News
$350M to be Spent for the Transformation of Downtown Austin
By Camelia Bulea, Associate Editor
With a $1.6 million master plan, downtown Austin has great chances of changing its look with urban rail, better parks, wider sidewalks and moderately priced housing. The $350 million plan, which the City Council must first […]
Senior Housing Trust to Spend $478M for Nine Seniors Communities
Senior Housing Properties Trust has agreed to purchase nine large senior-living communities for $478 million, including $164 million of assumed mortgage debt, across six states.
Atlanta’s Englewood Retail District Sells for $82M
In a move that will bolster the Atlanta retail scene, an affiliate of North American Development Group has paid $81.7 million for the Edgewood Retail District, a regional shopping center two miles east of downtown Atlanta.
Economy Watch: U.S. Job Creation at Standstill in August, Construction Spending in the Doldrums
The Bureau of Labor Statistics reported that zero jobs were created in August, which is essentially a loss. Retailers had reasons to be cheerful for the month. But construction remains sluggish.
Hotel Market to Rise During Coming Years
By Alex Girda, Associate Editor
The city has been landing decent punches with its real estate deals and projects these past few months, but it might have missed out on a potentially rewarding trend. Bloomberg‘s recent overview of the area found […]
“Green” Homes Certified Winners in L.A.; Mobile Homes Roll to Better Times in Malibu
By Alex Girda, Associate Editor
Energy-efficient homes are in demand these days, with pressure coming not only from buyers intent on saving as much money as possible but also from the federal government. The Obama administration has been advocating sustainable living […]
UT Medical Branch Starts Work on $438M Jennie Sealy Hospital
By Georgiana Mihaila, Associate Editor
Work on a new hospital will start in Galveston no later than this fall. The $438 million project, representing a major milestone in the University of Texas Medical Branch’s recovery from Hurricane Ike, which ravaged the Gulf […]
Investors Snag Tampa Apartment Complexes
By Georgiana Mihaila, Associate Editor
Buyers are snapping up apartment complexes in Tampa as Lake Morton, Gables and Doral Oaks all see a change of owners.
The latest transaction comes from Marcus & Millichap Real Estate Investment Services, which announced the successful […]
Starwood Wraps Up $154.4M Mortgage Securitization
Starwood Property Trust has closed the first four loans of a securitization featuring a principal balance totaling $154.4 million.
Philly Is Getting Ready for New Hilton Garden Inn and Other Major Developments
By Veronica Grecu, Associate Editor
During an official event held this Tuesday Mayor Michael Nutter and city officials hinted at some major economic developments that would be announced over the next month. Though no further specific details were revealed, the Philadelphia […]