News
Economy Watch: Durable Goods Another Plus for Economy; Initial Unemployment Claims Rise
Durable goods orders were up 2.6 percent for the month of March. Initial unemployment claims for the week ending April 19 increased by 24,000 compared to the previous week.
CrowdVested Launches First Southeast Crowdfunding Campaign for Retail Project in Atlanta
CrowdVested together with Paces Properties is offering the first equity crowdfunding in the Southeast open to both accredited and non-accredited investors.
Swire Hotels to Debut in U.S. at $1.5B M-U Development in Downtown Miami
Hong Kong-based Swire Hotels will make its entrée into the U.S. with the opening of EAST, Miami at Brickell City Centre.
International: Brookfield Multiplex Builds $111M M-F Tower in Australia
Brookfield Multiplex has secured the building contract for a $111 million residential high-rise in Surfers Paradise, Australia, which is being developed by Ho Bee Land Ltd.
European Retailer Primark Signs First U.S. Lease in Boston
Dublin-based budget fashion retailer Primark has signed a long-term lease for four floors in the eight-story Burnham Building, part of the Millennium Tower development in downtown Boston.
Economy Watch: New Homes Sales Dip Unexpectedly; Architectural Billings Drop
Sales of new single-family housing dropped by 14.5 percent in March month over month. The Architecture Billings Index also turned negative in March, dropping 1.9 percent month over month.
Tighter Markets, Rising Rents: 2014 Retail Outlook
Signs are pointing to strengthening retail markets around the country. Even locations with relatively high vacancy are expected tighten this year, according to projections from Marcus & Millichap Real Estate Investment Services Inc. To see estimated vacancy, asking rents and construction completions for more than 40 major markets, download Marcus & Millichap’s 2014 National Retail Report and turn to the table on page 32. In addition to these 2014 projections, the 64-page report includes detailed updates on the factors shaping investment prospects in each of those markets. To access the proprietary information in the 2014 National Retail Report, log in…
Skilled Nursing Facility, Condos and Multifamily Complex Attract Buyers
The San Diego metro area is seeing a number of real estate deals take place as investors are snapping up a wide variety of properties. An Oceanside condominium building, a North Park multifamily building and an El Cajon nursing facility traded hands recently in two separate deals worth $14.2 million, $1.8 million and $7.5 million, respectively.
Revived Master Plan Would Bring 15,000 New Homes to North Las Vegas
One of the largest residential projects in the entire state of Nevada has found new life as developers have expressed the intention of breaking ground on a master-planned community in North Las Vegas.
Marquette Cos. to Break Ground on 364-Unit M-F Project in Downtown Houston
Naperville, Ill.-based The Marquette Companies plans to break ground on Block 52, a 364-unit apartment building in downtown Houston.