News
French Village Apartments and Trinity Place Get New Owners
By Amalia Otet, Associate Editor
While there is still a long way to recovery, Memphis real estate seems to be on the right track. The housing industry is finally going through some favorable times right now, considering the growing number of […]
Time Warner Cable, Jetion Solar Invest in the Queen City
By Amalia Otet, Associate Editor
North Carolina has been recently designated as one of the most cost-efficient states in the country in terms of conducting business, so it’s no wonder it keeps attracting more and more investors. Charlotte, in particular, is […]
Economy Watch: Congress Still in Debt Morass, Retail Sales Inch Up but PPI Falls
Federal Reserve Chairman Ben Bernanke on Thursday used the word “calamitous” to describe the prospect of default by the United States. Retail sales were up in June a small hiccough, only 0.1 percent. And the PPI decreased 0.4 percent last month, following declines of 0.2 and 0.8 percent in May and April, respectively.
Harrison Focuses on Healthcare Facilities, Goes JV with Bickford Senior for $62M
In another sign of life for an up-and-down economy, especially in the healthcare sector, Bickford Senior Living and Harrison started a JV for six assisted-living facilities in a deal worth approximately $62 million.
Sperry Van Ness, Promus Merge San Diego Operations
The San Diego market is a small beacon of light for a national economy still mostly in the dark. Capitalizing on that opportunity, Irvine, Calif.- based Sperry Van Ness merged its local operations with Southern California firm Promus Commercial.
Howard University to Expand Housing Facilities; LEED Gold Offices for TMG
By Veronica Grecu, Associate Editor
Howard University may be forced to upgrade its housing to stay competitive in the D.C. marketplace. The university’s residence halls are currently able to accommodate less than 50 percent of its enrolled students, while competing schools […]
Marcus & Millichap Promotes Mele, Transacts Multi-Family Sales
By Georgiana Mihaila, Associate Editor
This week was a highly active one for the Tampa team of Marcus & Millichap Real Estate Investment Services. The company started by naming Michael Mele first vice president of investments, one of its highest levels […]
Inland Western, McCann Realty Acquire, Feeding Expansionist Goals
By Georgiana Mihaila, Associate Editor
The Sawyer Heights Village shopping center, located just outside the Central Business District in Houston, traded hands this week. The buyer, a joint venture of Inland Western Retail Real Estate Trust Inc. and Canada-based RioCan Real […]
49ers, Folsom Street Development Opportunities Move Forward
By Alex Girda, Associate Editor
The city of San Francisco has actively rekindled its search for an appropriate developer for a housing project in the vicinity of Transbay Terminal. The San Francisco Business Times reports that the city’s Redevelopment Agency is […]
Exclusive: Fannie, Freddie Reform Moving at Sluggish Pace
The focus in Congress for the moment might be the debt ceiling, but not too far in the background the effort to reform Fannie Mae and Freddie Mac chugs along–though not necessarily at a rapid pace.