News
NAHB Chief Economist David Crowe Discusses Job Growth
Multi-Housing News TV interviews David Crowe, chief economist of the National Association of Home Builders, at the International Builders’ Show 2011.
MRA Completes $112.5M Multi-Family Sale
The Highlands at Plaza Square is a 415-unit Class A property located in downtown New Brunswick, N.J. It was purchased by Highlands Urban Renewal L.L.C., which is controlled by Manulife Financial Corp.
Economy Watch: GDP Growth Shows Strength
U.S. gross domestic product came in at an annualized growth rate of 3.2 percent for the fourth quarter of 2010, according to the Bureau of Labor Analysis’ advance estimate. That’s a little more than the historic norm for the last 30 years (3.05 percent growth per year), but not as much as expected nor as much as desired after a recession.
JLL Hires Data Center Expert Warner
Jason Warner will be responsible for expanding the mission critical solutions department throughout the West Coast along with coordinating with the firm’s corporate solutions group and its corporate clients’ technical real estate needs.
CPE Radio: Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights into the top economic news of the week ending Jan. 28 and what to watch out for in the coming week.
ProLogis, AMB in Merger Talks
The two firms are considering a potential teaming of equals in which the two firms would combine in an all-stock, at-market transaction.
MBA Talks Real Estate Finance
The Mortgage Bankers Association shared its annual assessment of the commercial real estate industry during its recent State of the Real Estate Finance Industry media conference call, during which the association also discussed its legislative and regulatory agenda. So what’s going on in the commercial real estate finance industry? In a nutshell, uncertainty about jobs and the economy.
Economy Watch: Split Conclusion on Crisis
What caused the financial crisis of the late 2000s? History will have to decide, because the Financial Crisis Inquiry Commission couldn’t quite come to a conclusion, even with the publication of a 545-page report after months of inquiries. The panel of 10 ended up offering a Democratic view of the crisis, with two Republicans dissenting.
NewMark Merrill Snags 1.2 MSF Assignment
The firm was chosen by World Premier Investments and United American Properties to oversee four of the partners’ shopping centers in California and Illinois.
JLL Teams with Primary Capital
Jones Lang LaSalle has entered into an agreement to broaden its commercial mortgage banking business via the acquisition of Primary Capital Advisors’ commercial real estate lending and servicing group. The purchase, which includes a $2 billion loan servicing program that JLL plans to expand nationally, is expected to close this quarter.