Empire Landing, a 276-unit multifamily community in Burbank, Calif., has sold to TIAA-CREF. The seller wasa joint venture between Casden Properties and PCCP. The terms of the deal were not disclosed....More
Spandrel Group has launched Spandrel Development Partners (SDP), an affiliated real estate development and investment company, which will specialize in multifamily condominiums and rental properties located in strategic metro areas nationally....More
IKEA surpasses 85 percent solar power for its U.S. buildings. In other news, the U.S. Government Services Administration officially advocates sustainable building. JPMorgan Chase joins NYC Mayor's Carbon Challenge. And Partners Group invests in a green building alternative to Hong Kong Island's offices....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?