Regions
Economy Poised for a Stronger Second Half of 2013
The ongoing housing recovery coupled with improvement in both consumer confidence and the labor market are expected to boost economic growth in the second half of the year, according to Fannie Mae’s Economic & Strategic Research Group.
TODAY’S DEALS: Harbor Group Sells 430-Unit Asset in Virginia Beach
ARA brokers a 430-unit sale; and Marcus & Millichap Capital Corp. arranges a $8.4 million refinancing for a mid-rise in Los Angeles.
112 NJAA Members and Guests Hit the Greens for Fun and Charity
112 New Jersey Apartment Association members braved record breaking heat and humidity to attend the NJAA Charitable Fund’s (Charitable Fund) annual golf tournament at Fiddlers Elbow Country Club in Bedminster to benefit its Charitable Fund’s Scholarship Program and Annual Children’s Holiday Party.
Sales Underway at The Leonard in Northeast Tribeca
Sales have begun at The Leonard, a boutique condominium in a 109-year-old neoclassical building in New York City’s Tribeca.
Economy Watch: Unemployment Rates Edge Up in Many States
The Bureau of Labor Statistics reported that 28 states experienced unemployment rate upticks in June: 11 states had decreases, and 11 states and the District of Columbia saw no change.
Arts-Oriented Seniors Housing Completed in Long Beach
Long Beach Senior Arts Colony, a development of Meta Housing Corp., has been completed. The property is a new-construction TOD with 200 units designed to provide affordable housing for seniors.
Taconic Investment Partners Announces Sales of Tribeca Condos
Taconic Investment Partners announced that The Sterling Mason, a new condominium building in Tribeca in Manhattan, is pre-selling its units.
TODAY’S DEALS: Passco Completes $28M Buy in Durham
Passco Companies buys a 280-unit asset; Centerline provides a $113.7 million refinance for a Northern California portfolio; and Walker & Dunlop closes loans for properties in the Mid-Atlantic.
Hoboken’s Park Place Captures Smart Growth Gold Award
Park Place, a 212-unit mixed-use development currently under construction in Hoboken, N.J., has been awarded a 2013 Smart Growth Gold Award, bestowed by the Hudson County Planning Board.
Massive Italian Resort Project Moves Along as Redevelopment Initiative Packs Punch
One of the most ambitious and audacious hospitality projects in recent years sparked up back in 2007 when German tourist brand TUI AG purchased a struggling settlement in the Italian region of Tuscany with the clear intention of turning it into a new type of attraction.