Economy Watch: Employment Still on the Rise?
ADP reports an increase in private-sector employment; Moody’s expects improvement for CMBS in 2011; and construction is at a decade-long low.
Donatelli Has Funding to Proceed with TOD Apartments in D.C.
Washington, D.C.–Donatelli Development has obtained equity financing for the next phase of its Highland Park development, a 144-unit apartment building.
Donatelli Has Funding to Proceed with TOD Apartments in D.C.
Washington, D.C.–Donatelli Development has obtained equity financing for the next phase of its Highland Park development, a 144-unit apartment building.
Economy Watch: Investors Gung-Ho for Apartments in 2010
Apartment property investment sales grew a startling 96 percent last year; state revenues are starting to heal; and investing in Borders is probably not a good bet at the moment.
Archstone Breaks Ground on TOD Apartments in Suburban D.C.
Gaithersburg, Md.–Archstone has broken ground on a 389-unit apartment complex plus retail space in a a D.C. suburb.
Economy Watch: Consumers Out Spending Again
Spending jumped, even though income still lags behind; there are a lot of empty homes out there; and Chicago’s economy is showing accelerated growth.
Economy Watch: 4Q GDP Growth Shows Strength
GDP showed growth coming out of 2010; wages and benefits showed a minor increase for workers lucky enough to have jobs; and Lloyds Banking Group is unloading bum property loans.
JV Acquires SoCal Student Housing for $43M
Riverside, Calif.–The Palms on University boasts a fitness center, computer lab, game room, tanning salon, pool and spa, and outdoor basketball and volleyball courts.
Westchester County Apartment Complex Sells for $28M
New York–Phoenix Realty Group and Property Resources Corp. have acquired a Westchester County, N.Y. apartment property for $28 million.
JP Morgan Buys Chicago Multifamily Trophy Property for $182M
Chicago–J.P. Morgan Asset Management will take a majority stake in the 87-story Aqua, a mixed-use development in downtown Chicago.