Regions
Economy Watch: Construction Spending Continues to Drop Because of Energy
U.S. construction spending continued on a downward trajectory in March.
TODAY’S DEALS: Kennedy Wilson Expands with Condo-Quality Apartment Acquisition
Kennedy Wilson completes a $47 million purchase with value-add intentions; Greystar nabs a 200-unit community in Quincy, Mass.; and a national real estate investor purchases a property for $30 million in an online auction.
ResiModel Announces Additions to Client Roster
ResiModel, a platform for aggregating, standardizing and analyzing financial data for multifamily transactions, reported a roster of clients that it onboarded during the first quarter of 2015.
Starwood Hotels Expands in Metro Manila with Westin-Branded Mixed-Use Project
A new hospitality complex is soon to emerge in Manila, the capital city of the Philippines.
Housing Close Enough to Walk to Class
A new, 632-bed student housing community with a pedestrian-to-campus orientation is under construction near the University of Nebraska in Lincoln.
Foxford Communities Completes Second Building at Clocktower Pointe
Work is under way on at Clocktower Pointe, a condo development in Countryside, a southwest suburb of Chicago, with two of its buildings now finished.
Economy Watch: Real Estate’s Part of the GDP
After releasing the 30,000-foot view of U.S. economic growth for each quarter, the Bureau of Economic Analysis releases a load of detail the next day, which in this case was Thursday. The underlying details include real estate data that breaks down total spending on most property types, as a percentage of GDP.
Meta Housing Corp. Presents Its First Family Arts Colony
Meta Housing Corp. finalized its first “family arts colony” apartment project in the San Pedro, Calif., neighborhood.
Related Acquired Massive Midwest Portfolio, Plans Rehab
The Related Companies’ Related Affordable and Related Midwest divisions have acquired more than 1,500 units in Chicago. The deal is part of a larger number of acquisitions in the Midwest that Related has completed recently, involving 17 properties in four states totaling 3,062 affordable housing units.
TODAY’S DEALS: Waypoint Grabs Waterfront Apartments in Newport Beach
IPA brokers a $25.5 million sale in Newport Beach, Calif.; Lee & Associates arranges a 32-unit asset in Los Angeles; and Berkadia negotiates the financing and sale of a multifamily property in Greater Phoenix.