News
(Mostly) Durable Strength
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
New York City Spotlight: Leading the Market
(top 10 commercial transactions in fourth quarter 2013)
Morning Commute
(U.S. designated market areas ranked by 2013 average travel time to work in minutes)
AvalonBay Sells 268-Unit Apartment Community in Danbury, Conn., for $53M
Fifteen years after developing Avalon Valley, a 268-unit apartment property in Danbury, Conn., AvalonBay Communities has sold the asset to Ergs Konover/Outlook Holdings for $53 million.
Harrison Street Awards C&W 1.5 MSF, $500M Med Office Portfolio
Harrison Street Real Estate Capital has chosen Cushman & Wakefield as the exclusive property management contract for its $500 million¸1.5 million-square-foot medical office portfolio.
LaSalle Picks Up London Student Housing for $70M
Leading global real estate investment manager LaSalle Investment Management has bought a Victoria Hall student housing property located in Wembley, paying $70 million – a net initial yield of 6.57 percent.