Orlando, Las Vegas top multifamily markets by Andrea Zander | Mar 4, 2022 There is a recovery showing in the multifamily sector. Some of the metros in the category feature less robust employment and household-creation trends.
U.S. jobs increase by 678,000 in February by Loretta Clodfelter | Mar 4, 2022 The U.S. economy added 678,000 jobs in February — beating expectations — and the unemployment rate decreased to 3.8 percent, according to the Bureau of Labor Statistics.
EXCLUSIVE — Electra America Hospitality Group closes hospitality fund with more than $500m of commitments by Kali Persall | Mar 4, 2022 Electra America Hospitality Group, a joint venture between Electra America and AKA, has raised more than $500 million in a final close.
5G tech to transform one of the oldest jobs in the world by Andrea Zander | Mar 3, 2022 The rollout of 5G technology is changing agriculture by supporting the automation of repetitive and labor-intensive tasks, potentially beginning a new era in the history of modern farming, according to a Verizon report.
Nashville hotel sells for $328.7m by Released | Mar 3, 2022 Xenia Hotels & Resorts has agreed to acquire the 346-room W Nashville for a purchase price of $328.7 million or $950,000 per room.
Blackstone-backed Aypa purchases 100-MW energy storage project by Released | Mar 3, 2022 Energy Point Energy, an energy storage developer, has announced the sale of the Yadkins Energy Storage project to Aypa Power, a Blackstone portfolio company and developer, owner and operator of energy storage and hybrid generation assets.
Rabina closes on $540m construction financing for 520 Fifth Avenue by Released | Mar 3, 2022 Rabina announced the closing of a $540 million construction financing package for 520 Fifth Ave.
Cedar Realty Trust sells grocery store portfolio for $840m by Andrea Zander | Mar 3, 2022 Cedar Realty Trust has agreed to sell a portfolio of 33 grocery-anchored shopping centers to a joint venture between a fund managed by DRA Advisors and KPR Centers for $840 million.
J.P. Morgan JV completes $700m life sciences project in Harlem by Andrea Zander | Mar 3, 2022 Locally based developer Janus Property Co., in partnership with J.P. Morgan Asset Management, has completed the Taystee Lab Building, a $700 million life sciences project in West Harlem's Manhattanville Factory District, N.Y.
BlackRock sells interest in 150-MW operating solar portfolio in Minnesota by Released | Mar 3, 2022 Greenbacker Renewable Energy Co. (GREC) has purchased a 49 percent financial interest in the 150-megawatt operating Aurora solar portfolio from BlackRock Global Renewable Power Fund II.