Featured
BRE Properties Buys a Little, Sells a Little in California in Three Deals Totaling $209.6M
In the largest of the three transactions, BRE snapped up the 500-unit Aqua Marina del Rey in Marina del Rey for $166 million, a figure well below replacement cost.
Economy Watch: Construction Activity Lowest in Decade
Construction spending dropped in July to an annualized rate of $805.2 billion, a 1 percent decrease from the month before, according to the U.S. Census Bureau on Wednesday.
Economy Watch: Good Housing News for a Change
The much-anticipated S&P/Case-Shiller home price index for June was released on Tuesday, indicating that prices for single-family homes in 20 major U.S. metro areas rose 4.2 percent from June 2009.
Leaguers’ 100,000 SF Headquarters Completed
One of New Jersey’s largest nonprofit community organizations has a place to call home.
Simon Property Group Closes $2.3B Prime Outlets Purchase
The price tag on the approximately 7.9 million-square-foot portfolio included Simon’s assumption of nearly $1.6 billion of existing debt and preferred stock.
Economy Watch: Consumers Spend a Little More, Save a Little Less
Consumers went on a (very) small splurge in July, according to the U.S. Department of Commerce, marked by a 0.4 percent increase in spending compared to June.
$135M Financing Deal Closes for 300 Park Avenue
The premier office tower at 300 Park Avenue in New York City did not have debt attached to it a few days ago, but it does now.
Economy Watch: Fed Chairman Promises … Something
Fed Chairman Ben Bernanke’s speech in Jackson Hole on Friday was, as usual, eagerly anticipated and then read line-by-line, word-by-word to figure out what the Fed might do next.
HFF Nails Down $32.8M in Financing for Texas Multi-Housing Community
Proceeds from the 35-year, fixed-rate loan will go toward retiring an existing construction loan as well as recapitalizing the property.
Omni to Build $250M Convention Center Headquarters Hotel in Downtown Nashville
The Omni Nashville Hotel will make its debut soon after the convention center opens its doors in 2013.