News
Economy Watch: Home Prices Down, Indicators Up
The Federal Housing Finance Agency said that its House Price Index dropped 1.6 percent from January to February, a sharper than expected contraction. Compared with February 2010, prices for homes financed with mortgages backed by Fannie Mae or Freddie Mac, which is what the FHFA tracks, were down 5.7 percent.
Savanna Investment Wields $1B of Buying Power
The firm just completed the final closing of its second real estate private equity fund, Savanna Real Estate Fund II L.P., with approximately $550 million of total equity commitments, marking a significant premium over the $400 million target.
HFF Secures Financing for SoCal Retail Center
The loan was procured for Oceangate Commerce Center, a 182,743-square-foot grocery-anchored property in Hawthorne, Calif.
Economy Watch: Home Sales, New Loan Rules
The National Association of Realtors reported that existing home sales were up unexpectedly in March on the heels of an unexpected rise in housing starts, which was reported by the U.S. Census Bureau. So the housing market still has a few surprises up its tattered sleeves.
Puget Sound Sees Positive Signs
By Alex Girda, Associate Editor
The national market is still not looking great, but for Seattle there currently are several indications that it’s not looking that bad, either. The news this week indicates positive moves in the larger sectors of the […]
In L.A., Down is Up!
By Alex Girda, Associate Editor
Coming off the last couple of years of recession, real estate is slowly finding its way to an escalating trajectory and sometimes the centers of the sector’s revival are found in the most unpredictable places. This […]
Phoenix Rising from its Own Ashes? Maybe…
By Alex Girda, Associate Editor
When talking about exciting new real estate developments, Phoenix doesn’t come to mind. The city is currently undergoing a revision of its general development plan, but that’s the most activity the planning committees are getting at […]
Jones Lang LaSalle Tapped to Lease Midtown Office Building
There are a few holes in the tenant roster, but JLL plans to fill in the gaps at the premier 301,000-square-foot office building.
Economy Watch: Starts Up, Unemployment Down
Housing starts experienced an unexpected uptick in March, according to the U.S. Census Bureau. The annualized rate for home starts during March was 549,000, an increase of 7.2 percent from February, when starts were at a record low. The bureau revised February’s total starts upward to 512,000 from 479,000, but that was still the lowest rate since April 2009.
Dallas Construction Moves Forward Despite High Vacancies
By Georgiana Mihaila, Associate Editor
The Dallas commercial property market seems to be taking a turn as eager developers continue to unveil designs for new office towers. This might come as a surprise, given the existing vacancy rate of nearly 29 […]