News
Economy Watch: Serious Residential Delinquencies Still Down; Durable Goods Orders Up
Single-family serious delinquency rate dropped from 2.4 percent in January to 2.3 percent in February, lowest since February 2009. New orders for durable manufactured goods increased 2.2 percent in February month over month.
Low-Income Senior Housing Project in Downtown Indianapolis Wins $837,000 in Federal Tax Credits
A $9.6 million affordable senior housing project planned by TWG Development LLC in downtown Indianapolis has been awarded federal tax credits from the Indiana Community & Housing Development Authority.
Dermody Properties Breaks Ground on 624 KSF Facility in Northern Nevada
National industrial development firm Dermody Properties broke ground on a 624,000-square-foot warehouse and distribution building in its new LogistiCenter 395 industrial park in Reno.
Preliminary Approval Granted for $800M Casino Resort in South Korea
The Ministry of Culture, Sports and Tourism of the Republic of Korea granted pre-approval for the development of the first internationally branded integrated entertainment resort in the country.
Parallel Capital Partners Teams with Zell to Buy San Diego Office Campus for $73M
Parallel Capital Partners has added to its holdings in the San Diego area with the acquisition of a three-building Class A office complex in the Sorrento Mesa submarket for $73 million.
Economy Watch: Housing Price Appreciation Slows; New Home Sales Down
Twelve cities and the 20-city composites saw their annual rates drop compared with December, hinting at slower appreciation for many housing markets. Sales of new single-family houses in February 2014 were 3.3 percent below the revised January rate.
Construction Starts on $14.5M Orpheum Performing Arts Center
The Orpheum Centre for Performing Arts and Education has broken ground in downtown Memphis, announced parent company Memphis Development Foundation and the Greater Memphis Chamber.
AIG, Associated Estates Enter JV to Build $220M M-U Development in San Francisco
AIG Global Real Estate and Associated Estates Realty Corp. have entered into a 50:50 joint venture partnership to build a 3.4-acre site at Eighth and Harrison streets in San Francisco.
Economy Watch Weekly: Housing Starts, Home Sales Stagnate; Fed Cuts More Bond-Buying
CPE’s economic analyst, Dees Stribling, gives his update for the week ending March 21.
Fitch: Simon Property Launch of Simon Venture Group A Positive Move
Simon Property Group’s introduction of Simon Venture Group, a new business that will invest in technology companies targeting retail innovation with the goal of heightening the shopping experience, is a step in the right direction, according to Fitch Ratings.
You must be logged in to post a comment.