National
TODAY’S DEALS: ASB Acquires Class A Seattle Apartments for $90M
ASB Real Estate Investments announced the acquisition of buildings in the burgeoning Capitol Hill neighborhood; a newly built California asset trades for $84 million; and ARA Newmark closes two suburban Atlanta sales.
Economy Watch: Construction Edges Down Because of Energy
U.S. construction spending experienced a modest downtick in February, off 0.1 percent overall, but is still 2.7 percent higher than the same month last year, according to the Census Bureau.
Economy Watch: Real Estate Markets Benefit from Boost in Engineering Jobs
The missing piece of the puzzle for full economy recovery is still higher wages across most sectors of the economy.
TODAY’S DEALS: Greystar Adds Boston Area Asset to Portfolio
CBRE/New England brokers a sale outside Boston; NGKF provides AION Partners with Florida financing; and a joint venture between Bascom and Oaktree buys an apartment community in Nevada.
Economy Watch: Lackluster GDP, But Real Estate Growth Better
The third and final estimate for fourth quarter US GDP came in at an annualized rate of 2.2 percent, according to the Bureau of Labor Statistics.
Bozzuto Management Commissions Luxury Model Apartment
HDG delivers high-end design for Washington, D.C. apartment community
Economy Watch: CRE’s a Hedge Against Inflation, But So What?
Inflation is about as dangerous as an after-dinner mint these days, which casts some doubt on commercial real estate’s traditional role as a hedge against inflation.
Economy Watch: Trucking Downtick Points to Slightly Slower Economy
Two indirect barometers for the U.S. economy were released on Tuesday, both of which are transportation related, and one of which is of special interest to industrial and retail real estate.
Is the Gap Widening Between the Rich and Poor?
A new report by the Brookings Institution looks at the gap between the richest and poorest households.
Economy Watch: Will Millennials Continue to Rent?
The latest report about existing home sales were neither good nor very bad.