News
Long Beach Senior Affordable Community Finally Holds Groundbreaking
By Alex Girda, Associate Editor A major step was taken to ensure that an important residential development in Long Beach will have new life following a number of funding delays due to redevelopment legislation. However, the Ramona Park senior affordable housing development has managed to pull through and recently held a groundbreaking ceremony, confirming the […]
Mixed-Use Development Slated For San Francisco’s Potrero Hill
Multifamily developer Related California has announced plans to develop a mixed-use property in the city’s Potrero Hill district.
Economy Watch: Cypriot Bailout Done (Probably)
Over the weekend, the Cypriot parliament worked on a plan to confiscate a percentage of deposits over 100,000 euros in the most troubled of the country’s banks to raise the money demanded by lenders, so that the 10 billion-euro bailout may proceed.
Unusual Mixed-Use Development Under Way in Seattle
Work is underway on the 12th Avenue Arts development in the Capitol Hill district of Seattle. The mixed-use property will provide affordable housing, performing arts and commercial space all in one building.
TODAY’S DEALS: AvalonBay Sells Two D.C. Area Assets for $332M
AvalonBay sells 1,392 units; Decron breaks ground in Los Angeles; and NorthMarq Capital arranges $20.62 million in FHA financing.
CBRE Group Inc. Captures Top Honors in Fortune and Lipsey Surveys
CBRE Group Inc. was the highest-ranked commercial real estate services and investment company in Fortune’s annual Most Admired Companies list for the third consecutive year and the number one commercial real estate brand in Lipsey Company’s annual brand survey for the 12th consecutive year.
Bernards Begins Phase II of $67M Mixed-Use Community
Commercial developer Bernards is building the final phase of Decron Properties Corp.’s $67 million mixed-use project. The community, called Playa Del Oro, is located in Westchester, a suburb of Los Angeles.
Tata Housing Launches Landmark Residential Project in Odisha
Mumbai-based real estate development company Tata Housing has recently launched Ariana, Bhubaneswar’s first integrated residential community.
WNPM President Honored as a Woman Changing the World of Real Estate Management by IREM
Laura Khouri, president of Western National Property Management, has been honored by the Institute of Real Estate Management (IREM®) as a Woman Changing The World of Real Estate Management.
Growing Labor Shortages Impeding Housing and Economic Recovery
Growing labor shortages in all facets of the residential construction sector are impeding the housing and economic recovery, according to a new survey conducted by the National Association of Home Builders.