Regions
Economy Watch: Consumer Spending Up in August, Incomes Not So Much
There was a disconnect between a rise in consumer spending and a rise in personal income during August, according to the Bureau of Economic Analysis on Friday, and it didn’t bode well for the U.S. economy.
TODAY’S DEALS: Bascom Continues Phoenix Buying Spree
Bascom buys two assets; Centerline Capital provides financing for a Colorado acquisition; and Commercial Mortgage Capital closes $46.5 million in financing in August.
Suburban Dallas Apartment Property Breaks Ground
Work is under way on a $50 million, 444 unit-development apartment in suburban Dallas, as part of a larger joint venture by Catlyn Capital Corp. and TDI Real Estate Holdings LLC.
Beech Street Capital Closes $92.6M in Freddie Mac Loans to Acquire Three Nashville Communities
Mortgage Banking company Beech Street Capital LLC recently closed $92.6 million in Freddie Mac Capital Markets Execution loans for the acquisition of a three-property portfolio in Nashville, Tenn.
Jakarta High-Rise to Become the World’s Fifth Tallest Building
Indonesia will soon welcome the highest skyscraper in Southeast Asia, a $2 billion iconic superstructure that will dramatically transform Jakarta’s skyline.
Economy Watch: US GDP Grew Tepidly in 2Q
The Bureau of Economic Analysis released its final estimate of U.S. GDP growth on Thursday, the one that will be cited forever more, and it wasn’t good tidings for the U.S. economy.
TODAY’S DEALS: Salmanson Capital Completes $15.2M Off-Campus Buy
Salmanson Capital buys 50 off-campus assets near Lehigh University; Beech Street provides $10.9 million for a Philadelphia portfolio refinance; and Alliant Capital closes two loans for borrower to pay off bank loan and capitalize equity.
Central and South America See Hospitality Sector Accelerate Activity, Continue Upward Trend
The Central and South American hospitality market is on the rise.
IPA to Break Ground on Phoenix-Area Apartments
Investment Property Associates and the Rockefeller Group have formed a joint venture to develop a 402-unit apartment community at the northeast corner of Warner and Recker roads in Gilbert, a suburb of Phoenix.
Abu Dhabi Mixed-Use Development Completed
Leading Middle East luxury developer DAMAC Properties has announced completing its first Abu Dhabi development: the mixed-use luxury property Marina Bay.