News
Lackluster Consumer Spending Presages Continued Moderate Economic Growth Outlook Remains Positive for Gradual Housing Recovery
Economic activity slowed during the first half of 2012, fueled by a decline in the pace of consumer spending amid a sluggish labor market. Inflation-adjusted consumer spending growth dropped nearly a percentage point during the second quarter to a one-year low of 1.5 percent, as spending fell in June for the first time since last August.
Nonprofits Acquire LA Affordable TOD Property
Nonprofit affordable housing developer Abode Communities and Trust South LA, a community land trust, have acquired Rolland Curtis Gardens on West 38th Street in Los Angeles.
Acoustic Ceiling Panels Enhance Your Amenity Package
While sound proofing is a definite must inside units, there are certain applications where it makes sense to provide an environment with enhanced acoustics. Media rooms, business centers, lobbies and clubhouses can all benefit from better environmental acoustics, and CertainTeed has just what you need.
AMCAL to Develop Two L.A. Affordable Housing Communities with Help from TCAC Funds
AMCAL Multi-Housing is building two new apartment developments in the Los Angeles area with funding assistance from the California Tax Credit Allocation Committee.
Economy Watch: Hindsight on the Housing Bubble From the Fed
The “House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy,” which was released by the Federal Reserve on Monday, posits that the best way to prevent future housing bubbles would be to require lenders to be tougher in enforcing loan-to-income ratios for borrower.
Developers Break Ground on 323-Unit The Residences at La Cantera
By Camelia Bulea, Associate Editor USAA Real Estate Co. and Cambridge Development Group are set to break ground on a new Class A apartment complex to be called The Residences at La Cantera. The high-end, urban-style project will feature 323 units and 4,000 square feet of retail space, according to a USAA press release. The […]
440-Foot Tower Proposed for Seattle
By Alex Girda, Associate Editor Seattle city planners have recently been forwarded plans for a brand-new 440-foot tower that would be developed at the corner of Second Avenue and Stewart Street. With permit applications yet to be filed, there are no major details on the project. However, The Seattle Times has released a number of […]
Fountain Residential Partners Breaks Ground on Second Luxury Student Housing Community
Fountain Residential Partners has broken ground on LoftVue, a student housing facility near Texas Christian University in Fort Worth, Texas. This will be their second student community in the area.
Greystar Announces New Managing Director of Development for Student Living Portfolio
Greystar recently announce the hiring of Lance Hanna as managing director of development for its student living portfolio.
TODAY'S DEALS: ARA Sells 430-Unit Asset in Maryland
ARA sells a Class A asset on behalf of a JV; HFF lands acquisition financing for a Houston asset; and Grandbridge finances a $20.7 million, three-year, bridge loan.