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DALLAS—JPI is adding to its local leadership team. The national developer, builder and investment manager of class A multifamily assets, has named Scott Langley as asset manager and Blake Taylor as development associate.
NEW YORK CITY—RBC analysts see moderating investment volume in the sector and a threat from higher interest rates, while other analysts in recent weeks have flagged similar concerns.
CHICAGO—Clear Height Properties has just bought a six-building industrial portfolio in suburban Chicago after its occupancy rate jumped from 74% to 92%
Where will our next generation of jobs come from? The banking sector clearly is not a major growth industry—company staffing counts go sideways, average Wall Street bonuses slide, and retail operations shrink thanks to cash machines and smart phones. And who needs trading floors and as many day traders when transactions are programmed by computer algorithms?
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LAKE JACKSON, TX--Dallas-based Centennial Real Estate Co., in partnership with Atlantic Creek Real Estate Partners LLC and The North Shore Properties Group LLC, closed on the off-market acquisition of Brazos Mall, a 680,951-square-foot enclosed mall in Lake Jackson, Texas, 50 miles south of Houston.
DEER PARK, TX—The first phase of The Junction at Deer Park, a community retail center being developed by the Houston office of Cencor Realty Services and located at the northeast quadrant of Spencer Highway and East Boulevard, will open Nov. 11.
MALDEN, MA—Mack-Cali Realty subsidiary Roseland has commenced construction on multifamily communities in Worcester and Malden. The Short Hills, NJ-based firm is currently finalizing financing deals approaching $90 million on the projects.