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2018-07-18  14:50
CIJ USA
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Deals

The Embassy Suites by Hilton Napa Valley...

The Embassy Suites by Hilton Napa Valley has been sold for $102m to Mani Brothers Real Estate Group. The seller, RLJ Lodging Trust, sold the 205-room property for just over $497,560 per room key. The buyer plans to convert the hotel into a Curio Collection property, complete with a refurbishment and overall renovation of the existing property. Upgrades will include a redesign of all g...
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2018-07-18  14:45
CIJ USA
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Project News

LandSouth Construction breaks ground on lux...

LandSouth Construction has started work on The Merchant, a $37m luxury apartment community in Charleston, South Carolina. Plans call for 231 one- and two-bedroom apartments in 15-floor plans measuring from 565 to 1,074 sq ft. The project is situated in the the city’s NoMo neighborhood. Made up of 10 three- and four-story buildings, common amenities will include a clubhouse and gaming ...
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2018-07-18  14:42
CIJ USA
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Deals

New Market Properties buys Publix-anchored...

New Market Properties has picked up a Publix-anchored shopping center in Naples, southwest Florida. The price of the deal was not disclosed. Located on a 14-acre site, the 137,580 sq ft center is home to Walgreens, Bill Smith Electronics & Appliances and FedEx Office. Holliday Fenoglio Fowler arranged the sale on behalf of the seller, a private real estate fund advised by Crow Hol...
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2018-07-18  14:39
CIJ USA
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Appointments

Millbrook Realty Capital names Uanderson...

Uanderson Benedetti has been named managing director of Millbrook Realty Capital. In his new role, Benedetti will lead the company’s lending activities, with a focus on originating short-term bridge loans on multifamily properties, mixed-use buildings, condominiums and hotels across the country. Benedetti previously worked as head of originators at Fort Amsterdam Capital and, from 20...
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2018-07-18  12:53
CIJ Baltics
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Events

Eften Real Estate Fund III revenues reach...

The Eften Real Estate Fund has posted revenues of €4.1 million for the first 6 months of 2018, an increase of 16 percent on the same period in 2017. However, its net profit fell by 22 percent to €3.2 million due to a revaluation following the recent purchase of the Evolution business centre in Vilnius. Its value decreased by €982 thousand. Despite this reduced valuation, income from t...
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2018-07-18  12:46
CIJ Serbia
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Company News

Piric Magneti opens production plant in Bosnia

Piric Magneti opened a new plant in the Industrial Zone III in Gradacac, northeastern Bosnia. The Bosnian company will work with its German partner, Magnet Shulz, which produces different kinds of electromagnetic devices for the US and Chinese markets. The value of the investment was not disclosed, but it is expected add numerous jobs to the local labor market.
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2018-07-18  12:44
CIJ Baltics
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Economy

Finnish Economy grew by 2.8% in 2017

The Finnish economy grew by 2.8 percent in 2017, according to Statistics Finland, a 0.2 percent pace faster than the company predicted in March. The increase was driven mainly by growth in the construction, energy, mining, accommodations sectors as well as in food, and administration. However, more rapid investment also had an effect as private investments rose 4.6 percent in 2017, wh...
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2018-07-18  12:23
CIJ Serbia
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Company News

Dura building plant in Macedonia

Dura Automotive Systems broke ground on a new manufacturing plant in Macedonia. The US company placed the cornerstone at the site in the Skopje Free Trade Zone 2. Dura will produce lightweight aluminum exterior trim and roof systems at the new facility. The initial value of the investment is estimated at €18m. Completion of the 16,000 sqm facility is planned for summer 2019. Dura is i...
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2018-07-18  12:09
CIJ Serbia
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Project News

Lux Swissotel Sarajevo opened in Bosnia

A new Swissotel opened in Sarajevo. The new luxury hotel is located in the Sarajevo City Center complex. It is part of Accor Hotels, a leading operator with more than 4,200 properties in 95 countries worldwide. Al Shiddi Group took over the franchise for Swissotel. This five-star hotel offers 218 rooms with panoramic views, a wellness, spa, two restaurants and four conference halls eq...
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2018-07-18  11:57
CIJEurope.com
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Appointments

EPP expands office leasing team

Agnieszka Gola and Olga Adamek have joined EPP as leasing managers. Gola will be responsible for leasing office space at projects like Oxygen in Szczecin and Malta Office Park in Poznań. She has more than four years of professional experience in the commercialization of office facilities. Since 2014, she worked at Knight Frank, where she served as an office space negotiator responsibl...
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