National
440-Foot Tower Proposed for Seattle
By Alex Girda, Associate Editor Seattle city planners have recently been forwarded plans for a brand-new 440-foot tower that would be developed at the corner of Second Avenue and Stewart Street. With permit applications yet to be filed, there are no major details on the project. However, The Seattle Times has released a number of […]
TODAY'S DEALS: ARA Sells 430-Unit Asset in Maryland
ARA sells a Class A asset on behalf of a JV; HFF lands acquisition financing for a Houston asset; and Grandbridge finances a $20.7 million, three-year, bridge loan.
Economy Watch: State Unemployment Inches Upward
The Bureau of Labor Statistics reported on Friday—and got more attention than usual for it, because of the upcoming election—that regional and state unemployment rates were generally little changed or slightly higher month-over-month in July.
TODAY'S DEALS: Passco Buys 240-Unit Asset in South Carolina
Passco Companies buys a Class A asset; Behringer Harvard acquires a Dallas site for a joint venture development; and NorthMarq Capital arranges a $23.5 million refinance loan.
Undeveloped Tract Transformed into a $35M Mixed-Use Project in East Austin
By Camelia Bulea, Associate Editor Richard deVarga, a local developer and architect, and Robert Summers, an Austin attorney and arts advocate, recently bought 25 acres of undeveloped land in East Austin and plan to convert it into a $35 million mixed-use project that will include 150 residences along with public, studio and retail space. It […]
Economy Watch: Housing Starts Take Small Dip
According to the Census Bureau on Thursday, housing starts dropped in July to an annualized rate of 746,000.
TODAY'S DEALS: CBRE N.E. Sells 550-unit Massachusetts Asset
CBRE N.E. Partners sells a 550-unit TOD community; HFF secures $27 million for a Texas asset; and Johnson Capital arranges $20.1 million in 35-year amortization loans for two assisted-living complexes.
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.
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.