Dynamic Projects AUS

MultiHousing News | February 10, 2020

Radnor Property Group has landed $142.6 million in financing for The Hamilton, a new high-rise apartment community in Philadelphia’s Center City. The core, Class A, two phase building will feature 576 units. JLL Capital Markets worked on behalf of Radnor to secure the financing. JLL arranged a $70 million floating-rate loan from Mack Real Estate Credit Strategies (MRECS) to retire the existing construction financing. The firm also arranged that financing for the first phase of the de...

Business Wire | January 27, 2020

Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has closed on its previously announced acquisition of Normandy Real Estate Management, LLC, a developer, operator and investment manager of office and mixed-use assets in New York, Boston, and Washington, D.C. Columbia acquired the operating platform and real property interests of Normandy for aggregate cash and stock consideration of approximately $100 million, exclusive of transaction and closing costs. This consideration consis...

REAL ESTATE ADVICE

Harold Clarke Advisors | March 09, 2022

Mana'olana Partners, the ownership entity of Mandarin Oriental Hotel and Residences, Honolulu established by Los Angeles-based Salem Partners, has resumed sales of The Residences at Mandarin Oriental, Honolulu after placing its efforts on hold during the COVID-19 pandemic. A new residence gallery is now open and welcoming guests by appointment. As restrictions continue to ease and we see the return of international travel, we believe it is the perfect tim...

MarketWatch | January 30, 2020

Rents may be too damn high for apartment dwellers, but they look pretty weak for the rest of the U.S. commercial property market as prices skyrocket.That might not be a problem now, particularly as the Federal Reserve reaffirms its plan to keep rates low, its balance sheet available and credit spigots open.Yet analysts at BCA Research see potential trouble when the next downturn comes for office buildings, shopping centers and industrial properties that were purchased in the past decade at soari...