Economy Watch: Housing Starts Contract in April
The annualized rate of homebuilding dropped 10.6 percent from March to April; Geithner would prefer to not be the first Treasury secretary to preside over a default by the federal government; and Wal-Mart sees a dip in sales.
Campus Living Villages’ Student Housing Wins Accolades
Lubbock, Tex.–The Cottages of Lubbock, a premier student housing community near Texas Tech University, was recently voted students’ favorite off-campus place to live.
Nancy Packes and Cooper Square Collaborate on New Developments
New York–Nancy Packes and Cooper Square Realty have formed an exclusive joint venture to bring their respective areas of expertise to new development projects.
Economy Watch: Homebuilders Remain Dour
Builder confidence remains mired in pessimism; the economy is still the biggest concern for most Americans; and the United States has officially hit its debt ceiling, meaning default looms large.
Harlem Low-Income Property Rehabilitation Complete
New York–In the last five years, Tahl Propp Equities’ Gateway I in Harlem has made a remarkable turnaround, with recent rehabilitation achieving a 91 REAC score.
Avison Young to Relocate Headquarters, Reduce Carbon Footprint
Toronto–Avison Young is moving its headquarters to a new, greener office tower, as a way to lead by example in striving toward sustainability.
Economy Watch: Price Spike, Led by Usual-Suspect Gasoline
While the consumer price index rose in April, led by food and energy, real hourly earnings fell behind. And while the Sahara in Vegas closes, another giant casino opens in China.
Challenges to Multifamily Investment and Development on the Global Stage
Opportunities exist for U.S. investors looking to penetrate foreign apartment markets, but the number and variety of hindrances they meet along the way is staggering.
Time Equities Expands with West Coast Office
New York–New York-based Time Equities Inc. has opened its first West Coast office in Los Angeles.
PODCAST: Economy Watch Weekly with Dees Stribling
For the week ending May 13, home prices continued to slip-slide away, and Congress seems to be playing a game of chicken with the debt ceiling.