Regions
Economy Watch: Employment Gains Ground in September
The Bureau of Labor Statistics reported in its household survey that the number of people who count as employed increased by 873,000 in September, the largest such monthly increase in almost 30 years.
Stirling Properties Buys Baton Rouge Student Housing
Stirling Properties Inc. has acquired Tiger Manor, a 287-unit student housing property near Louisiana State University in Baton Rouge, La.
TODAY’S DEALS: Archstone Buys 70-Unit Asset in Venice, Calif.
Archstone completes a California purchase; Behringer Harvard and Trammell Crow announce a Houston development; and NorthMarq Capital arranges $31.3 million in Freddie Mac refinances for two properties.
Marriott Extended Stay Property Opens Next Door of the Forbidden City in Beijing
Marriott International announced the opening of The Imperial Mansion, Beijing – Marriott Executive Apartments, its fifth extended stay property in China.
Chestnut Hill Realty Adds Amenities, New Units at Norwood Gardens
A newly completed Resident Activity Center including an Internet café and fitness facility has come to Norwood Gardens, a 344-unit apartment community in Norwood, Mass.
Economy Watch: Employment Continues Tepid Growth
The U.S. economy created 114,000 jobs in September, according to Bureau of Labor Statistics on Friday.
Arabtec Construction LLC Signs Contract to Build Europe’s Tallest Office Tower for Gazprom
In the Primorsky district of Saint Petersburg, Russia, the tallest office tower in Europe is set to be built as part of the Lakhta Center, a gigantic 3.5 million-square-foot mixed-use master-planned development.
DoubleTree by Hilton Opens Second Location in Romania
International hotel brand DoubleTree by Hilton has announced the opening of DoubleTree by Hilton Oradea, the second location of the brand in the Eastern-European country of Romania.
TODAY’S DEALS: Bozzuto Begins a Mixed-Use Project in D.C.
The Bozzuto Group breaks ground in D.C.; The Bascom Group completes its fourth Denver acquisition in 2012; and Pearlmark Real Estate closes a $7.9M mezzanine loan for new construction in Atlanta.
NorCal Seniors Housing Property Sells
Oakmont Gardens, a 163-unit independent living and assisted living property in Santa Rosa, north of San Francisco Bay, has traded hands for an undisclosed price.