News
Economy Watch: Initial Unemployment Claims Down, 4Q GDP Stands Pat
Unemployment claims for the week ending March 24 dropped by 5,000 to 359,000, according to the Bureau of Labor Statistics on Thursday, the lowest that particular number has been since April 2008, back in the days of crummy growth, but before the full-fledged Great Recession.
PROFILE: Carrfour Supportive Housing
There continues to be much need for the type of supportive individual and family housing being developed by Carrfour.
TODAY'S DEALS: Related, Shoma Buy 48 Acres for Mixed-Use Development
The Related Group and Shoma Group buy land for a mixed-use development; Boston Capital closes an affordable seniors housing construction loan; and George Smith Partners clinches a $1.5 million acquisition financing at 90 percent LTC.
Waterton Associates Returns to Portland Market with LaSalle Apartments
After a five-year absence in the area, Chicago-based Waterton Associates has re-entered the Portland market with the acquisition of the 554-unit LaSalle Apartments, located at 15021 SW Millikan Way in Beaverton, Ore.
Economy Watch: Governments Out to Pop Oil Bubble
Citing British and American sources, as well as France’s Energy Minister Eric Besson, media reports said on Wednesday that the three nations seemed poised to deal with fuel prices in the coming weeks by releasing strategic oil stocks.
TODAY'S DEALS: Dornin Acquires Seniors Housing Community in California
Dornin Investment Group purchases a 122-unit seniors community located in San Marcos, Calif.; AIG Global Investment Group sells a three-property portfolio in New Jersey; and Marcus & Millichap closes the $1.5 million sale of a 16-unit property.
Ground Broken for New Denver Luxury Apartments
Allied Realty Services Ltd. and Amstar have formed a joint venture to develop 2785 Speer.
Apartment Complex Under Way in Virginia's Tidewater Market
Wood Partners LLC has broken ground on Streets of Greenbrier, an apartment complex adjacent to the Chesapeake Mall in the city of Chesapeake in the Tidewater region of Virginia.
Half of Condominiums Now Sold at The Story House in Manhattan
The Story House, a boutique condominium located in Manhattan’s Flatiron district, is preparing for its first closings this spring. As it does, developer Manhattan Skyline has announced that the property is now 50 percent sold.
ARA Enhances Mid-Atlantic Presence in Richmond, VA Market
RA has hired former CBRE Senior Investment Broker, Wink Ewing.