Regions
Economy Watch: Fed Still Mum About Stimulus
The Fed’s annual symposium at Jackson Hole, Wyo., is later this week, and Fed chairman Ben Bernanke will speak at the event on Friday, which has set off the latest round of speculation about whether the central bank will try to stimulate the economy once again.
Joint Merger to Produce Transit-Oriented Multifamily, Commercial and Single-Family Community
Jackson-Shaw has started construction of Brickyard Station. This transit-oriented property will include 433 residential units, which are being developed by JLB Partners. Additionally, Ryland Homes is building 400 single-family homes and townhouses in the community.
Ground Broken For Suburban Boston Apartments
Work has started on the Alta Legacy Farms, a 240-unit apartment development in Middlesex County, Mass., west of Boston.
First Phase of Lake Highlands Town Center in Dallas Breaks Ground
A 200-unit mixed-use multifamily development is under construction in the first phase of Lake Highlands Town Center in Dallas.
First Purpose Built Student Housing Development Launches in Brighton, UK
With the student housing market on an upswing across the South of England, due to both international and domestic students, as well investors, Property Frontiers Ltd. has announced the launch of the first purpose built student housing investment in Brighton, UK.
Economy Watch: Displaced Workers Lose Ground, Even After Finding New Jobs
The Bureau of Labor Statistics reported in its biennial Displaced Workers Summary, which tracks workers who lost jobs that they held for more than three years, that 6.1 million workers were displaced from such long-held positions during the period from January 2009 through December 2011.
TODAY'S DEALS: SL Green to Develop Manhattan Dorm Tower
SL Green led JV to build a dorm in Manhattan; Beech Street Capital provides $33 million in Fannie loans to two Baltimore-area assets; and Colliers International represents the buyers and sellers in the $7.7 million sale of an apartment property in San Diego.
Wood Partners Begins New Development in Seattle
Wood Partners is set to begin construction on a high-rise apartment community in Seattle. The community will be located at 225 Cedar Street on the southwest corner of Cedar and Third Avenue.
Capital Group Adding Luxury Residential Units, Class-A Office Space and a 5-Star Delano Hotel to Moscow City
A new skyscraper is rising at the Moscow International Business Center, also known as Moscow City, in the Russian capital.
Denver’s TOD Fund Helps Finance New Affordable Housing
The Evans Light Rail Station on Denver’s south side is the site of a new affordable housing community being developed by Denver-based Urban Land Conservancy and Medici Communities.