News
Economy Watch: Jobs Report Mostly Positive, Wall Street Reacts
The headline numbers from the Bureau of Labor Statistics—a net of 165,000 new jobs in April, and upward revisions for the previous months—were well received, especially by investors.
Gaia Pays $55M for Two East Providence Multifamily Communities
Gaia Real Estate has purchased the Winchester Park and Winchester Wood multifamily communities in East Providence for $55 million or $115,000 per unit.
Legendary Ft. Worth Ranch to Become Urban Village
The famous Edwards Ranch, located in the heart of Ft. Worth, Texas, on the banks of the Clear Fork of the Trinity River, will soon be transformed into Clearfork, a 270-acre urban village to be developed by Cassco Development Co., in partnership with Rosewood Property Co.
MHN TV: Sources of Capital: Life Companies, Conduits, Banks
Denny St. Romain, managing director of Real Estate Investment Banking at Jones Lang LaSalle, discusses three sources of commercial real estate financing today: life companies, conduits and banks.
Conduits Competing Directly with Fannie Mae, Freddie Mac
Vic Clark, managing director of Centerline Capital Group, explains the increasing competitiveness of CMBS financing in the commercial real estate world.
TODAY’S DEALS: Development Site Near Hudson Yards Sells For $21.25M
A development site positioned in New York City’s Hudson Yards Special District at 511-515 West 36th Street has traded for $21.25 million; and Alliant Capital completes $24.71 million in acquisition loans.
Special Report: From Concrete to Wetlands—NYC’s Blueway Plan
At a recent presentation in Manhattan called “The East River Blueway Plan,” speakers discussed plans to build a waterfront land area from the Brooklyn Bridge up to 38th Street. This land will act not only as a barrier to protect buildings from future storms and hurricanes, but also as a way to connect communities and encourage waterfront activities such as kayaking and fishing.
Economy Watch: Hiring Improves in April
The U.S. economy created 165,000 jobs in April, according to the Bureau of Labor Statistics, which isn’t completely robust but at least puts to rest fears of a sharp slowdown in hiring.
500 Lake Shore Drive Marks Related Midwest’s Chicago Rental Debut
Some of the headiest views in Chicago are now available to renters, with the debut this week of 500 Lake Shore Drive.