News
Mediterranea Porcelain Tiles Replicate Petrified Wood
Mediterranea recreates ancient ‘wood’ with advanced printing techniques in their new Mountain Timber series of porcelain tiles.
Economy Watch: Japanese Disaster Reverberates Worldwide
The damage to Japan is widespread, with ripples affecting numerous facets of finance and industry. And hackers at Anonymous are accusing Bank of America of playing dirty with homeowners insurance.
Berman Joins Ariel Property Advisors
New York–Jonathan Berman has joined Ariel Property Advisors as a vice president for investment sales with responsibility for multifamily and development properties in Brooklyn.
Dune and TDI Form $1B Multifamily JV
Dune Real Estate Partners and TDI Real Estate Holding have formed a joint venture to acquire and develop multifamily assets throughout the United States.
TODAY’S DEALS: Senior Housing Properties Trust to Buy 20 Communities for $304M
Senior Housing Properties Trust to acquire 20 communities for $304 million; Harbor Group affiliates to buy 20 property mulifamily portfolio for $165.9 million; and Transwestern Realty funds mezz loan for new construction.
2,580-Unit Multifamily Portfolio Trades for $460M
In a joint venture, Pantzer Properties and Dune Real Estate Partners have acquired the eight-community Magazine Portfolio in metropolitan Washington, D.C. for $460 million.
Economy Watch: Quake’s Economic Impact Hard to Gauge
In the wake of the tragedy in Japan, the Bank of Japan pumps money into the country’s financial system; inflation is on consumer’s minds; and the SEC has issued the former head of Fannie Mac a Wells Notice.
WEB FEATURE: Is a Call Center Right for Your Management Team?
Call centers–both built around automated systems and live staff–are designed to deliver sales leads, improved marketing and operational efficiency. But they may not be for everyone.
CRE Consultant Predicts Lower CRE Returns until the Mid-10s
The San Francisco-based real estate advisory Wolfback is predicting a slump in U.S. commercial real estate investment returns for the next four years.
Seniors Property to Blend Historic L.A. Architecture with Modern Seniors’ Needs
Los Angeles–Parkview Living, a 75-unit affordable seniors apartment, allows the tenants to live with the amenities that modern-day seniors desire.