News
Economy Watch: Home Prices, Job Openings Up; Fed Chief Address Omits QE3
Home prices nationwide increased slightly on a year-over-year basis, as did job openings. Fed chair Ben Bernanke was mum on the issue of QE3 during an address to teachers.
GF Properties Gets $25M Loan for SpringHill Suites Project
GF Properties Group L.L.C. has obtained a $25.1 million loan for construction of the Marriott SpringHill Suites development in Oceanside, Calif. A team from Holiday Fenoglio Fowler L.P. consisting of managing directors Aldon Cole, Matt Kafka, and associate director Zack Holderman arranged the financing.
REIT Executives Pocketed More Cash in 2011: FTI Consulting
Total pay for executives jumped 7 percent year-over-year on average. Compensation is becoming tied more closely to performance.
Apartment Trust of America Gets $537M Recap, New Name
The recapitalization included the investors’ contribution of a 21-property portfolio encompassing 6,100 apartment units valued at $485 million. For its part, ATA handed over $187 million of partnership interests in its operation partnership.
C.A. Anderson To Lead Cambria Suites' Growth Push
Cambria Suites is already in growth mode and Anderson is tasked to bring the program to new levels. All told, 26 hotels are in various stages of development.
Hillwood-Brookfield JV Buys 1.6 MSF at Memphis Distribution Center
Hillwood Investment Properties and Brookfield Asset Management teamed up to acquire five Class A industrial buildings in Southpark Distribution Center in Memphis.
Economy Watch: Demand for Prime Mortgages, Hotel Occupancy Up
Federal Reserve study shows stronger demand for loans and more lenient underwriting; average hotel occupancy hits 75 percent for the first time in five years, according to STR.
2012 Top Property Managers
Our 2012 look at property management firms reveals that both occupancy and rents increased across the board. We predict that this trend should continue through the remainder of 2012 so long as the economy continues its slow and steady recovery.
Economy Watch Weekly: Treading Water
CPE‘s economic analyst, Dees Stribling, gives his update for the week ending Aug. 3.
Nevada Approves Tax Abatements for Apple's $1B Commitment
The road has been paved for Apple Inc. to get some big tax breaks in exchange for an even bigger commitment to Reno, Nev.
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