News
Economy Watch: Retail Sales, Producer Price Index
U.S. retail sales were down in May by 0.2 percent, according to the U.S. Census Bureau, or to put a better spin on it, not down as much as economists expected. A recent poll of economists by Bloomberg had predicted that the drop would be 0.5 percent.
JV Buys Mixed-Use Project
Canyon-Johnson Urban Funds and McCaffery Interests have joined forces to acquire and reposition the Roosevelt Collection, a mixed-use project in Chicago’s South Loop submarket.
Strategic Recaps Fairmont Scottsdale
Per the agreement, a new joint venture has been created between the company and an affiliate of Walton Street Capital L.L.C., a private equity real estate investment firm.
Creekmore, Harris Join Avison Young’s Atlanta Office
Tonya Creekmore will serve as a principal, focusing on expanding the firm’s retail management and leasing platform in the U.S., while Tina Harris will work as a senior retail leasing representative.
Economy Watch: Pessimistic Economists, Jobs Council
According to an Associated Press survey of 38 economists, those economists are feeling less optimistic than they did only two months ago. Their new estimate (on average) of U.S. economic growth in 2011 is 2.6 percent, compared with the 2.9 percent that they expected in April.
Holland, Wood Partners Plan Additions to Housing Development Portfolios
By Alex Girda, Associate Editor
Seattle has been seeing a positive turn in its amount of residential development activity during the past few weeks, with a series of projects breaking ground in previously “forgotten” locations around the city. This week, reports […]
Mayo Group, Saracen Pursue Energy-Efficient Redevelopments
By Veronica Grecu, Associate Editor
The Mayo Group, which developed a new residential complex on the site of a former nursing home at 990 and 1100 VFW Parkway in West Roxbury, has recently been awarded the Energy STAR certification by the […]
Crystal Cathedral Bankruptcy Makes L.A. Real Estate Religiously Controversial
By Alex Girda
Los Angeles real estate has seen its fair share of ups and downs lately, but it is the diversity of the news generated by the sector that is its most recognizable characteristic. This past week’s share of headlines […]
Buyers, Redevelopers Stir Up Residential Market
By Georgiana Mihaila, Associate Editor
While commercial real estate news usually predominates in the Dallas area, during the past week the residential market has seen a fair amount of changes. The McCallum Crossing apartment complex in North Dallas sold to California-based […]
Harrison Street Closes Fund with $2B at Hand
Harrison Street Real Estate Capital L.L.C. has wrapped up the final closing of Harrison Street Real Estate Partners III L.P., a private equity real estate fund focusing on the education, healthcare and storage sectors of the U.S. real estate market.