Regions
Economy Watch: U.S. Economy Adds 217,000 Jobs in May
The Bureau of Labor Statistics reported that the economy added a net of 217,000 jobs in May, which wasn’t quite as much as in April, but still a reasonably healthy number.
Combined Properties Wins Zoning for Fairfax Apartments
The City of Fairfax, Va., has approved a rezoning application for a project called Fairfax Circle Plaza.
Duo of Development Partners Purchases Former Turkey Processing Plant in Colorado
Pathfinder Partners and development partner 150 Main announced that they have closed on the $4.5 million acquisition of the former Butterball Turkey processing plant in Longmont, Colo.
TODAY’S DEALS: IPA Brokers $55.3M Sale in Reno
IPA brokers AG Spanos’ sale of a 350-unit luxury asset in Reno; NorthMarq arranges a $36.3 million refinance for an apartment in Orlando; and Houlihan Parnes brokers a $1.6 million loan for a Monticello, N.Y., community.
International Campus AG and Stichting DUWO Develop Student Housing and Studios in the Netherlands
In its first international venture, International Campus AG has partnered with Stichting DUWO for the financing and development of student housing and studios targeting young professionals in the Netherlands.
Prologis Signs Build-to-Suite Agreements in China and Mexico
Prologis Inc. recently announced the signing of two build-to-suite agreements, one in China and one in Mexico.
FWHA Transforms Historic Building Into Affordable Housing
The Fort Worth Housing Authority has reopened The Knights of Pythias Lofts, an 18-unit, mixed-income multifamily housing reconstruction development in Fort Worth, Texas, as an affordable housing option for the downtown area.
K-Twin Towers in Seoul’s CBD Acquired by New Joint Venture
Global investment firm KKR and LIM Advisors have recently announced the joint acquisition of K Twin Towers, a highly rated commercial asset located in the core of Seoul, the capital of South Korea.
Leading Markets Index Shows 56 Metros at or Above Normal Levels in June, Says NAHB
Of the approximately 350 metro markets nationwide, 56 returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index.
More Than 1,000 Companies Have Adopted Yardi Voyager 7S
n less than a year, more than 1,000 companies have adopted Yardi Voyager® 7S, the latest and most advanced version of Yardi’s property management and accounting software.