Regions
Jabal Omar Development Co. to Open 10 Hotel Towers Next Year in Mecca
Jabal Omar Development Co. has announced plans to open 10 hotel towers in Mecca next year as part of a 2.2 million-square-meter (24 million-square-foot) development project.
MARKET SNAPSHOT: Rents at Record Highs in Nashville; No New Completions in First Quarter
Multifamily in Nashville is witnessing record-breaking conditions that rival what was seen even before the financial crisis.
Economy Watch: Homebuilders Even More Optimistic
The National Association of Home Builders reported on Wednesday that its Housing Market Index increased 2 points in August to 37.
Apartment REIT Recapitalizes, Renames Itself
In a complex deal involving a number of investors, Apartment Trust of America Inc. has recapitalized itself, acquired a large new portfolio and changed its name.
TODAY'S DEALS: Archstone Partnership Acquires Boston-area Asset for $94.3M
Archstone buys a Boston-area apartment; National Health Investors completes a $25.2 million purchase of a senior living campus; and Greystone provides a $21 million refinancing for an affordable housing asset in Connecticut.
Economy Watch: Retail Sales See Unexpected Spike
Consumers unexpectedly went shopping with more brio than expected in July, according to the U.S. Census Bureau on Tuesday.
TODAY'S DEALS: USAA Real Estate Co., Cambridge JV Breaks Ground in San Antonio
A joint venture breaks ground on the first phase of a mixed-use development; Beech Street Capital closes $371M in Freddie Mac CME loans as 10 Baltimore assets are recapitalized; and a three-property LIHTC portfolio sells for $31,741 per unit.
Inland American Communities Group Completes Construction on Fully Leased Student Housing
Inland American Communities Group has completed construction of the University House student residential community at the University of Central Florida.
MIG Real Estate Acquires Three Multifamily Communities in Colorado
MIG Real Estate expanded its Colorado portfolio with the purchase of two multifamily properties in the Lakewood submarket of Denver and another in Golden, Colo.
Two Bronx Apartment Buildings Up for Grabs
DelShah Capital is putting two affordable housing properties in the Bronx on the market in a move that it says is part of refocusing its business.