News
REIT Investors Spooked by Jobs Report: Should They Be?
REITs did an interesting thing not long after the BLS jobs numbers were published on Friday: share values took a dive.
Luxury and Exclusivity Key Selling Point at New Manhattan Condos
A new condo’s amenities include a sauna, private bicycle storage areas and a wine cellar with a private dining room. Is this what owners are looking for?
TODAY’S DEALS: Greystone Bassuk Group Closes $140M 80/20 Refi
The Dermont Co. refinances 66 Rockwell Place in Brooklyn, N.Y.; Capital One closes a $52 million senior loan for a Connecticut continuing care property; and Berkadia negotiates construction financing.
From Equestrian Center to Luxury Apartments
Construction has begun on Transwestern Development Co.’s new development VELA at Town Lake.
Gilbert Winn Named CEO of WinnCompanies
Arthur Winn, principal and founder of WinnCompanies, is announcing that his son Gilbert Winn has been named the chief executive officer.
Why This Joint Venture is Heading to The Village
Greystone has acquired a major interest in the prime West Village location of 130 7th Avenue South.
Economy Watch: The Long-Term Loss of Retail Jobs
The Bureau of Labor Statistics reported that the number of retail jobs nationwide increased by 46,000 in January, which is a good thing, but in fact retail employment trends haven’t been all that strong in recent years.
New Internet Rules Positive for Apartment Owners
In a remarkable turnaround from only a year or so ago, FCC chairman Tom Wheeler has proposed rules that will stop ISPs from blocking or slowing down Internet content at will, or accepting payments for sending data more quickly.
Tri Pointe Group Breaks Ground in Southern California
Tri Pointe Homes Southern California, a member of TRI Pointe Group, has broken ground on construction at The Westerlies, a 116 attached town home community in Oxnard, Calif.
Howard Hughes Corp. Receives Whole Foods Approval in Hawaii
Phase Two of The Howard Hughes Corp.’s Ward Village Master Plan has the green light to proceed. The new building will include a Whole Foods grocery store, new retail space and homes for local residents.