Economy Watch: New Homes Sales Slump in January
New home sales took a dive in January; Goldman Sachs predicts budget cuts would slow U.S. growth; and oil markets nervously await the outcome of the upheaval in Libya.
Development Team Chosen for Biggest NYC Affordable Housing Project in 40 Years
New York–The Hunter’s Point development will encompass 5,000 new housing units–75 percent of which will be reserved for low-, moderate- and middle-income families.
Q&A with the City of Las Vegas’ Tim Whitright
Tim Whitright, development manager with the City of Las Vegas Economic and Urban Development Department, talks about what his department is doing to get Las Vegas back on track.
PODCAST: Economy Watch Weekly with Dees Stribling
For the week ending Feb. 18, there was plenty happening, including a battle in Washington over the federal budget, opposing views on inflation, and the administration formally suggesting a slow process of winding down Fannie and Freddie.
RealPage Launches Automated Repayment Program
Carrollton, Texas–RealPage, Inc. has launched an automated repayment service for its OneSite Affordable customers, giving property owners a new tool to recover lost revenue by more easily tracking subsidies tenants owe to the Department of Housing and Urban Development (HUD).
Economy Watch: Multifamily Starts Hot, Single-Family Starts Not
An increase in multifamily starts offset a drop in single-family housing starts in January; and analysts are worried about inflation, although the Fed isn’t.
Reston Station Apartments May Begin Next Year
Reston, Va.–Ground breaking for the first component of the Reston Station Metro Facility–which will form the foundation for Reston’s first TOD, a 1.3 million square-foot, mixed-use development–has been set for this spring.
Grubb & Ellis Creates Daymark Realty Advisors
Santa Ana, Calif.–Grubb & Ellis Company has created Daymark Realty Advisors, Inc., a wholly owned and separately managed subsidiary, to manage the company’s entire tenant-in-common portfolio.
Economy Watch: The Winners and Losers of Retail
Retail didn’t see quite the jump in January for which many were hoping; Borders finally files for bankruptcy; and Family Dollar may go private.
Bovis Lend Lease Tapped to Build Mixed-Use TOD in Maryland
Odenton, Md.–The Village at Odenton Station, a 400,000 square-foot mixed-use residential project near Baltimore and D.C., moves closer towards realization.