Are Millennials Itching to Leave Downtown?
Millennials in cities nationwide have flocked to fill downtown apartments over the past decade, but a recent USC study predicts that the real estate market should brace for a major migration out of core urban areas.
ZOM to Develop Waterfront Apartments in Tampa
The company, along with Northwestern Mutual, will break ground on a 323-unit development.
Consumer Spending Growth Tiny, Consumers Seem Nervous
Without growing income, retail spending is going nowhere, so it’s reasonably good news that U.S. personal income increased $57.4 billion, or 0.4 percent, in March according to the Bureau of Economic Analysis.
Boston Announces Plan to Ramp Up Housing Supply
The city of Boston released its housing report detailing how it will create 53,000 units of housing by 2030.
JV Obtains $148M For Acquisition of Bay Area Apartments
Deutsche Asset Management and Maximus Real Estate Partners received financing for the property, which was built in 1970 and includes 296 units.
Economy Watch: FOMC Stands Pat Again
The Federal Open Market Committee declined to adjust the federal funds rate.
Denver Community Trades Hands in Low-Vacancy Market
The 48-unit property was acquired for $5.6 million.
Economy Watch: Consumer Confidence Drops Modestly
The Conference Board reported that its Consumer Confidence Index declined moderately in April.
Northstar, Balfour Start Work on Senior Housing in Denver
The planned 74 units, which will include 58 assisted living and 16 memory care, are slated for completion in the spring of 2017.
Economy Watch: CMBS Loses Severities Steady in ’15
U.S. CMBS loss severities are steady year-over-year, rising only slightly to 45.7 percent in 2015 from 44.8 percent in 2014, and further solidifying the historical average at 46.6 percent, according to a new report released recently by Fitch Ratings.