News
Suburban Boston Apartment Project to Take Its Cue from Rehabilitated 19th Century Building
Melrose, Mass.–In a $52.5 million endeavor, Wood Partners plans to mix some of the old with a bit of the new to create Alta Stone Place, a multi-structure apartment community in Melrose, Mass.
U.S. Will Not See 3% GDP Growth Until 2014
U.S. GDP growth is not expected to hit 3 percent until 2014. That analysis comes from the international real estate group Grosvenor.
TODAY’S DEALS: Trillium Residential Sells 724-Unit Property for $76M
Trillium Residential sells a 724-unit community for $76 million; Lynd purchases an $80 million portfolio of distressed student housing; and Hendricks & Partners oversees a $16,000 per-unit sale.
Ripple Effects of the Joplin Tornado on Surrounding Communities
Yarco Company’s Robert Schock shares with MHN some of the indirect human costs that are taking shape as people start to pick up the pieces shredded by the recent storms.
Jones Lang LaSalle Announces Merger with King Sturge
Jones Lang LaSalle will merge with international property consultancy King Sturge, with the two firms combining European operations.
Ripple Effects of the Joplin Tornado on Surrounding Communities
Yarco Company’s Robert Schock shares with MHN some of the indirect human costs that are taking shape as people start to pick up the pieces shredded by the recent storms.
Joint Venture Plans Metro Charleston Multifamily
Mount Pleasant, S.C.–CNL Macquarie Global Growth Trust Inc. and Woodfield Investments have entered into a joint venture to build a 258-unit multifamily development in Mount Pleasant, S.C.
Economy Watch: Foreclosures Now 28 Percent of All Residential Sales
Foreclosures make up a slightly higher percentage of the residential sales; GDP growth is dragging its feet; and gas prices have not dampened American travel plans.
Bouncing Back from the Bottom in Las Vegas
Las Vegas’ dependence on the nation’s disposable income set it up to take a big hit from the recession. Where does it go form here?