Regions
Canadian Office Tower Gains Recognition as One of the World’s Most Dazzling Buildings
The Bow Tower in Calgary has made the Emporis list of the most spectacular 15 corporate buildings in the world.
Community HousingWorks Opens Home for Disabled Veterans and Families in Escondido
Community HousingWorks has set aside eight units for homeless veterans in its newest development, Avocado Court, a 36-unit apartment community in Escondido, Calif., that is available for families, seniors and other individuals.
Amstar Continues Turkish Retail Expansion with New 560KSF Shopping Center
Global real estate investment manager Amstar has announced the opening of yet another institutional-quality shopping center in Turkey.
MARKET SNAPSHOT: Absorption Takes Off in Miami Amidst Strong Job Growth and Limited Construction
Describing the local economic climate as a “solid recovery,” Marcus & Millichap notes that demand for apartments has been strong enough to fill 11,000 rentals over the past three years—and more absorption is expected in the near term.
Economy Watch: Construction Spending Drops
The Census Bureau reported that U.S. construction spending during March 2013 was at an annualized rate of $856.7 billion, or 1.7 percent below the revised February figure. Compared with March 2012, the current figure is still 4.8 percent higher.
Construction Completed on 173-Unit Seniors Community in Florida
Work has been completed on the initial phases of Providence Independence, a 173-unit (209-bed) senior housing property in Wildwood, Fla.
TODAY’S DEALS: Ridge Capital Joint Venture Acquires Napa Portfolio for $39.5M
Ridge Capital Investors LLC and Redwood Real Estate Partners acquire two properties south of downtown Napa, Calif.; and Greystone originates $28 million in bridge loans for two seniors communities.
CORT and Folds of Honor Foundation Launch Texting Program to Raise Money for Military Families
As part of CORT’s partnership with the Folds of Honor Foundation, the transition services company has introduced a new texting program that allows customers to make a donation for educational scholarships that benefit children and spouses of fallen or severely injured soldiers from the convenience of their mobile phones.
Aragon Holdings Buys Two Dallas-Area Properties
Aragon Holdings has announced its acquisition of two Class A apartment communities in the Dallas area.
Economy Watch: Case/Shiller Shows Strong Home Price Growth
The data on the U.S. housing market continues to be good. The S&P-Case/Shiller Home Price Indices for February, which were released on Tuesday, showed that average home prices increased 8.6 percent and 9.3 percent for the 10- and 20-city composites in the 12 months ending in February 2013.