National
Economy Watch Weekly: CRE Investment to Get a Boost in 2017
Economy Editor Dees Stribling discusses the big picture: what’s going on in the real estate industry both globally and nationally, for the week ending Jan. 20, 2017.
Economy Watch: Apartment Markets Slowing Down
All four indexes in the NMHC’s quarterly survey released this month were below the break-even level of 50, indicating weaker conditions in the multifamily industry.
Economy Watch: Global CRE Investment Forecast for Growth in ’17
Global investment volumes are forecast to rise nearly $700 billion this year, with certain U.S. markets set to be especially strong, JLL reports.
Hyatt Acquires the Miraval Group
The acquisition includes an initial investment of $215 million for the Miraval brand and the resorts in Tucson and Austin.
Economy Watch: Architects See Surge in Business at End of ’16
December saw the highest monthly growth in demand for architects’ design services, according to the American Institute of Architects’ latest Architecture Billings Index.
Talonvest Lends a Hand to Self-Storage Investors
The company arranged loans adding up to $36 million for the development of new properties or the conversion of existing assets into self-storage facilities.
Rockwood Closes $1.1B Fund, Nabs Watergate Building
The multinational investor base consists of public and private pension funds, foundations, endowments, insurance companies, family offices and high-net-worth individuals.
Tier REIT Buys a Little, Sells a Little
The trust moves forward with its strategic plan by executing transactions adding up to $218 million.
Economy Watch: Inflation Edges Up, Fed Says Labor Markets Tightening
Gas prices and rents were the prime drivers of the rise in the U.S. Consumer Price Index, the Bureau of Labor Statistics reported.
Avison Young Launches Hospitality Practice with Purchase of Atlanta Hotel AG
The acquisition of Atlanta Hotel AG adds another line of business to the firm’s office, industrial, retail and multifamily divisions.
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