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LONDON - UK Residential investment yields are slowly but steadily moving down according to research from FPD Savills. The current gross yield from UK residential property stands at 9.1% compared to 11.5% five years ago.
NEW YORK CITY-New kitchens and bathrooms, grounds renovations and new playgrounds are on deck for several of the New York City Housing Authority's apartment complexes in Brooklyn and the Bronx.
SAN DIEGO-The area remains among the nation's hottest for office and multifamily leasing, according to a report by the National Association of Realtors.
SEATTLE-In the last decade, the cost to operate a multifamily housing complex has risen from an average of $2,384/unit to and average of $3,620/unit, according to the latest edition of The Apartment Advisor from Dupre + Scott.
BLOOMFIELD HILLS, MI-The improved earnings come in a quarter that saw mall tenant sales per square foot increase by 2.3%. The company continues its share repurchase program by acquiring 1 million in common shares.
MINNEAPOLIS-Non-residential contracts are down 40% to $142.4 million in March, says F.W. Dodge, compared to a year ago. The division of McGraw-Hill Cos. adds residential building contracts are down 20% to $240.2 million.
RUTHERFORD, NJ-Brokers and tenants touring the 600,000-sf Meadows Office Complex can get gifts certificates, two months' free rent, and even an expensive watch. Despite the lowest vacancies in the state, there is concern about the economy.
VERNON HILLS, IL-Computer Discount Warehouse nearly doubles the size of its showroom and warehouse facility at 200 N. Milwaukee Ave. in this north suburb of Chicago with a 245,760-sf addition.
ATLANTA-The 31-year-old, publicly traded company lets Post Apartments focus on the Downtown luxury apartment market while it develops multifamily product along Interstate 285 or north of the highway.
PHOENIX-Portland-based Randall Realty Corp., basically a multifamily developer, has edged into the industrial arena. The company has just shelled out $11 million for the 10-building Maricopa Business Park in east Phoenix.