News
Economy Watch: Home Price Appreciation, Trade Deficit, Oil & Gas Prices
Home prices nationwide increased 5.6 percent in September compared to the same month last year. Total September exports resulted in a goods and services deficit of $43 billion, up from $40 billion in August. The price of oil dropped briefly to its lowest level in four years.
Main Street Apartment Partners Propose 144-Space Parking Lot Adjacent to Hotel Chisca
Main Street Apartment Partners, LLC, the developers behind the Hotel Chisca project, will present on the 5th of November a proposal for the development of a parking lot to the Downtown Memphis Commission. If approved, the parking lot will occupy a currently vacant lot, just east of the Hotel Chisca. The site is bounded by Dr. M. L. King Jr. Avenue to the north; Second Street to the east; Pontotoc Avenue to the south; and Mulberry Street to the west.
Crescent Announces Sale of 2 Charlotte Apt. Communities Under Construction
Crescent Communities will be selling two Charlotte properties as part of a portfolio valued at close to $700 million.
Economy Watch Weekly: QE3 is Over, GDP is Up
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended Oct. 31.
Net-Lease Risks that Lenders Consider: Interview with Gary Mozer
Net-lease investments are often compared to having the security and cash flow of a bond investment, but a lender sees greater risks.
Village Green to Transform Historic Cincinnati Office Building into M-U Property
Luxury apartment owner Village Green has acquired the historic office building at 309 Vine St. in Cincinnati, with plans of redeveloping the 300,000-square-foot property into a mixed-use apartment destination.
Omega Healthcare, Aviv REIT to Merge in $3B Deal
Omega Healthcare Investors Inc. is about to become the largest owner of skilled nursing facilities in the country, and by a wide margin.
Ivanhoé Cambridge Buys Interest in 2 Landmark Office Properties in Denver
Ivanhoé Cambridge has acquired a 40 percent interest in a portfolio of properties, which includes the U.S. Bank Tower, the Tabor Center and the adjacent Two Tabor development site, all located in downtown Denver.
RCS’s Withdrawal from Cole Purchase: Latest Fallout from ARCP’s Accounting Woes
The brevity of yesterday’s press release by RCS Capital, announcing it was canceling its planned acquisition of Cole Capital Partners and Cole Capital Advisors from RCS’ sibling company ARCP, was in stark contrast to the announcement’s impact.
Economy Watch: Construction Spending, Bank Standards
Construction spending during September 2014 dropped 0.4 percent compared with August. Only a “modest fraction” of banks eased their standards for commercial and industrial loans to firms of all sizes.