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Two apartment projects developed by The Time Group are moving forward. Construction on the former Fox Industries building in Hampden will begin this summer while the apartments at 500 Park Ave. in Mount Vernon will begin housing their first residents this week. 
The building at 3100-3200 Fallscliff Road will turn into an apartment complex with 90 to 95 units, The Time Group CEO Mark Caplan said. Construction on the $22M project will take 12 to 14 months, building mostly loft-style one-bedroom units and…
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Former COPT Exec Joins New Real Estate Firm
Two longtime real estate execs have formed a new real estate development company that will focus on the suburban office market from Richmond to Baltimore. Bob Bergin, who left Corporate Office Properties Trust in March, teamed up with Evan C.…
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Iconic New York, D.C. Buildings Dominate May's Top CMBS IssuancesMonthly CMBS issuances were up in May, signaling a warming in the market to new risk retention rules that require lenders to keep more money on the books when issuing loans. There were 135 CMBS loans totaling $5.2B issued in May, according to recent Trepp data, backed by several iconic office towers in the New York City and Washington, D.C., markets. This is a marked increase from the $3.3B worth of securities issued in April. |
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Fed Boosts Rates In June: Here's What CRE Players Need To KnowIn a move that was of little surprise to commercial real estate experts, the Federal Reserve raised short-term interest rates for the third time in six months. The quarter-point move boosted rates to a range of 1% to 1.25%. Though this is the fourth rate hike central bankers have implemented since December 2015, the gradual moves have had minimal impact on commercial real estate dealings. Here is what industry players need to know about June's move. |
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