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06/20/2018
Multifamily Developer Legacy Partners Making Push Into Florida, Georgia as Part of Southeast Expansion
Pictured: Jon Wood, senior managing director of the Southeast for Legacy Partners.National apartment developer Legacy Partners is turning its attention away from the Western U.S. and towards the Southeast, particularly Florida. Legacy, the Foster City...

06/20/2018
With Communities Slow to Embrace Density, Denver Waiting to Realize Promise of Transit-Oriented Development
Pictured: HUB, Beacon Capital Partners' new transit-oriented development being constructed near the 38th and Blake station in Denver's River North district.Transit-oriented development in the Denver area has been high on the list of priorities for many...

06/20/2018
Good News: Disclosure of Cash Buyers for Lux Real Estate Effective in Curtailing Money Laundering; Bad News: Homes Sales Cut by 70%
The Department of Treasury's crackdown on potential money laundering involving all-cash buyers of real estate that began in 2016 deflated the value of luxury homes sold in the nation's largest markets by more than 4 percent. It also reduced the number...

06/20/2018
Cushman & Wakefield Files for Long-Awaited IPO
After more than a year of market speculation, Cushman & Wakefield on Wednesday filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering. The Chicago-based firm founded in 1917 submitted a confidential...

06/20/2018
$222 Million Sale of Charlotte Office Tower Sets Market Record
CBRE Global Investors and a pension fund client just acquired 615 South College, a new Class A office tower in Charlotte for $222 million. The sale of the 19-story, 375,865-square-foot office tower developed by Atlanta-based Portman Holdings recorded...

06/20/2018
Lawmakers Blast Delays in EB-5 Visa Reform: 'Fix This Program or Let It Lapse'
The Moinian Group EB-5 funds for between $250 million and $350 million for construction of its 2 million-square-foot office tower in Hudson Yards. Courtesy: The Moinian Group In a rare moment of bipartisan agreement Tuesday, Trump Administration officials...

06/19/2018
Cupertino Council Decides Against Putting 'Apple Tax' on November Ballot
Pictured: Apple headquarters at One Infinite Loop, Cupertino, CA. Just a week after Seattle leaders hastily repealed an employee "head tax" on Amazon and other large companies, Apple's Silicon Valley headquarters city opted not to place a similar per...

06/19/2018
Workspace Property Trust Wraps Up $1.3 Billion Refinancing from JP Morgan Chase
One Liberty Corporate Center in Edina, MN, is Workspace Property Trust's largest office building. When we last checked on Workspace Property Trust, a private real estate investment firm led by former Mack-Cali Realty executives Thomas Rizk and Roger...

06/19/2018
Houston Mayor Asks Building Owner to Reconsider Lease for Undocumented Child Detention Facility
Houston Mayor Sylvester Turner (center) held a press conference Tuesday afternoon flanked by community and religious leaders, calling for the owner of the building to reconsider leasing it to a shelter service provider. As the number of children separated...

06/19/2018
Blockbuster Deal Gives Brookfield Stake in $1.9 Billion Apartment Portfolio
Image of 801 S. Olive St. in downtown Los Angeles. In what is likely to be one of the largest multifamily deals of the year, a unit of Brookfield Asset Management has acquired a 49 percent stake in a nationwide portfolio of apartment buildings owned...

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