News

TD Bank provided developer Blue Sky Communities of Tampa, FL with a $22-million construction loan and a $20.3 million equity investment through the purchase of Low-Income Housing Tax Credits from TD's Community Capital Group for its Preserve at Sabal Park project.

With the completion of construction, AvalonBay currently has two developments under construction in New Jersey— the 360-unit Avalon Piscataway, in Piscataway, NJ, and the 248-unit Avalon Teaneck in Teaneck, NJ.

The four Ventas-Wexford projects are located in Pittsburgh, Philadelphia and St. Louis and are part of Ventas' near-term $1.5 billion R&I pipeline of expected new projects previously announced by Ventas.

"We thank the company's stockholders for engaging with the Mack-Cali Board and management team and providing constructive feedback. We welcome the newly elected directors and look forward to working collaboratively with them to create value for our stockholders," said Mack-Cali Realty chairman William Mack.

The 12|12 Aventura project featuring a food hall, retail space, medical offices and senior living residences will break ground later this year.

The recently renovated, 20-story building, 101 North Tryon, was previously owned by Barings LLC and LRC Properties.