Regions
The Rezidor Hotel Group Announces Signing of Four New Hotel Projects and Opening of Five New Hotels in Q4-2012
The Rezidor Hotel Group has recently announced that the final quarter of 2012 was a successful one, as the Belgium-based group signed four new hotels with over 1,200 rooms and opened five new hotels with 1,100 rooms.
MNS Reports Predict 2013 Rent Growth in Manhattan, Brooklyn
Rent growth will continue in both Manhattan and Brooklyn in 2013. That is among findings included in the Year End Manhattan and Brooklyn Rental Reports from real estate brokerage MNS, released in mid-January.
Raymond James Announces Leadership Changes in Tax Credit Funds Business
Raymond James announced today that Executive Vice President and Director of Investments Steve Kropf was appointed president of Raymond James Tax Credit Funds (RJTCF) effective Jan. 1.
Economy Watch: Initial Jobless Claims Lower Than Expected
Initial unemployment claims were down for the week ending Jan. 19 to 333,000, a decrease of 5,000 from the previous week, according to the U.S. Department of Labor,
New High-Tech Dry Cleaning Amenity is Unveiled to Apartment Market in Detroit
In keeping with the innovative nature of previous ventures, nationally recognized dry cleaning entrepreneur Wayne Wudyka recently unveiled his new “bizzie” at an event at the Farbman Group’s Lofts @ Woodward Center in downtown Detroit, Mich.
TODAY’S DEALS: Mack-Cali Buys Two Luxury Properties in Boston MSA
Mack-Cali buys two luxury assets for $150 million; Johnson Capital arranges record loan value per unit of $525,000 per unit; and Marcus & Millichap sells a Delaware property for $5.8 million.
MARKET SNAPSHOT: Demand Remains Strong in Brooklyn, Keeping Asking Rents Elevated
As the New York metro area continues to experience a period of strong multifamily expansion, the high demand and shrinking vacancies are stretching far beyond the high-rises and walk-ups of Manhattan.
Matteson Acquires Washington Apartment Community
The Langara, a 134-unit rental property outside Seattle, has been acquired by The Matteson Companies. Matteson purchased the property from Polygon for $28.2 million, in a transaction announced in mid-January.
Economy Watch: Multifamily Expansion Slows
According to NMHC, for the first time since 2010, two of the four indexes—market tightness (coming in at 45) and sales volume (which was 49)—dipped below 50, though just barely
TODAY’S DEALS: TDI Real Estate Lands $61.6M for a Scottsdale Development
HFF lands $61.1 million for TDI’s Scottsdale development; Hayley Real Estate buys four properties for $51.2 million, initiates a $12.4 million capital improvement plan; and Marcus & Millichap arranges a $57 million sale in value-add opportunities.