Regions
Economy Watch: US, World Metro Areas’ Economic Growth Vastly Uneven
The fastest-growing metro areas in the United States year-over-year in 2014—including both employment growth and GDP per capita growth combined—were (in order beginning with the strongest): Austin, Houston, Raleigh, Fresno and Dallas.
Tallest Residential Tower in Downtown Manhattan Tops Out
Silverstein Properties has topped out 30 Park Place at 82 stories.
TODAY’S DEALS: Colliers Brokers Sale that Sets New Record in Marin County—$570 Per Sq. Ft.
Colliers International closes the sale of the 38-unit Casa Roja Apartments in Mill Valley, Calif.; and HFF arranges $57 million in takeout financing for a property in downtown Denver.
‘Setting the Standard’ for Multifamily in Oklahoma
Braxton Development, a Montana-based developer, broke ground on a new $30 million, multifamily project in northeast Oklahoma located at the corner of 51st Street South and 145th East Avenue.
World Class Land Launches Tallest Residences in the Southern Hemisphere
A new addition to the stratosphere of luxury real estate will soon rise in Melbourne’s Southbank.
Rotterdam World Trade Center and Amsterdam’s Citroën Buildings Sold
Rotterdam World Trade Center and the Citroën buildings in south Amsterdam changed hands recently, around the end of last year.
Olshan Properties Announces Matthew Winn Is New COO
Olshan Properties announced MatthewWinn as chief operating officer effective January 2015.
Acquisition Banks on ‘Good Neighbors’
Bell Partners continues to grow with its latest acquisition of Alta Estates in Boston.
After Many Years, New Residential Tower Will Enter LA Skyline
Trumark Urban will develop 1050 S. Grand, a planned 22-story condominium in Downtown Los Angeles, thanks to $77 million in construction financing.
Economy Watch: Millennials Will Continue to Be Renters. Here’s Why
All good times do come to an end, but in the case of the running boom for U.S. apartment properties, demographic data (demand) and development data (supply) are still on the landlords’ side and likely will be for at least another decade, if not longer.