Economy Watch: Employment Treads Water in March
The U.S. Bureau of Labor Statistics shows the labor market holding on, despite international nervousness; an ISM report is not as optimistic; a suit against Freddie Mac is dismissed; and new information comes to light regarding Fed lending in 2008.
Domain Kicks Off New Orleans Multifamily Redevelopment
New Orleans–The Domain Cos. has started construction on Gold Seal Lofts, a $7 million conversion of the former Gold Seal Creamery plant into green mixed-income housing.
Michigan Student Housing Tests Internet Protocol Television
Ann Arbor, Mich.–Education Realty Trust Inc. reports that its test of Internet Protocol Television at the Courtyards near the University of Michigan has been a success.
West Virginia Student Housing Project Breaks Ground
Granville, W. Va.–Asset Plus Cos. and Diamond Realty Investments Inc. have broken ground on the Domain at Town Centre, a student housing development at West Virginia University.
Nonprofits Create Multifamily Energy Efficiency Program in Chicago
Chicago–The Energy Savers program in Chicago helps multifamily owners make energy-efficiency improvements to their properties and aims to create building jobs.
New Atlanta Multifamily Property Stresses Water Conservation
Atlanta–Enso has unveiled its water-efficiency features, including a cistern for rainwater harvesting, water-efficient plumbing and a saltwater pool.
Phoenix, Orbach Form JV to Own Midtown Manhattan MF
New York–Phoenix Realty Group and the Orbach Group have partnered to acquire an interest in a 13-building residential portfolio on West 49th Street in Manhattan.
Phoenix, Orbach Form JV to Own Midtown Manhattan MF
New York–Phoenix Realty Group and the Orbach Group have formed a partnership that has acquired an interest in a 13-building residential portfolio on West 49th Street in Manhattan.
Infrastructure Growth in Latin America Promises Heightened Residential Demand
Washington, D.C.–The number and value of infrastructure projects in Latin America is ballooning, pointing to expanding economies for a number of countries in the region.
Economy Watch: Shiller Survey Predicts Home Prices to Continue Slump
Home prices should bounce back eventually–just not yet. And Warren Buffet gives his take on the resilience of Japanese markets.