News
Economy Watch: Employment Index Slips
The Conference Board reported that its Employment Trends Index decreased slightly in November, making the fourth monthly drop this year.
Ken Uranowitz Named President of Gebroe-Hammer Associates
Ken Uranowitz has been named president of Livingston-based Gebroe-Hammer Associates, the region’s dominant commercial real estate brokerage firm, announced Chairman Alan Gebroe.
CPC Refinances Syracuse Apartment Community
The Community Preservation Corp. has provided a $5.48 million loan to refinance a mortgage on the Remington Gardens apartments in Syracuse.
TODAY’S DEALS: Chestnut Hill Acquires two Mass. Assets
Chestnut Hill Realty buys 581 units; Seagate Colorado Partners buys a 288-unit community in Colorado Springs; and Centerline Capital provides a $28.9 million Fannie Mae loan to refinance a luxury active-adult apartment property.
Mid-20th Century Military Barracks Restored in North Georgia
In planning a new “military education precinct,” administrators at North Georgia College & State University had slated historic Gaillard Hall, built in the early 1950s, for demolition. But Atlanta architectural firm Lord, Aeck & Sargent convinced the institution to save, restore and rehabilitate the structure.
SPECIAL REPORT: NYHC/NHC Conference Speakers Warn of ‘Mounting Fears’ for Affordable Housing
Speakers at the New York Housing Conference and National Housing Conference’s 39th Annual Awards program warned that the outcome of Capitol Hill fiscal negotiations may not be favorable to the industry’s production, preservation and investment programs.
Improving Consumer Attitudes Suggest Continued Strength in Housing Market
Despite continued uncertainty surrounding the fiscal cliff, Americans are showing increased confidence in the housing market and the direction of the economy.
Economy Watch: Retail Gains Jobs, Construction Loses Them
In reporting a net gain of 146,000 jobs in November, the Bureau of Labor Statistics also noted that some industries hired quite a bit, while others saw job losses.
Shimon Shkury Addresses Israel-America Chamber of Commerce in Tel Aviv
Shimon Shkuryy, president of Ariel Property Advisors, addressed about 200 attendees at the Israel-America Chamber of Commerce’s Third Annual Real Estate Seminar in Tel Aviv.
Co-Op City Gets $621M Refi
The long and storied history of Co-op City in the Bronx added another chapter recently when owner Riverbay Corp. and Wells Fargo closed on a deal to refinance the mortgage on the property to the tune of $621 million.