News
Economy Watch: Fed Still Mum on QE3; Regional Economic Growth Weak; Vehicle Miles Driven Up
By Dees Stribling, Contributing Editor The Fed’s annual symposium at Jackson Hole, Wyo., is later this week, and Fed chairman Ben Bernanke will speak at the event on Friday, which has set off the latest round of speculation about whether the central bank will try to stimulate the economy once again. After all, it was two years ago in the very same setting that Bernanke said that the Federal Open Market Committee “is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly.” That is, he announced that the…
Wood Partners Begins 298-Unit M-F High-Rise in Seattle
Wood Partners will begin construction of a close to 300-unit high-rise in the heart of the city’s bustling Belltown neighborhood.
Dual Trophy Towers to Rise in Moscow Mixed-Use Project
An American architectural group is designing two towers, called OKO, in Moscow’s business district. OKO will include move-in ready residential apartments. The real estate development company of this project also plans to put up The Delano Moscow hotel in the coming years.
Pebblebrook Picks Up Starwood’s W Los Angeles – Westwood for $125M
Pebblebrook Hotel Trust bought the W Los Angeles, a premier all-suite property in a bustling area of Westwood that features a meeting space, a spa, a public fitness center and a garage.
North San Antonio Welcomes New Golf, Garden Home Community
By Camelia Bulea, Associate Editor Austin-area homebuilder Jimmy Jacobs Homes has unveiled a new model home in new community the Fairways at River Crossing, in North San Antonio. During the ribbon-cutting ceremony, the developer presented a small, gated community of 45 home sites in Spring Branch. Prices for the garden homes start at $190 and […]
South Market PILOT Approved
By Eliza Theiss, Associate Editor South Market District, one of the most ambitious private-sector projects since Hurricane Katrina, took a major step forward last week. The Industrial Development Board (IDB) of New Orleans gave its unanimous, albeit preliminary, approval for a payment in lieu of taxes financing package for the first development phase of the mixed-use […]
DC-Focused, Union-Supported Fund Launches with $35M Initial Closing
A new real estate investment fund, which targets development projects in the Washington-Baltimore area, has raised its initial $35 million from institutional investors — union workers.
Economy Watch: Displaced Workers Worse Off; Home Values, Durable Goods Orders Up
Formerly unemployed workers find jobs later, but most at lower pay than previously. American home values have increased. Durable good orders have gone up, mostly due to cars and airplanes driving the increase.
State Green-Lights Queen’s Acquisition of Shuttered Ewa Facility
By Adriana Pop, Associate Editor Hawaii’s Health Planning and Development Agency has approved the sale of Hawaii Medical Center West in Ewa to Queen’s Health Systems for $73.2 million. According to the Honolulu Star-Advertiser, Queen’s Health Systems will spend $21.2 million to purchase the West Oahu hospital building and land from St. Francis Healthcare System […]
GID Kick-Starts Regent Square Project with Luxury Apartment Tower
By Georgiana Mihaila, Associate Editor GID Development Group’s 4.2 million-square-foot mixed-use Regent Square development now has a starting point, as the company has begun construction on The Sovereign high-rise apartment tower. The 290-unit luxury tower is to be set in the very heart of the Inner Loop at 3233 W. Dallas; its 21 stories will […]