News
Economy Watch: Number of Marginally Attached, Discouraged Workers Down
At a net of 157,000 new jobs, the rise in employment during January wasn’t particularly strong, but there was other good news in Friday’s Bureau of Labor Statistics report.
Mill Creek Residential Announces New Glendale Luxury Apartment Community
Located at 610, N, Central Avenue, the site will be the home of a new, six-story, mid-rise, high-end apartment structure, one of the first properties of its kind for the developer. Resident amenities will include an underground parking facility, a resort-style pool and spa, an around-the-clock fitness center and yoga facility, a resident clubroom featuring a kitchen and business center, as well as two rooftop decks offering views of the nearby Verdugo Mountains.
Edison Village Slated for Spring Start
Edison Village in West Orange Township has won final site plan approval in preparation for construction to start this spring. The $230 million project is an industrial-to-residential adaptive reuse redevelopment of the historic Thomas Edison Invention Factory.
Jefferson Apartment Group to Develop Luxury Community Near Johns Hopkins
Jefferson Apartment Group recently broke ground on a residential community in East Baltimore near Johns Hopkins Medical Center.
TODAY’S DEALS: Beech Street Closes $70M for N.J. High-Rise
Beech Street Capital refinances a high-rise; Campus Apartments begins the second phase of a student housing overhaul at Shippensburg University; and Waypoint Residential acquires a suburban Atlanta community and expands its portfolio in South Carolina.
Ground Broken on Suburban Atlanta’s Avalon
Official groundbreaking has taken place on Avalon, an ambitious Alpharetta, Ga., development that combines residential, office, hotel, specialty retail, entertainment, restaurant and public spaces in one $600 million project.
Economy Watch: Job Creation Starts 2013 Lackluster
The U.S. economy created 157,000 jobs in January, according to the Bureau of Labor Statistics. That’s down compared with most months in 2012, which averaged about 181,000 jobs created per month, so 2013 is off to a tepid start.
La Jolla Townhouse Project Complete
Construction is complete on Paseo La Jolla, a 24-unit townhome property in La Jolla. The property also just opened a new two-bedroom model home and a sales center.
The Altman Companies to Develop 321-Unit Fla. Community
The Altman Companies, a Boca Raton, Fla.-based developer, announced that it has closed on 24.6 acres in Kendall, Fla.
TODAY’S DEALS: LYND Residential Acquires 438-Unit Asset in Houston
LYND residential makes a value-add buy in Houston; Federal Capital Partners provides $10 million in mezzanine debt for a Virginia development; and NorthMarq Capital arranges a $38 million loan from a life insurance company.