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PLEASANTON, CA—Versant completes a $64 million recapitalization of the Britannia Business Center I to assist tenant-in-common owners with new financing, partial purchase of investor equity and IRC Section 721 rollup.
BOSTON—Two additional development firms filed plans with the Boston Redevelopment Authority before year's-end and will therefore not be subject to possible tighter affordable housing regulations imposed by Mayor Martin Walsh that began on Jan. 1.
NEW YORK CITY—While the figures may differ slightly, residential brokerage firms are in lockstep that the apartment market in New York City is very strong entering 2016 and has reached all-time highs in sale price in most neighborhoods.
LOS ANGELES—The president of the AIDs Healthcare Foundation talks about his recent poll results showing support for a ballot measure to restrict developers to the general plan, GlobeSt.com reports in this <b>UPDATE</b> to a previous story.
LOS ANGELES—Rexford Industrial increases its portfolio by 21%, coming in just shy of its $250 million goal, with one final acquisition before the New Year.
TORONTO, Canada—Purchase of Metrix Realty Group (Ontario) Inc. expands company's property valuation services throughout Toronto and Canada, and 17 members join AY.
OAK BROOK, IL—Valued at $1.4 billion, the sale to a partnership led by CPPIB and GIC marks "the culmination of our portfolio evolution strategy," says InvenTrust CEO McGuinness.