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NEW YORK CITY—The joint venture's initial portfolio totals 3.7 million square feet of mainly office properties in key markets; the New York State Common Retirement Fund took a 49.9% stake.
EVERETT, MA—Suffolk Construction Co. has secured the largest contract award in its history. Wynn Resorts reports it has selected the Boston-based firm as the general contractor for its $1.7-billion Wynn Resort in Everett, MA.
FORT WORTH--Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of AMLI 7th Street Station, a 189-unit multifamily community Fort Worth, GlobeSt.com has exclusively learned.
HOUSTON--ARA, A Newmark Co. (ARA Newmark) has brokered the sale of Calais at Courtlandt Square, a 356-unit, class A property in the city's sought-after Midtown area.
DALLAS--HFF has arranged a $247.5-million mega-refinancing deal for a retail portfolio totaling 20 properties and 2.1 million square feet in Dallas, Houston and San Antonio.
SAN DIEGO—San Diego is adding degree holders at higher rates than many peer metros, said sources at the recent San Diego Regional EDC event here, and despite what some may think, workings in San Diego have options.
PHILADELPHIA, PA—Goldtex, the Post Brothers' distinctive 13-story apartment community, has become Philadelphia's first and only LEED Gold certified residential high-rise building.
CALABASAS, CA—The 2016 US Multifamily Investment Forecast, developed by Marcus & Millcihap's Hessam Nadji and John Chang, credits further gains in US payrolls with driving apartment fundamentals.
NEW YORK CITY—An explosion in population growth, particularly among Millennials, and its emergence as an incubator for retail "chic" has transformed the borough.