Regions
Economy Watch: The Impasse Drags On
The federal government shutdown continued throughout the weekend, though the House voted unanimously on Friday to pay furloughed government workers, who number about 800,000, for the time they’re spending furloughed.
TODAY’S DEALS: Mack Urban and AECOM Announce the Land Acquisition of Six Acres for More Than $80M
Mack Urban and AECOM Capital announced the acquisition of six acres of land in downtown Los Angeles’ South Park district; three Georgia seniors housing assets trade for $30.9 million; and Greystone closes $15.9 million in Fannie Mae financing for a Maryland community.
Manhattan Residential Prices Up, Inventories Down, According to Brown Harris Stevens
The Manhattan for-sale apartment market is hotter than last year, mainly because multimillionaires are more active in the market than before.
The Residences at W Atlanta-Downtown 50 Percent Sold
The Residences at W Atlanta-Downtown reports that it has sold more than half of its available units.
Blackstone Completes Takeover of Debt-Laden European Mall Developer Multi Corporation
U.S. private equity giant Blackstone has completed the takeover of Netherlands-based Multi Corporation, an owner, manager and (re)developer of high quality shopping centers across Europe.
Wyndham Hotel Group Introduces Hawthorn Suites Brand to Dubai
The hospitality appeal of the Middle East has skyrocketed during recent years, and investors still have room to grow, with recent announcements expanding the number of major facilities present in the region.
Nadel Architects Designs Mixed-Use Community on Former Mann Theater Site
Construction work is underway on Lindbrook-Gayley, a four-story, 80,000-square-foot, $11 million mixed-use community on the one-time site of Mann Theatre in the heart of the Westwood Village enclave of Los Angeles.
Economy Watch: No Jobs Numbers for September
On Friday, the Bureau of Labor Statistics did not release its customary monthly report on the U.S. employment picture, which is one of the most closely watched economic indicators produced by the federal government.
TODAY’S DEALS: WRIT Acquires D.C. Apartment Asset for $48.2M
Washington Real Estate Investment Trust buys a 135-unit apartment community in Arlington; The Community Development Trust will obtain $125 million, the largest allocation under an inaugural federal bond program for funding affordable housing; and Beech Street Capital closes $13.6 million for a Maryland asset.
Avesta Housing’s Pearl Place II Achieves LEED Platinum Certification
Avesta Housing, with the help of Thornton Tomasetti Inc., has achieved LEED Platinum certification from the U.S. Green Building Council for its Pearl Place II community in Portland, Maine’s Bayside neighborhood.