Regions
Economy Watch: Durable Goods Another Positive for the Economy
Indicators for the U.S. economy in March have so far been coming in mixed, but on Thursday there was one more for the positive side of the ledger: durable goods orders were up 2.6 percent for the month, according to the Census Bureau.
TODAY’S DEALS: Security Properties Grabs 192-Units in Las Vegas
Security Properties enters Las Vegas with a $23 million apartment purchase; Marcus & Millichap brokers a $3.5 million rehab sale in St. Petersburg, Fla.; and Red Capital signs a $10.1 million FHA 223(f) loan with ReBuild America to preserve affordable housing.
Bernards Finishes Construction on BRE’s Wilshire La Brea in Los Angeles
Bernards has announced the completion of the $105 million Wilshire La Brea mixed-use development located in Los Angeles’ Mid-City neighborhood. The property was developed by San Francisco Based BRE Properties, which will also manage the rental community.
Carlson Rezidor Holds Largest Hotel Pipeline in Africa with 6,300 Rooms Under Development
According to the recently released report from W Hospitality Group, “Hotel Chain Development Pipelines in Africa 2014,” Carlson Rezidor holds the largest hotel pipeline in Africa.
Skanska UK Inks Agreement to Build London Office Project
Skanska UK recently announced that it has completed an agreement with developer Helical Bar for the construction of a London project; the project will be included in the company’s order bookings for the second quarter of 2014.
Brookfield Multiplex Builds $111M Residential Tower in Surfers Paradise
Brookfield Multiplex has announced securing the building contract for a $111 million (AUD 120 million) residential high-rise in Surfers Paradise, Australia.
New Student Housing in Savannah Nears Completion
The Hue, a new-construction student housing property developed by St. Petersburg, Fla.-based University Housing Services, is approaching completion in time for the next school semester in September.
Terra Search Partners Names Search Veteran Linny Simkin as Senior Principal
San Francisco -based Terra Search Partners, an executive search firm specializing in the real estate industry, announced that Linny Simkin has been promoted to senior principal of the firm.
Prism Capital Partners Adds Resident-Only Store to NJ MF Development
As a special amenity for its residents, Prism Capital Partners has opened a convenience store in its newly opened Parkway Lofts, a 361-apartment multifamily that was redeveloped from a century-old landmark of a six-story warehouse.
Economy Watch: New Homes Sales Dip Unexpectedly
Sales of new single-family housing came in at an annualized rate of 384,000 units in March, according to the Census Bureau.