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2019-08-22  16:31
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Wyse Technology Investments buys Channelside...

Wyse Technology Investments acquired Channelside, a 325-unit apartment complex in Fort Myers, Florida, for $65.2m. The seller was Meyers Group. Completed in 2015, the property is a 20-minute drive from Edison State College, Southwest Florida College and Hodges University. Newmark Knight Frank facilitated the assumption of a Freddie Mac loan on behalf of the buyer. The property was 93 ...
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2019-08-22  16:29
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Project News

Long Island City apartment building breaks...

JMH Development and Mettle Property Group broke ground on 36-20 Steinway Street, a 143-unit rental apartment scheme in the Long Island City neighborhood of Queens, New York. The developers secured a $56m construction loan from Scale Lending. Once completed, the 158,000 sq ft mixed-use development will include 18,000 sq ft of retail and an on-site parking structure. “We are excited...
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2019-08-22  16:27
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Company News

Mack-Cali Realty refinances Hoboken office...

Mack-Cali Realty Corporation secured $150m to refinance a class A high rise office tower situated on the Hudson River waterfront in Hoboken, New Jersey. Built in 2002, the 13-story building totals 525,778 sq ft. Tenants include John Wiley, Sumitomo Mitsui Trust Bank and Crunch Fitness. CBRE represented the borrower. The non-recourse loan was funded by Apollo Global Management through ...
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2019-08-22  16:24
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Company News

R.J. Kelly secures $28.77m loan for...

R.J. Kelly Company secured a $28.77m loan for a pair of office building in Burlington, Massachusetts. Totaling 154,378 sq ft, the properties are currently fully leased. The 58,160 sq ft building at 10 Mall Road is leased to four tenants, while the 96,218 sq ft building at 20 Mall Road is leased to approximately 20 tenants. Amenities include fitness centers, locker rooms, showers, res...
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2019-08-22  16:22
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EDGE Commercial Real Estate names Miranda...

Miranda VanGilder has been promoted to marketing manager at EDGE Commercial Real Estate. VanGilder joined the company in 2016 where she previously served as marketing specialist. In her new role, she will oversee the design and production of all marketing and presentation materials, including executing project specific marketing campaigns for clients. “Miranda is supremely talente...
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2019-08-22  13:00
CIJ Romania

Vertiv leases 4,500 sqm at Advancity...

US hardware and software producer Vertiv leased 4,500 sqm of office space at the Advancity Business Center in central Cluj-Napoca. The office building, located on Somesului street, near Mihai Viteazul Square, was delivered earlier this year and has a leasable area of 6,820 sqm on six floors. The property also includes underground parking. CBRE advised the American company during lease...
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2019-08-22  10:17
CIJ Serbia

Hungary reports second highest inflation...

At 3.3 percent, Hungary had the second highest annual inflation rate in the EU in July, according to Eurostat. The annual inflation rate for the European Union in July was 1.4 percent, down from 1.6 percent the previous month. Last year, the EU’s annual rate was 2.2 percent. The lowest annual rates in July were reported in Portugal, Cyprus and Italy. The highest annual rates were in R...
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2019-08-22  10:09
CIJ Serbia

Hungarian housing market accelerates in July

The Hungarian housing market is recovering from its June low, according to data released by Duna House. About 12,700 transactions concluded in July, up 15 percent from the previous month. However, the total was down 10 percent y-o-y. The next couple of months will determine whether weaker indicators were temporary blips in the market or if this is the beginning of a new trend, accordi...
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2019-08-22  09:59
CIJ Serbia

Hungary’s construction production up 1.7% in...

Production in the construction sector remained stable in the eurozone in June compared to the previous month, according to Eurostat, but fell by 0.3 percent across the European Union. In May, production decreased by 0.4 percent in the EU and by 0.5 percent in the eurozone. Meanwhile, production was up by 1 percent in the eurozone and by 0.6 percent y-o-y in the EU in June. Portugal, S...
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2019-08-22  09:57
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Company News

JYSK leases 1,320 sqm at Morski Park Handlowy

JYSK has leased 1,320 sqm at Morski Park Handlowy in Gdańsk. Savills is the scheme’s property manager and exclusive retail space leasing agent. Morski Park Handlowy is located on Przywidzka street in Gdańsk. An extension of the complex increased its total floorspace to more than 41,000 sqm. Main tenants include OBI, Carrefour, McDonald’s, Media Expert and Jula. The owner of Morski Par...
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