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HUD Allocates $37M for Disaster Recovery Aid; Corner Bakery Café Makes Debut
The U.S. Department of Housing and Urban Development recently announced that it has allocated nearly $37 million in disaster recovery aid to the City of Moore and to the State of Oklahoma. The funds aim to help local communities recover from the devastating wave of storms, including the powerful tornado that struck Moore on May 20th.
Trading Students for Tenants
As schools across the nation close due to dwindling enrollment and shrinking population, school boards are learning to better market them to potential developers in hope of breathing new life into old edifices.
Shopper’s Paradise
(top 20 CBSAs by number of large shopping centers) Read the full report “The State of the Shopping Center”
Positive Ground
(spread between IPD all-property local yield and 10-year national bond yield, year-end 2012)
Fitch: Hotels, M-F Leading CMBS NOI Growth
Fitch Ratings released a report revealing that NOI for multi-family properties continues to be stable, while hotels continue to recover, however, some regional hotel weakness my continue as the economy recovers.
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