Taurus Investment Holdings has paid $92 million, or $243.60/sf, for Wells Park, a three-building workplace complicated within the Boston suburb of Newton, Mass. The Boston funding supervisor purchased the complex from a venture of Angelo, Gordon & Co…. Hines has raised $590 million of capital commitments of a focused $1 billion for its Hines U.S. Property Recovery Fund, which is in a position to pursue investments in properties whose worth might be improved by way of redevelopment.

The iceberg home development has reached Vancouver, says Matthew Soules, an architect and professor on the University of British Columbia. A 1950s house close to UBC avoided the wrecking ball a couple of years in the past as a end result of new owners were keen to preserve its mid-century-modern design. Instead, they dug a basement beside the home that’s many times larger than the dwelling itself. Soules is conscious of another iceberg …