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NEW YORK CITY—Becoming the firm's fourth public, non-traded REIT, the new instrument was created in the wake of traditional lenders cutting back on development financing.
By my count, over the course of the past 40 years there have been six major seismic shocks that put the financial markets, and then the economy into a tail spin, with the “great recession” of 2008 being the granddaddy of them all.
AUSTIN—Denver-based Amstar, on behalf of one of its public retirement system clients and in conjunction with its partner, Transwestern Development Co., has announced the sale of The 704, a class A mixed-use apartment property in Austin. The buyer and sale price were not disclosed.
CALABASAS, CA—Notwithstanding a less favorable exchange rate, international travel to most gateway US cities held up well in July, says Marcus & Millichap.
MIAMI— It's also one of a very few communities in Miami-Dade county that has been designated as LEED neighborhood thanks to its abundance of public green spaces.
SALT LAKE CITY, UTAH—Owner/manager Maier Siegel Baber of San Francisco plans to make major exterior and interior improvements to 24-story tower, to achieve class A status.
On NPR yesterday morning the resident expert said all he knows is that “stocks go up and down,” which of course is all any of us really knows. But as I have been saying for quite a while now the U.S. economy and our property markets have been living off low interest rates with this government pump priming making us look better than we deserve and much better than just about anywhere else in the…