Canada-based real estate company Dream Unlimited has broken ground on C$2.5bn ($1.86bn) Alpine Park, a mixed-use scheme in Distillery District, Toronto.
American communications company Capitol Broadcasting (CBC), real estate firm Hines and USAA Real Estate have formed a joint venture to develop a 700,000ft² mixed-use project in Downtown Durham, North Carolina, US.
Pella Corporation, a US-based manufacturer of windows and doors, has chosen Troy, Ohio as the location for its new manufacturing facility.
The new development, named “The Canopy at Fenton”, will be located at Fenton, an upcoming 69-acre mixed-use development in Cary, North Carolina.
Lendlease and L+M have secured $250m financing from the financial services firm Barings for the construction of a mixed-use academic and residential project in New York, US.
Canterbury Park, an operator of racetrack and card casino, has formed a joint venture with Greystone Construction for the development of a 13-acre portion of land located on the 140-acre Canterbury Commons in Shakopee, Minnesota.
Hill International in partnership with Sage Project Consulting has been selected by the Texas A&M University System (TAMUS) to provide project management and inspection services on the construction of a new multi-use development near the Texas Medical Center area in Houston, Texas.
A joint venture of Aecom-Canyon Partners and The Martin Group has secured a $73.3m construction loan from Pacific Western Bank to begin the development of a student housing project near California State University, Sacramento.
Real estate firm Hine has commenced the construction on The Grant, a mixed-use complex of 228 luxury apartments, in Concord, California in the US.
The Michigan Strategic Fund (MSF) has given its approval for Continental/Ferguson Lansing’s revised Red Cedar Developmentplan, a $256m mixed-use project in the US city of Lansing.
Flaherty & Collins Properties, a US-based real estate developer, has begun construction on The Ascent at Top, a $80m luxury residential apartment development in Ohio, US.
TSB Capital Advisors, a real estate finance advisory firm, has arranged financing for a new mixed-use mass timber development in Ohio, US.
Greystar Real Estate Partners and the University of Hawaiʻi have entered into pre-closing agreement and pre-construction right of entry for the construction of on-campus housing for UH Mānoa graduate students and faculty members.
Real estate investment trust SL Green Realty has formed form a joint venture partnership with National Pension Service of Korea (NPS) and Hines Interest for the $2.3bn redevelopment of One Madison Avenue in Manhattan, New York City in the US.
Conor Commercial Real Estate announced that it has been selected by one of the world’s largest e-commerce retailers to develop a build-to-suit distribution facility in Palatine, Illinois.
Hines, Urban Atlantic, and Triden Development Group along with joint venture partner Bridge Investment Group have acquired a 1.5-acre site at The Parks at Walter Reed to develop a multifamily property in Washington, DC.
The Michaels Organization, a residential real estate firm, has secured financing to build the third phase of Jordan Downs redevelopment in California, US.
Real estate firm Hines and its joint venture partner Pederson Group announced that they have closed on the land for the development of 325-unit luxury residential property in north Phoenix, Arizona.Located at the northwest corner of Happy Valley Road and 35th Avenue, the multifamily property include six, threeo-storey buildings. An additional one-storey building will include a cloubhouse and a fitness amenity surrounding a pool. In total, Hines plans to develop 318,000ft² of space.The apartment property is expected to include 161 one-bedroom, 140 two-bedroom and 24 three-bedroom apartments. While rent prices have not been confirmed yet, the joint venture partners plan to begin construction of the property in the fourth quarter of this year. The announcement from Hines comes at a time when it has broken ground on Adeline, its first luxury for-rent property in Phoenix. Adeline will be a 25-story, 379-unit high-rise community at the Collier Center in downtown Phoenix.Hines managing director Robert Trujillo said: “Hines jumped at the opportunity to work with our partners on this project on Happy Valley Road. Our luxury multifamily project is positioned well to meet the expanding need for suburban luxury multifamily options in the submarket.” This property of Hines is part of a larger commercial development by Pederson Group which owns the adjacent 167,000ft² Stetson Village shopping center and has plans to develop seven acres of a mix of retail services directly in front of Hines’ multifamily development on Happy Valley Road.Pederson Group CEO Jim Pederson said: “The Pederson Group acquired the 23-acre site from the Arizona State Land Trust. “We sought a quality multifamily developer to partner with us to create a fine mixed-use project. We’re thrilled to work with Hines.”
US-based real estate firm Hines along with Oaktree Capital Management, an asset management firm, has acquired a 75-acre site in Glendale, Arizona to construct an industrial complex.
Walker & Dunlop, a US-based real estate finance company, has arranged $51.9m financing for ECLIPSE at CityCentre, a multifamily project in Huntsville, Alabama of the US.