Regions
Economy Watch: World Economic Forum Cites Income Disparity as Top Risk
The World Economic Forum, best known for its annual meeting of the world’s economic panjandrums – which begins on Wednesday at Davos, Switzerland – also generates reports, the latest of which was released in time for the high-level conference: “Global Risks 2014.” The report analyses 31 global risks grouped under five categories – economic, environmental, geopolitical, societal, and technological – and measured in terms of their likelihood and potential impact.
‘Economy Watch’ Podcast with Dees Stribling: Better U.S., World Growth is Predicted for 2014
MHN’s economic analyst, Dees Stribling, gives his update for the week ending Jan. 17.
Monarch Buys Kansas City Apartments from Equus for $21M
Madison Walnut Creek, a 350-unit apartment complex in Kansas City, has traded hands for $21 million. Denver-based Monarch Investment and Management Group bought the property from Philadelphia-based Equus Capital Partners Ltd.
Economy Watch: Consumers a Bit More Grumpy in January
The Reuter’s/University of Michigan’s consumer sentiment index came in at 80.4 at mid-month January, which was a drop of 2.1 points from the end of December, though still an improvement from 75.1 at the end of November and 72.0 at mid-month November.
Humphrey’s & Partners Sees a Strong Pipeline, Increase in High-Rise Projects
In spite of all the recent construction activity, the apartment market is still supply constrained and should post another year of strong fundamentals, according to panelists on the ‘2014 Kick-Off Webinar for Apartment Development’ hosted by Humphreys & Partners Architects.
Economy Watch: Housing Starts Drop in December, Gain for ’13
The Census Bureau reported on Friday that U.S. housing starts were at an annualized rate of 999,000 units, a drop of 9.8 percent from the November rate, which was 1.107 million units.
Mack-Cali, Ironstate Break Ground on Jersey City High-rise
Mack-Cali Realty Corporation and joint venture partner Ironstate Development Company broke ground in mid-January on URL Harborside 1.
TODAY’S DEALS: Cohen Financial Arranges $9,89M+ in Fannie Mae, CMBS financing
Cohen Financial’s Dan Rosenberg secured a total of $9.894 million to refinance two multifamily properties; and Marcus & Millichap brokers a seniors housing sale for $33 million.
Balfour Beatty Joins DOE’s Better Buildings Challenge
Balfour Beatty Communities L.L.C., a multifamily development and management specialist, has opted to participate in the U.S. Department of Energy’s (DOE) and HUD’s Better Buildings Challenge