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Economy Watch: Led by Multi-Family, Residential Starts Spike in November
The U.S. Census Bureau reported that housing starts increased by 9.3 percent in November. As expected, the House declined to play ball with the Senate on the payroll tax cut. And investors seem optimistic about the euro — for now.
Exclusive: Cushman's 12 Retail Predictions for '12
Cushman & Wakefield’s retail report being released tomorrow will contain both good and bad findings on the sector. U.S. retail head Matt Winn offers CPE an exclusive advance look.
HFF Arranges Funding for Boston-Area Mall, Houston Hotel
In separate transactions, Holliday Fenoglio Fowler has secured refinancing for two properties: a regional mall in suburban Boston and a boutique hotel in Houston.
Economy Watch: House Postpones Payroll Tax Cut Vote
The Senate passed the payroll tax cut and dropped the bill in the House’s lap. Homebuilder confidence is up for the third consecutive month, but it’s still anemic. And the U.K. looks like it will decline a 31 billion euro loan request.
Midtown Opportunities Acquires 22 Acres of Land in Midtown Miami
Construction activity is on the upswing in Miami, and Midtown Opportunities L.L.C. has just purchased 22 acres to play with at the 56-acre Midtown Miami development.
Vornado, Kushner JV to Recap NYC's 666 Fifth Ave.
A new co-owner steps in at 666 Fifth Ave., a 1.5 million-square-foot office tower in Manhattan, as Vornado Realty Trust establishes a joint venture with an affiliate of the Kushner Cos.
Developers Find Financing for Projects
Developers are finding ready financing for their projects, including $66 million for a D.C. multi-family, $50 million for Las Vegas retail and $70 million for a Michigan apartment complex.
Nearly $1B in Assets Backs Jamestown Fund Launch
Capitalizing on the strength of three recent trophy acquisitions, Jamestown has moved into the public phase of its new vehicle Jamestown Premier Property Fund.
SPECIAL REPORT: What Is the Multi-Housing Environment Without Fannie and Freddie?
After the SEC’s charging of 45 Fannie and Freddie execs, what is the multi-housing world going to look like in the coming years?
Economy Watch: Inflation Muted in November
The BLS reported that November’s CPI was flat, with no change since October. Ratings agencies are starting to be more vocal about European-debt concerns. On Friday, the House and Senate both approved a $1 trillion omnibus spending bill.