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2018-12-06  09:45
CIJ Baltics
Project News

Merko begin construction on Riga resi project

SIA Merks, part of the AS Merko Ehitus group, has begun construction on its Viesturdārzs residential project in central Riga. The development, which will be located at Rūpniecības street 25, will consist of three residential buildings. In total, around 350 apartments will be built on the site, ranging in size between 36 sqm and 140 sqm. As well as regular 1,2,3 and 4 room apartments, ...
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2018-12-06  09:43
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Project News

Crescon plans new Czech mountain apartment...

Demand for recreational real estate is growing, according to the developer Crescon, which has launched a new scheme in the Krkonoše mountains. Aldrov Apartments & Resort will be built in the village of Vitkovice near the popular Spindleruv Mlyn ski resort by 2021. The developer is betting on what it claims is a growing tendency of Czechs to spend time in the country's own sk...
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2018-12-06  09:32
Company News

Landererova 12 wins new 3,500 sqm tenant

J&T Real Estate's newest office building Landererova 12 has picked up two prominent new tenants, with Swan and Benestra employees joining in the Bratislava building following the two companies' merger. “The SWAN - BENESTROU merger makes the company a key player on the telecommunications market, and the second-biggest provider of services to business customers. That’s why...
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2018-12-06  09:31

Quality rewarded at CIJ Awards Serbia/SEE...

The third CIJ Awards Serbia/SEE took place in Belgrade this week at the Hyatt hotel with a multinational crowd on hand to cheer on the winners. Serbia has been the focus of an increasing level of investment into real estate, including industrial, retail and residential projects. The results of this wave of investment is now making itself felt in the country with increasing numbers of ...
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2018-12-06  09:26
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Retail sales in Hungary rise 6.6% in October

Retail sales in Hungary increased by 6.6 percent y-o-y, based on raw data, and by 5.7 percent adjusted for calendar effects, according to recent figures published by the Central Statistical Office (KSH). The sales volume, adjusted for calendar effects, rose by 4.1 percent in specialized and non-specialized food shops, by 8.3 percent in non-food retail, and by 4.4 percent in automotive...
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2018-12-06  09:25
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Company News

JLL enters Polish resi market following REAS...

JLL has entered the residential market in Poland, following its acquisition of REAS. Working within the structures of JLL, REAS will be responsible for developing Living Services in both Poland and the rest of the CEE region. “Working closely with REAS will allow JLL to have competence in all areas of the real estate market, in which the residential segment plays a key role,” said Tom...
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2018-12-05  16:59
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Project News

Allen Morris Company secures $66m for...

The Allen Morris Company secured $66m in financing from SunTrust Bank and Santander Bank for the development of the Creative Village Parcel M Apartments in downtown Orlando. The $108m project is being developed in partnership with Ustler Development. Plans calls for a 14-story, 409-unit student housing tower to go up on the former Amway Arena site. The apartment building will be part ...
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2018-12-05  16:55
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Project News

Work begins on St. Elizabeths East resi...

Anacostia Economic Development Corporation and Flaherty & Collins Properties have kicked off construction of an apartment building in Washington, DC. St. Elizabeths East will feature 252 units, 202 of which will be affordable. Located in the capital’s Congress Heights neighborhood in Ward 8, the property will be adjacent to the new Entertainment and Sports Arena on the site of the...
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2018-12-05  16:47
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Company News

Cambria Hotel to open in Jacksonville in 2020

Ash Properties has signed an agreement with Choice Hotels International for the development of a Cambria Hotel in Jacksonville, Florida. Located in the Baymeadows area of the city, the new project will be close to the FBI's regional offices, the University of North Florida, Deutsche Bank, Ernst & Young, the Mayo Clinic and Baptist Hospital. The five-story 132-room property wi...
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2018-12-05  16:43
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Kelly Boyer to head Rose Community Capital

Jonathan Rose Companies has promoted affordable housing finance veteran Kelly Boyer to president of Rose Community Capital (RCC). She was formerly the west coast director of RCC. In her new role, Boyer will lead the RCC team in the origination, coordination, underwriting, processing and closing of company and third-party loans involving the US Department of Housing and Urban Developme...
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