News
American Realty Capital NYC REIT Grabs 59 KSF Commercial Condo
American Realty Capital New York City REIT Inc. has just acquired the 58,800-square-foot Laurel Commercial Condominiums at 400 E 67th St. on Manhattan’s Upper East Side.
IRT Acquires Memphis, Raleigh Apartment Communities
In two separate deals, Independence Realty Trust Inc. has acquired The Walnut Hill Apartments in Memphis and Lenoxplace at Garner Station Apartments in Raleigh.
Ramco-Gershenson Plans Expansion of Newly Acquired Colorado Shopping Center
Ramco-Gershenson Properties Trust is planning to add about 100,000 square feet of retail to Front Range Village, an 810,000-square-foot shopping center in Fort Collins, Colo., it acquired this week for $128.3 million.
Economy Watch: Residential Prices, Job Openings
Trulia reported on Tuesday that asking prices nationally for residential properties rose 1 percent in August, while job openings in July reached the highest level in more than a decade. Small business optimism is also on the rise.
Economy Watch Weekly: Jobs
CPE economy writer Dees Stribling provides his summary of the week ending Sept. 4, 2014, with a focus on last month’s disappointing jobs performance.
Related Beal Launches 343 KSF Congress Square Project in Boston
Eight months after announcing its acquisition of The Block on Congress, Related Beal has launched the transformation of the 343,000-square-foot space into the mixed-use Congress Square.
Schwab Launches First Global RE Mutual Fund to Track a Fundamentally Weighted Index
Charles Schwab Investment Management Inc. will expand its index mutual fund lineup with the launch of the Schwab Fundamental Global Real Estate Index Fund, the only U.S.-based real estate fund to apply the Russell Fundamental Index Series to a broad-based, global portfolio of real estate securities.
RICS Expands Role in Brazilian Real Estate Markets
The Royal Institution of Chartered Surveyors expands its presence in Brazil, directing its attention towards construction.
Economy Watch: Consumer Debt, Homeownership and Money Woes
The Federal Reserve finds Americans borrowing more in July than June, and young renters cite money woes as the main obstacle to home buying in a new Consumer Expectations survey.
Roadside Development-Dantes Partners Team Selected to Develop 1336 Eighth St., N.W.
Interim Deputy Mayor for Planning and Economic Development M. Jeffrey Miller announced on Tuesday, September 2, that Roadside Development and Dantes Partners have been selected to develop 1336 8th St. NW, a vacant lot at the corner of 8th & O Streets. The project will continue the revitalization of the Shaw/Convention Center neighborhood.