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2017-04-21  15:12
CIJ USA
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Project News

CMC Group does $236m financing deal in...

The CMC Group, based in Miami, has locked up $236 million in financing for the completion of its residential condominium tower, Brickell Flatiron. Located at 1001 South Miami Avenue in Miami’s Brickell financial district, the 64 story project will house 549 units. Holliday Fenoglio Fowler arranged the funding with a $138.3 million senior loan and a $97.968 million mezzanine loan. Loan...
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2017-04-21  15:10
CIJ USA
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Project News

Chappaqua Crossing development attracts $68m...

A joint venture between The Grossman Companies and Summit Development has received $68 million in financing for a new retail scheme in Chappaqua, New York. The new endeavor, Chappaqua Crossing, will be a 120,000 sqf center anchored by Whole Foods along with national tenants Life Time Fitness, Pet Valu, Chase Bank, AT&T and Go Health Urgent Care. CBRE’s National Retail Partners sou...
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2017-04-21  15:08
CIJ USA
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Deals

Blackstone buys 2,500-unit multifamily...

The Blackstone Real Estate Income Trust has closed on the purchase of a a six-property, 2,514-unit multifamily portfolio for approximately $430 million. The apartment communities that comprise the portfolio are located across four states in high barrier to entry markets like Dallas, Chicago and Orlando. The seller, TA Realty sold the assets on behalf of The Realty Associates Fund IX, ...
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2017-04-21  15:06
CIJ USA
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Deals

Echo Realty pays $30m for Pompano Plaza in...

Pittsburgh-based investor ECHO Realty has acquired Pompano Plaza, a 126,928 square- oot grocery anchored shopping center in northeast Broward County. Built in 1973, the facility was significantly renovated in 2006 when a portion of the original structure was demolished and replaced with a Publix store. Located on a nine-acre parcel, the center was 100 percent leased with other nation...
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2017-04-21  15:00
CIJ USA
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Appointments

Ryan Dagenais joins Franklin Street's...

Ryan Dagenais has been hired by Franklin Street to serve as Assistant Controller for Institutional Property Management in Tampa. In his new role, Dagenais will provide accounting and financial support to the CFO as Franklin Street continues to expand its commercial property management and leasing services platform. He has more than 15 years of experience in property management, financ...
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2017-04-21  11:44
CIJ Europe
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Deals

PGIM Real Estate acquires Magnet Portfolio...

PGIM Real Estate has acquired the Magnet Portfolio in Hamburg, which was sold by Rockspring Property Investment Managers LLP on behalf of TransEuropean V Property Partnership Limited. The purchase price was not disclosed in the announcement. The three buildings, located in Hamburg Langenhorn, offer a total of 27,600 sqm of leasable area. “The combination of strong cash flow and the po...
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2017-04-21  11:38
CIJ Journal
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Project News

Nitra Jaguar plant sparks residential craze

The Jaguar Land Rover manufacturing plant in Nitra currently under construction has triggered a construction boom in the Slovak city. Hundreds of new flats are to be added to the local residential market in numerous projects, including Promenada Living Park, in which the private investor plans to offer 90 flats alongside a shopping and leisure center on the Nitra river bank. Other exa...
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2017-04-21  11:30
CIJ Journal
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Company News

Fab Lab opens in Brno Technology Park

Fab Lab Brno has opened in the South Moravian Innovation Center (JIC) in Brno. Organizers explained to Czech Radio that the purpose of the lab is to provide a sort of co-working space with new generation production equipment. But it should also serve to educate local businesses about cutting edge technologies by offering weekly tours led by qualified staff and mentors. Members of Fab ...
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2017-04-21  10:54
CIJEurope.com
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Company News

British embassy in Budapest moving to Füge utca

After occupying a building on Harmincad utca for decades, the embassy of Great Britain in Hungary is moving to a new office building at Füge utca 5-7 in District 2. The embassy is scheduled to reopen on April 25. The new building, which used to be the Dutch Embassy, has been completely renovated to provide the British Embassy, its staff and visitors modern working conditions and a rep...
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2017-04-21  10:51
CIJEurope.com
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Company News

Citibank leases 13,600 sqm in Generation...

Citibank Europe PLC has leased 13,600 sqm of office space in the first phase of Generation Park in Warsaw. The tenant, who was represented by Cushman & Wakefield, will move to its new offices at the end of 2017. The first phase of the project is over 70 percent leased to three tenants. Generation Park is Skanska’s largest office development in Central and Eastern Europe, comprised...
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