PODCAST: Economy Watch Weekly with Dees Stribling
For the week ending August 5, Congress managed to raise the debt ceiling at the last minute, while handing off tough budget decisions to a congressional bipartisan Super Committee; Wall Street goes into a free-falling panic, presumably over euro debt; and the jobs report isn’t as bad as expected.
Delray Beach Apartments Get Construction Funding
Delray Beach, Fla.–Wood Partners has closed on the construction financing of Alta Congress, a four-story, 369-unit apartment property near downtown Delray Beach.
MHN TV: 5800 Third Street: Prescriptions for Condo Turnaround
Market experts speak on the strategy and difficulties of turning around 5800 Third Street, a condominium-over-retail property in San Francisco’s Bayview District.
San Diego’s Riverwalk Apartments: A Creek Runs through It
Affirmed Housing Group has helped turn a dilapidated area along a trash-strewn creek bed in San Diego into the new 50-unit, affordable Riverwalk Apartments community.
Brody-Thaw Joins Commercial Asset Group
Beverly Hills, Calif.—Beverly Hills-based Commercial Asset Group, Inc. has hired Dana Brody-Thaw as executive managing director.
Economy Watch: Wall Street Tanks, but July a Better Month for Hiring than June
The July jobs reports had some relatively good news on the heels of Wall Street’s worst day in three years; commodities drop along with stocks; and CRE prices remain steady.
HFF Hires Mitchell as Tampa Director
Tampa, Fla.–HFF has hired Matt Mitchell as a director in the firm’s multi-housing group in its Tampa office.
Work Commences on First Multifamily Project at Charlotte’s Cameron Village
Crescent Resources L.L.C. has kicked off the development of Gallery, a 282-unit luxury apartment project in Raleigh, N.C.’s sprawling mixed-use Cameron Village.
Economy Watch: Debt Ceiling Done, Now Back to Worrying about Jobs
Corporate downsizing announcements spiked to a 16-month high in July; a Bureau of Labor Statistics report shows a wide variation in jobless rates among metro areas; and the non-manufacturing sector is growing, but slowly.
All Property Management Partners with RentalHomesPlus.com
Seattle–All Property Management will power RentalHomesPlus.com’s new property manager search by providing enhanced search services and resources to the RHP website.