News
Economy Watch: Government Takes Another Crack at Mortgage Woes
The Federal Housing Administration has unveiled another government effort aimed at dealing with the aftereffects of the housing bubble.
Xebec Plans 350,000 SF Distribution Facility on Southern California Land
Dan Vittone, Al Pekarcik and Nick Frasco of Voit Real Estate Services’ Irvine office, along with Paul Earnhart and Steve Haston of Lee & Associates, represented both buyer and seller.
Kennedy Wilson and Partner Purchase 400-Unit Suburban L.A. Multi-Family Property for $81.5M
The real estate investment company joined forces with RECP/Urban Partners and Capri Capital Partners L.L.C., which acted on behalf of Capri Urban Investors L.L.C., to purchase the property from California Urban Investment Partners for $81.5 million.
Tennessee Town to Play Home to New $120M Whirlpool Manufacturing Facility
The international home appliances manufacturer and marketer, which presently has a century-old facility in Cleveland, looked around before deciding to rebuild in the city instead of constructing in a new locale.
Economy Watch: Pending Home Sales Surprise With Uptick
The National Association of Realtors said on Thursday that its pending home sales index increased in July to 79.4, a rise of 5.2 percent.
BRE Properties Buys a Little, Sells a Little in California in Three Deals Totaling $209.6M
In the largest of the three transactions, BRE snapped up the 500-unit Aqua Marina del Rey in Marina del Rey for $166 million, a figure well below replacement cost.
Hoffman Spreads its Wings Northward
Hoffman has hired land acquisition specialist David Capel and partner Cameron Fowler to manage residential land deals in Sacramento, the San Francisco Bay Area, the Central Valley and along the Central Coast.
Merritt Properties Closes 36-Acre Land Purchase for Office Park Near Baltimore-Area Army Base
Preparing to answer growing demand induced by the federal government’s Base Realignment and Closure process, Merritt Properties wraps up the acquisition of a nearly 36-acre site for the development of a 265,900-square-foot office park in Aberdeen, Maryland.
Economy Watch: Construction Activity Lowest in Decade
Construction spending dropped in July to an annualized rate of $805.2 billion, a 1 percent decrease from the month before, according to the U.S. Census Bureau on Wednesday.
Century 21 Department Store Takes 61,000 SF in Old Barnes & Noble Location
Century 21 plans to take possession of the space, which is across from Lincoln Center, in February 2011.