News
Economy Watch: Federal Deficit Still on Downward Track; Delinquent, Foreclosed Mortgages Keep Dropping, Too
The federal government ran a budget deficit of $413 billion for the first six months of fiscal year 2014 . The six-month period saw a deficit $187 billion less than the same span last year. And delinquent mortgages were down 6.3 percent in February month over month.
Brentwood Capital Partners Sells Iconic Citizen News Building in Hollywood
A historic Los Angeles office building was the object of one of the most recent real estate transactions to take place in the city. Buyer SE Edinger LLC paid a fee of $14.5 million for the Hollywood property. The property was sold by Brentwood Capital Partners, a full service real estate investment, development and management company. The two parties involved in the transaction were represented by Industry Partners and Coldwell Banker Commercial WESTMAC.
KEYW Leases Space in a New Building to Be Developed by COPT in Hanover
At the end of 2013, the Baltimore Sun named the KEYW Corporation one of Baltimore’s Top 100 Workplaces. Since then, the cyber security services provider has continued to grow and, recently, has announced its plans to expand.
110 Luxury Apartments Under Construction at 2021 Chestnut Street
By Veronica Grecu, Associate Editor The wave of residential projects that hit the vibrant Center City neighborhood of Philadelphia continues with yet another upscale development at 2021 Chestnut Street near Rittenhouse Square. In less than one week Aquinas Realty Partners is set to officially break ground on AQ Rittenhouse, a high-rise luxury apartment building designed […]
Downtown Detroit Goes Residential: City Approves First Apartment Projects in Two Decades
As predicted in a market report that Multi-Housing News Online published recently, things are looking up for Detroit’s housing market. Two new apartment projects were approved by the city’s Downtown Development Authority (DDA) which is part of the Detroit Economic Growth Corp (DEGC), marking the first residential buildings to be developed in the downtown area in more than two decades.
Plans Move Forward for Massive Newbury Market Brownfield in South Fayette
South Fayette commissioners have recently approved the site plan for the Newbury Market, a mix of retail, restaurant, office and hotel space slated to rise across 100 acres of land near the Bridgeville interchange of Interstate 79.
Wyndchase Aspen Grove Breaks Record with $83M Sale
An affiliate of Boston-based Berkshire Property Advisors has acquired Wyndchase Aspen Grove, paying $83 million, the highest price ever for one apartment community in the Metro Nashville
ARC Healthcare REIT Lists on Nasdaq
American Realty Capital Healthcare Trust announced in December 2013 that it would list on the Nasdaq, and as of today, its common stock is trading under the symbol HCT.
LaSalle Acquires San Francisco’s Hotel Vitale for $130M
LaSalle Hotel Properties has acquired Hotel Vitale, a 200-key lodging in San Francisco, for $130 million.
University of Maryland’s $115M Hotel and Conference Center Project Moves Forward
A planned hotel and conference center project at the University of Maryland could transform College Park into a top college town. Recently, this $115 million project has taken an important step towards the start of construction.