News
Economy Watch: Retail Sales Inch up in August
U.S. retail sales increased by a smallish 0.2 percent in August compared with July, according to the Census Bureau.
‘What Renters Want’ with Jessica Fiur: Apartments and Superstitions
Many high-rises don’t have a 13th floor. What other superstitions are there regarding buildings?
Oden Hughes Set for Construction of 950-Unit Community Starting in 2014
Austin-based Oden Hughes and Desarrollos Delta of Monterrey, Mexico, have announced that they will begin the first phase of construction on a 950-unit, multifamily community in the Northwest area of San Antonio beginning in early 2014.
NYC Falls Behind Tokyo in Residential Investment Value: Study of Top Global Cities
Residential rental growth in the world’s leading cities outperformed office rents in the first half of 2013, making residential real estate look a viable investment asset class, according to international real estate advisor Savills.
TODAY’S DEALS: Griffin-American Acquires 44 Seniors Housing Properties in the U.K.
Griffin-American Healthcare REIT II completes a $472.2 million U.K. portfolio acquisition; Landmark Apartment Trust of America acquires two apartment communities for $37 million; and Washington Property Co. obtains a $75 million permanent loan for new project in Silver Spring, Md.
Gersper Joins CFLane as Executive VP of Property Management
CFLane, a full-service multifamily investment firm and management services provider, has hired real estate veteran Melanie Gersper as executive vice president of property management.
Wood Partners Plans First Mixed-Use Community in Midtown Atlanta to Use Natural Gas
Wood Partners has unveiled plans for a multifamily high-rise in Midtown Atlanta. According to the developer, the property will be the first in the metro area to use natural gas exclusively for home heating, hot water and cooking.
Peak Campus Awarded Management of Three Student Housing Developments
Peak Campus Management has been awarded management of three new private student housing developments in the Upper Midwest.
Economy Watch: Housing Inventory, Median Prices Up
Realtor.com, which is part of the National Association of Realtors, reported on Thursday that the U.S. housing inventory recovery is broad and growing.
Leighton Properties Begins Construction of Fourth Office Tower at Kings Square in Perth
Leighton Properties has recently broken ground on its fourth office tower at the Kings Square precinct, a key component of the State Government’s multi-billion dollar Perth City Link TOD.