Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.
As Google Unveils New London HQ, King’s Cross Redevelopment Program Flourishes
Tech giant Google has marked the real estate market during the past years with high-profile leases and property acquisitions in cities such as New York, London and Dublin, always putting its creative, alternative stamp on the office space it took over.
Fenway Center Mixed-Use Development Gets Go-Ahead
After a number of years in development limbo, the first phase of the long-delayed Fenway Center development has been given the green light for construction.
Economy Watch: The Economy Creates 195k Jobs in June
The Bureau of Labor Statistics reported that the U.S. economy created 195,000 jobs in June, a bit more than the average increase for the last 12 months, which is 182,000.
Upscale Apartments Slated for North Carolina
A $40.1 million, Class A, 322-unit garden-style apartment community is on the drawing boards for Durham, N.C.
TODAY’S DEALS: Bascom Closes on 121-Unit Asset in San Jose Suburb
The Bascom Group completes a $27.6 million buy; SBV Communities acquires its fourth asset in Greensboro, N.C.; and HFF secures financing for The Laramar Group.
South Florida LIHTC Property on the Block
The Royal Castle Cos., the developer and owner of the Villas de Mallorca, a 252-unit apartment property in Miramar, Fla., has put the property on the market.
Affordable Homes Break Ground in D.C.’s Mount Pleasant Community
Dignitaries congregated this week in the Mount Pleasant neighborhood of Washington, D.C., to celebrate the groundbreaking of Monsenor Romero Apartments. The $19 million affordable community, which will feature 63 units, will rise at the site once occupied by the Deauville apartments.
Economy Watch: More Evidence of Residential Strength
Another measure of the U.S. residential market, coming on the heels of strong Case-Shiller numbers last week, came in positive.
Emeritus to Operate Merrill Gardens’ Seniors Portfolio
Seniors housing specialist Emeritus has inked a deal to take over operation of 38 properties currently run by Merrill Gardens.