Regions
Leasing Underway at Related California’s The Emerson in Los Angeles
Related California has announced that leasing has started at the company’s new downtown residential apartment building, The Emerson.
TODAY’S DEALS: CBRE Acquires Portland Apartments from Capri Capital
ARA brokers a $54.1 million Portland sale; Equus completes the disposition of a 1,100-unit portfolio in Atlanta; and Capital Fund Services sources financing to preserve affordable housing stock in Indiana.
The Spot Experience-Silverstein Properties Unveiling is No Shaggy-Dog Story
Pet care services provider The Spot Experience has launched the first-ever full-scale onsite pet services residential amenity. The 9,000-square-foot state-of-the-art facility is offered in partnership with Silverstein Properties on the lobby level of Silver Towers, along 42nd Street.
Economy Watch: Personal Income Edges Up
U.S. personal income increased $22.7 billion, or 0.2 percent in September, according to the Bureau of Economic Analysis on Friday. During the same period, personal consumption expenditures (PCE)—people out-spending their personal income—decreased $19 billion, or also 0.2 percent.
Bell Partners Buys Suburban Atlanta Apartments
Bell Partners Inc., an apartment investment and management specialist, has acquired Alta Woods on behalf of its investors. The 498-unit property is in the Atlanta suburb of Woodstock, a town of about 24,000 in Cherokee County.
TODAY’S DEALS: PCCP Provides Ritchie Group with $56.5M for Stalled Utah Condo
The Ritchie Group lands $56.5 million to build out a stalled condo; Colliers completes a $6.3 million sale in Arizona; and Greystone provides a $11.7 million bridge loan for an affordable community in California.
Carter Announces Multi-family Development Near Boise State Named Vista
Carter announced its multifamily development near Boise State University will be named Vista.
Four Seasons Hotel Moscow Brings Contemporary Flair to the Iconic Hotel Moskva
One of the most iconic hospitality spots in the entire Russian Federation is set for a rebirth as the historic Hotel Moskva has been reopened as the Four Seasons Hotel Moscow.
Downtown LA Pricing Record Shattered by Kor Group on Barker Block
Warehouse No. 1 at Barker Block has sold out, making it the fastest-selling residential project in Downtown Los Angeles.
Economy Watch: Q3 GDP Growth Surprises on the Upside at 3.5 Percent
The Bureau of Economic Analysis reported its first estimate for Q3 real U.S. gross domestic product on Thursday, finding that it increased at an annualized rate of 3.5 percent for the quarter, which was above expectation.