Archive for February 2011
TODAY’S DEALS: BRE Acquires 220-Unit Apartment Community for $56.5M
BRE Properties Inc. buys 220-unit community for $56.6 million; Tikijian closes the sale of 384-unit Knobs Pointe; and Charles Dunn completes $1.2M sale in Los Angeles.
Read MoreCrescent Resources Names Nina Shor Attorney General Counsel
Charlotte, N.C.– Crescent Resources LLC hired Charlotte real estate attorney Nina Shor to serve as general counsel and create the company’s in-house legal department. Shor brings more than 25 years of experience to the new post. Prior to joining Crescent, Shor helmed The Shor Law Firm PLLC in Charlotte. Her real estate development practice focused…
Read MoreEconomy Watch: Feds on Verge of a Nervous Shutdown
Is the federal government going to shut down because of the fracas between zealous House members (including freshman who weren’t around for the ’95 shutdown), somewhat less zealous members of Congress and the administration? On Saturday, the House passed by 235-189 a bill that cut more than $61 billion from fiscal 2011–the year underway–as part of a temporary funding measure.
Read More‘The Accidental Economist’ with Jack Kern: And the Census Says…
The Census Bureau has released some very interesting statistics from the American Housing Survey. The survey covers characteristics of the housing inventory in most metropolitan areas and there are always some surprises. For example, in 2009 in Seattle, homeowners in the Sea-Tac metro area paid a median monthly housing cost of $1,576, while renters paid…
Read MoreDevelopment Team Chosen for Biggest NYC Affordable Housing Project in 40 Years
New York–The Hunter’s Point development will encompass 5,000 new housing units–75 percent of which will be reserved for low-, moderate- and middle-income families.
Read MoreDevelopment Team Chosen for Biggest NYC Affordable Housing Project in 40 Years
New York–The Hunter’s Point development will encompass 5,000 new housing units–75 percent of which will be reserved for low-, moderate- and middle-income families.
Read MoreQ&A with the City of Las Vegas’ Tim Whitright
Tim Whitright, development manager with the City of Las Vegas Economic and Urban Development Department, talks about what his department is doing to get Las Vegas back on track.
Read MoreTODAY’S DEALS: NorthMarq Arranges $16.93M for Institutional Borrower’s Class A Mid-Rise
NorthMarq arranges $16.93M for new property; NAI Capital Commerce closes $16 million apartment sale; and Chalres Dunn negotiates the sale of a 35-unit property in Los Angeles.
Read MorePODCAST: Economy Watch Weekly with Dees Stribling
For the week ending Feb. 18, there was plenty happening, including a battle in Washington over the federal budget, opposing views on inflation, and the administration formally suggesting a slow process of winding down Fannie and Freddie.
Read MoreMultifamily to Benefit from Improving CRE Finance
San Diego–Lack of capital is no longer the main problem for real estate finance, according to Jones Lang LaSalle’s 2011 Commercial Real Estate Financing Outlook.
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