News
Housing Starts Edge Down 1.1 Percent, Permits Rise In July
Nationwide housing production edged down 1.1 percent to a seasonally adjusted annual rate of 746,000 units in July, according to newly released figures from HUD and the U.S. Census Bureau.
Jerry Rappaport Jr. Joins Ed Zuker of Chestnut Hill Realty to Create CHR Investors
Jerome L. “Jerry” Rappaport Jr. has joined with Chestnut Hill Realty CEO Ed Zuker and his son, Robert Zuker, to found CHR Investors, an affiliate of Chestnut Hill Realty that will focus on real estate investment primarily in New England’s multifamily housing sector.
Jabal Omar Development Co. to Open 10 Hotel Towers Next Year in Mecca
Jabal Omar Development Co. has announced plans to open 10 hotel towers in Mecca next year as part of a 2.2 million-square-meter (24 million-square-foot) development project.
MARKET SNAPSHOT: Rents at Record Highs in Nashville; No New Completions in First Quarter
Multifamily in Nashville is witnessing record-breaking conditions that rival what was seen even before the financial crisis.
US Energy Group and Greenwich Energy Solutions Announce Strategic Alliance
US Energy Group recently announced a new alliance with Greenwich Energy Solutions (GES) to help drive down operating costs for facilities and ensure compliance with new environmental and energy regulations in New York City.
Economy Watch: Homebuilders Even More Optimistic
The National Association of Home Builders reported on Wednesday that its Housing Market Index increased 2 points in August to 37.
Apartment REIT Recapitalizes, Renames Itself
In a complex deal involving a number of investors, Apartment Trust of America Inc. has recapitalized itself, acquired a large new portfolio and changed its name.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 10, 2012.
TODAY'S DEALS: Archstone Partnership Acquires Boston-area Asset for $94.3M
Archstone buys a Boston-area apartment; National Health Investors completes a $25.2 million purchase of a senior living campus; and Greystone provides a $21 million refinancing for an affordable housing asset in Connecticut.
Economy Watch: Retail Sales See Unexpected Spike
Consumers unexpectedly went shopping with more brio than expected in July, according to the U.S. Census Bureau on Tuesday.