Regions
Economy Watch: March Job Growth Sputters
The U.S. economy created only 88,000 jobs in March, which was a drop from February.
Deutsche Asset & Wealth Management Forms Energy-Efficient Property Investment Team
Deutsche Asset & Wealth Management announced that its real estate investment business (formerly RREEF Real Estate) has formed a new investment team focused on retrofits of physical buildings and related energy efficiency opportunities.
TODAY’S DEALS: UOB Eagle Rock Buys Historic Connecticut Community
IPA brokers the sale of a 597-unit historic community; DPG Investments arranges a $3.8 million senior bridge loan for a Utah acquisition; and HFF arranges $44 million in construction financing and joint venture equity for a student housing community.
Investor Buys Distressed Tucson Multifamily Property
Variant Commercial Real Estate has acquired Pebble Creek, an apartment community in Tucson, Ariz. The purchase was made through a successful involuntary bankruptcy plan.
MassHousing Announces Five Appointments to Senior Management Positions
MassHousing Executive Director Thomas R. Gleason announced the appointments today of five individuals to senior management positions.
Brookfield Multiplex Tops Out $365M University of Sydney Research Facility
Brookfield Multiplex, the leading global contractor with completed works worth over AUD$51 billion, has announced topping out University of Sydney’s newest structure at its expanding New South Wales campus.
Interserve Signs Joint Venture Deal with Tiger Developments to Build $300 Million Mixed-Use Project in Edinburgh
Britain’s Interserve Plc has signed a joint venture deal with Scottish landowner Tiger Developments to construct and invest in the Haymarket area of Edinburgh.
MARKET SNAPSHOT: Construction Soars in Minneapolis as Employment and Occupancy Keep Pressure on Rents
The Twin Cities MSA is continuing to see exceptionally low vacancies, as strong employment growth and renter demand squeezes the supply of existing inventory.
Behringer Harvard Begins Construction on Houston Luxury Multifamily Community
Behringer Harvard has started construction on The Muse Museum District, a planned luxury multifamily community with 270 apartments in Houston.
Economy Watch: Apartment Market Continues to Tighten
Apartment vacancies nationwide continued to shrink in the first quarter of 2013, according to a report by Reis Inc.