Regions
Economy Watch: E-Commerce Retail Continues to Expand
The Census Bureau reported that U.S. e-commerce retail sales for the first quarter of 2014, adjusted for seasonal variation, but not for price changes, was $71.2 billion, an increase of 2.8 percent compared with the fourth quarter of 2013.
Seagate Buys Denver Apartment Tower for $20M
Seagate Properties has acquired the 107-unit Wellshire, an apartment property at 2499 S. Colorado Blvd. in the University Park neighborhood in Denver from Pathfinder Partners for $20.7 million.
TODAY’S DEALS: Hamilton Zanze Sells 292-Units in Colorado Springs
ARA brokers a $40.5 million sale in Colorado; HFF arranges construction financing and joint venture equity for a mixed-use office and residential development in Houston; and Walker & Dunlop provides a three-year, cash-out, bridge loan for an assisted living facility.
Carnegie and Creation Baumann Celebrate 40 Year Partnership
Textile manufacturer Carnegie and Swiss textile innovator Creation Baumann celebrate 40 years of design excellence.
Bellwether Enterprise Expands East Coast Presence with New Hire and New Office in Boston
Bellwether Enterprise Real Estate Capital, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, announced the hiring of Paul E. Donahue as senior vice president.
Johnson-Crapo Housing Finance Reform Legislation Advances
The National Multifamily Housing Council and National Apartment Association have issued a joint statement from NMHC senior vice president of government affairs Cindy Chetti, hailing the Senate Banking Committee’s passage of housing finance reform legislation.
Selling Condo Hotels
New SEC regulations facilitate the sale of condominium hotel units.
Economy Watch: Housing Starts Gain Ground in April
The Census Bureau reported that private housing starts came in at an annualized rate of 1.072 million units in April, a sizable 13.2 percent upswing from March, when starts were an annualized 947,000 units.
ACH Plans Student Housing Property in Waco
Asset Campus Housing has unveiled plans for the Domain at Waco, an off-campus student housing property. The development will be a 186-unit property with 564 beds.
IAC Breaks Ground on Mixed-Use Student Housing Project in Midtown Atlanta
Dallas-based student housing developer and manager Inland American Communities Group has broken ground on a 706-bed mixed-use community adjacent to the northeastern edge of the Georgia Institute of Technology campus in Midtown Atlanta.