News
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.
IPA Arranges $148M Sale of San Jose Community
Institutional Property Advisors has arranged the $148 million sale of Willow Lake Apartment Homes in San Jose, Calif. This sale equals approximately $291,000 per unit.
TODAY’S DEALS: O’Connor Capital Partners Lands $62.3M Construction Loan
O’Connor Capital Partners lands a $62.3 million construction loan; Candlebrook and Angelo, Gordon & Co. acquire an asset near Philadelphia; and Arbor funds seven FHA deals across the nation.
‘What Renters Want’ with Jessica Fiur: Going Green (Literally) with Pantone’s 2013 Color of the Year
Ways to spice up your apartment units with Pantone’s new color of the year—emerald.
European Hotels in The Luxury Collection Get Top Notch Renovations to Restore Their Former Glory
A number of European properties, part of The Luxury Collection Hotels & Resorts, are in different stages of renovation and restoration, part of a continent-wide operation worth $200 million.
CBRE Appoints Nick Keyes as Project Management Leader
CBRE, Inc. recently appointed Nick Keyes as the project management leader for the Cincinnati and Dayton, Ohio markets.
Economy Watch: November Employment Gains Roughly Average
The Bureau of Labor Statistics reported on Friday that the U.S. economy created 146,000 jobs in November. Since the beginning of this year, employment growth has averaged 151,000 per month, about the same as the average monthly job gain in 2011, which was 153,000.