News
Economy Watch: Americans Borrowing More (for Schooling)
The Federal Reserve reported that total consumer credit was up at an annualized rate of 7.8 percent in February, compared with a 5.5 percent increase in January.
Google Announces $390 Million Data Center Expansion in Belgium
Google has announced a $390 million (300 million Euro) investment in the expansion of its data center in Belgium.
New Zealand’s Housing Market Hits Record Highs as Urban Areas Drive Growth
Quite the amount of good news coming from the Antipodes as New Zealand’s real estate market is currently on the up.
APARTMENT MARKET STATISTICS: April 2013
Condo prices showed the first annual increase since 2007, registering a gain of 7 percent in 2012, according to the National Association of Home Builders.
APARTMENT MARKET STATISTICS: March 2013
Multifamily permits are now being issued at a rate of more than 300,000 units per year, according to the National Association of Home Builders.
Carroll Organization Buys Orlando Apartments for $40M
The Carroll Organization has acquired the 526-unit Camden Reserve apartment community in Orlando, Fla., for $40.5 million.
TODAY’S DEALS: La Jolla Asset Trades for $29M
CBRE Group Inc. facilitates a 60-unit sale; Friedkin Realty Group sells a 208-unit asset in the Bay Area; and NorthMarq Capital arranges $33.38 million in a combined10-year mortgage.
MHN Interview: Getting an Insider’s Perspective on Seniors Housing
In order to learn more about the useful design elements in seniors housing, the architects at D2 Architecture in Dallas have started the Sleepover Project, which allows them to spend a day at the facilities as a “resident” to learn more about the community.
Manulife Buys $580 Million Office Tower in Hong Kong’s CBD2
Manulife (International) Limited has signed a sale-and-purchase agreement with Wheelock Properties Limited for the West Tower at the One Bay East development in Kowloon East, Hong Kong.
Three Affordable Housing Properties to Benefit from $1.4M in Disaster Recovery Funds
The Broward County Housing Authority was awarded a $1.4 million grant by the Broward County Housing Finance and Community Development Division, which will be used to strengthen three of its multifamily rental communities to better withstand storms.