Regions
Economy Watch: E-Commerce Continues to Expand
The Census Bureau reported that U.S. e-commerce sales for the second quarter of 2014 were $75 billion, an increase of 4.9 percent compared with the first quarter of the year.
Affordability Extended at The JBG Companies’ Falkland Chase
An agreement has been struck to extend the term of 90 rental assistance units at the Falkland Chase Apartments in Silver Spring, Md. The JBG Companies and Montgomery County’s Department of Housing and Community Affairs (DHCA) are the parties entered into the agreement.
Health Care REIT Buys UK Seniors Portfolio for $257M
Health Care REIT has acquired a portfolio of 11 seniors housing properties in the UK for £153 million (about $257 million) in cash from Gracewell Healthcare.
Ryan Companies Breaks Ground on $31.7M Seniors Living Community
The Great Lakes Region of Ryan Companies US Inc. broke ground on its newest age-restricted senior living community in Mokena, Ill.
Marriott Opens 580-Room Hotel in Doha
Marriott Hotels, Marriott International’s business and leisure brand is currently gaining ground across the Middle East and Africa.
Modern Spaces Launches Sales at FIVE FortyOne In Long Island City
The official launch of sales has taken place at FIVE FortyOne, a luxury boutique condominium in Long Island City.
Economy Watch: Euro Zone Growth Stagnates in Q2
Eurostat, the statistics arm of the European Union, reported that gross domestic product in the euro zone (the 18 nations that use the common currency) neither grew nor contracted in the second quarter of 2014 compared with Q1.
INNOVATIVE Restructures to Create Additional Focus on Conventional Multifamily Communities, Hires Dana Caudell
INNOVATIVE Real Estate Companies has restructured to create additional emphasis on conventional multifamily in addition to student housing. INNOVATIVE’s principals—Doug Sherman, Michael Augustine and Jared Miller—are positioning the company for a period of strong growth in both sectors.
Bozzuto Communities Named Best Apartments in NY and Arlington, Va., says J Turner Research
Bozzuto Management Company, a Greenbelt, Md.-based residential property management company active throughout the East Coast, announced that Bozzuto communities were named as the “Best Property” in two of the largest and most competitive markets in the country – New York and Arlington, Va.