News
Resource RE Opportunity REIT II Buys 152-Unit Apartment Community in Dallas
Four months after commencing its initial public offering of up to $1 billion in common stock, Resource Real Estate Opportunity REIT II Inc. has made its first acquisition: a 152-unit apartment property in the coveted Platinum Corridor neighborhood of Dallas.
International: Prologis Signs Build-to-Suit Agreements in China, Mexico
Prologis Inc. recently has signed two build-to-suit agreements, one in China and one in Mexico.
First-Quarter Recovery
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
TIAA-CREF Buys 132-Unit M-F Complex in Redwood City, Calif. for $83M
Township, a recently completed 132-unit luxury apartment complex in downtown Redwood City, Calif., has been sold to TIAA-CREF for $83 million.
Economy Watch: Employment Back to Pre-Recession Levels; Consumer Credit Up in April
Employment is back at an all-time high. U.S. consumer credit was up 10.4 percent in April compared with the same month in 2013.
Morgan-Olayan JV Snaps Up Mid-Atlantic M-F Portfolio
A joint venture between Morgan Properties and The Olayan Group has acquired a large multi-family portfolio in the Mid-Atlantic region. Berkshire Property Advisors sold the properties, most of them located in the Baltimore-Washington metropolitan area, for a total price of $309 million.
Loews Hotels & Resorts to Acquire 255-Room Graves 601 Hotel Wyndham Grand
Loews Hotels & Resorts recently announced that it has entered into an agreement to acquire the Graves 601 Hotel Wyndham Grand. The property will be purchased from the Graves Hospitality Corporation in a deal that is expected to close in early July.