News
Economy Watch: E-Commerce Continues Its Upward Trek
The Census Bureau reported this week that U.S. e-commerce retail sales were up 2.1 percent in the fourth quarter of 2015, compared with the third quarter.
Mich. Apartments First in the US to Use PACE Financing with USDA Approval
Groundbreaking Michigan project aims at boosting energy efficiency in rental properties.
Work Under Way on Massive Queens Multifamily Development
The $1.5 billion development in Queens will eventually incorporate more than 2,400 rental apartments.
Meet Ames Shovel Works the MHN Excellence Silver in ‘Adaptive Reuse’
See a slideshow of the award-winning entry by Beacon Communities and Prellwitz Chilinski Associates.
Market Pulse for March 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: In December 2015, housing starts of buildings with five or more units gave back a portion of the gains made in November 2015. After growing from 344,000 to 378,000, a 9.9 percent increase, between October and November, housing starts of buildings with five or more units fell by 3.4 percent to 365,000 over the month of December. Despite the one-month decline, the number of housing starts of buildings with five or more units in 2015, 385,000, exceeded the level in 2014, 342,000, by 12 percent. Since reaching…
Mixed-Use Development to Rise Across from Historic Beacon Theatre
Eastern Union secured a $14.8 million construction loan for Opal Holdings’ new mixed-use residential development that will transform the current building at 207 W. 75th Street.
Alabama Community Changes Hands For $14.7M
The community, located in one of the most attractive markets in Alabama, includes 224 units.
Meet Broadwood Terrace the MHN Excellence Gold in ‘Low-Income Senior’
See a slideshow of the award-winning entry by Retirement Housing Foundation and Killefer Flammang Architects.
Queen’s University Belfast Preps for $100M Student Housing
McAleer & Rushe will develop two student housing facilities in central Belfast for Queen’s University.
Downtown Baltimore Property Sold through Greysteel
The 11-unit building nested in the heart of historic Mount Vernon was built in the 1900s and recently changed hands for $1 million.