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HADDON TOWNSHIP, NJ—Construction has begun on Albertson Village, a new 82-unit luxury apartment-rental project being developed by Walters Group. The community is in the Westmont section of Haddon Township in Camden County.
CHARLOTTESVILLE, VA—Debt continues to set the pace for equity REIT fundraising, says SNL Financial, with Prologis recording the largest debt offering over the past few weeks.
Hotel developers boast of the industry's success, but for builders without extensive experience or the backing of a major brand, it's nearly impossible to line up financing or to construct a property in a gateway city
NEW YORK CITY—The developer that sparked much of Downtown Manhattan's revitalization has lined up over $1 billion in tax-exempt financing to fund the construction of 3 World Trade Center.
DALLAS--McCarthy Building Companies Inc. recently hired Charles A. Buescher III as its vice president of business development for the firm's Dallas office.
CHICAGO—Hyatt Hotels Corp. has announced that a Hyatt affiliate has entered into a franchise agreement with Songy HighRoads, a commercial real estate development firm based in Atlanta, to develop the Hyatt Regency Houston Galleria.