EMP Capital Scores $110M for Brooklyn Development
The project is EMP’s second currently underway in this neighborhood.
Economy Watch: Americans Generally Optimistic About Economy
A new Pew Research Center report reveals that nearly six in 10 Americans believe the current economic situation is good, given that the U.S. economy has experienced 80 months of consistent job growth. However, the same participants weren’t as optimistic about future prospects.
Economy Watch: AIA Predicts More Construction Starts in 2018
The Architecture Billings Index has posted three consecutive months of design revenue growth, according to the AIA, which bodes well for construction spending growth next year.
Walker & Dunlop Facilitates $222M Refi Ahead of Rate Increases
The private borrower used the IRR program to obtain lower interest rates on 30 existing HUD loans backed by senior living and healthcare properties.
Economy Watch: Beige Book Says Multifamily Outlook Mostly Positive
The central bank’s districts reported varied outlooks on multifamily activity, but they were largely optimistic on the whole.
Economy Watch: Negative Signals for the Economy
A number of new datapoints this week show a somewhat unfavorable picture for the U.S. economy as we near the end of 2016.
Boston Housing Project Redevelopment Completed
The second phase of the redevelopment of the Homes at Old Colony has been completed. The phase involved work on 129 residential units at the property, which is thought to be the nation’s oldest public housing project.
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