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Daily Commercial Real Estate News from Europe and USA
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In this edition: 05/01/2017

Middle income resi in Quincy, MA finds financing

Apr 28, 2017 03:05 pm
WinnDevelopment and its partner NeighborWorks Southern Mass is scheduled to start construction on The Watson on Howard apartments. The community will feature the largest number of workforce units ever financed under MassHousing's Workforce Housing Initiative. The $44 million workforce housing community in Quincy, Mass., will be a 140 unit community with 28 affordable...
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Rockpoint buys 354 unit resi complex in Pembroke Pines, FL for $87m

Apr 28, 2017 03:03 pm
Boston-based real estate private equity firm, Rockpoint Group, has closed on the purchase of the Town at Pembroke Pines apatments in an $87 million deal. Located at 10700 City Center Blvd. in Pembroke Pines, Fla., the 365 unit community changed hands for just over $238,355 per unit. The property is part of the Pembroke Pines City Center development, which was master-planned...
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UNIZO acquires two D.C. office buildings for $259m

Apr 28, 2017 03:01 pm
Two Class A office buildings on Washington D.C.'s G Street in the East End submarket have been acquired by UNIZO Holdings Company. The buyer paid $259 million sale for the buildings which total 440,419 sqf. 1325 G Street offers 307,705 sqf of space, having been built in in 1969 and renovated in 2017. The second building, The Colorado Building) is older, originally...
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C&W strengthens Brookyln office team with Rico Murtha

Apr 28, 2017 02:58 pm
Cushman & Wakefield has hired tenant representation specialist Rico T. Murtha as a director serving the Brooklyn market. He will report to Senior Directors Patrick Dugan and Joseph Cirone. Prior to joining Cushman & Wakefield, Murtha served as a partner with Capstone Realty Advisors providing tenant representation services to small and mid-size firms. Murtha holds a...
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Goldman Properties wins financing for mixed-use parking structure in Miami

Apr 28, 2017 02:55 pm
Goldman Properties has closed on the financing for a mixed-use parking facility in Miami's Wynwood district. The $24 million loan will allow the firm to build the eight-story, 428-space parking garage at 2660 Northeast Third Avenue. The project will have approximately 20,600 sqf of retail on the ground floor along with nearly 24,000 sqf of office space on the top...
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Corestate Capital Group signs consulting agreement with Axel Wieandt

Apr 28, 2017 02:30 pm
Corestate Capital has signed an agreement with Axel Wieandt, who will support the Corestate management team in a range of activities related to the acquisition of the Hannover Leasing Group. Last December, Corestate purchased a 94.9 percent stake in the Hannover Leasing Group from Helaba and HTSB. Completion of the transaction is expected to occur in the first half of 2017....
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