopy buildings in Singapore, the world’s tallest modular buildings. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Canadian Developer Brings Luxury Apartments to West Hollywood
Developer Astéras is nearing completion on a 25-residence boutique apartment complex in West Hollywood. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Related Sells $36M Bronx Apartment Complex
Prana Investments purchased the 252-unit multifamily complex in the Concourse section of the Bronx. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Midland-Odessa Likely a Positive Impact in Near Term
The Reserves at 700 is located in an area where property fundamentals and economic conditions continue to improve, which will have a positive impact on the property’s performance in the near term. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Rebrand and Refresh Creates Value for New Owner
Castle Lanterra Properties renovated Asher, which resulted in meaningful rent premiums, provided proof of concept and substantial upside potential for the new owner at a purchase price of $70 million. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
L.A. Apartment Rent Growth Continues to Slow
Apartment rents increased .06% year-over-year in June and were flat month-over-month. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
One of Portland’s Largest Loans Sets Construction in Motion
An affiliate of Mosaic Real Estate Investors provided BPM Real Estate Group with $460 million in senior construction financing for a 1-million-square-foot mixed-use development in downtown. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Comstock Expands Loudoun Station’s Residential Offerings
BLVD Gramercy East and BLVD Flats will open in Spring 2020. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service