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BRE Properties Buys a Little, Sells a Little in California in Three Deals Totaling $209.6

BRE Properties Buys a Little, Sells a Little in California in Three Deals Totaling $209.6

In the largest of the three transactions, BRE snapped up the 500-unit Aqua Marina del Rey (pictured) in Marina del Rey for $166 million, a figure well below replacement cost.

Economy Watch: Construction Activity Lowest in Decade

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.

Economy Watch: Good Housing News for a Change

Economy Watch: Good Housing News for a Change

The much-anticipated S&P/Case-Shiller home price index for June was released on Tuesday, indicating that prices for single-family homes in 20 major U.S. metro areas rose 4.2 percent from June 2009.

Leaguers’ 100,000 SF Headquarters Completed

Leaguers’ 100,000 SF Headquarters Completed

One of New Jersey’s largest nonprofit community organizations has a place to call home.

Simon Property Group Closes $2.3B Prime Outlets Purchase

Simon Property Group Closes $2.3B Prime Outlets Purchase

The price tag on the approximately 7.9 million-square-foot portfolio included Simon’s assumption of nearly $1.6 billion of existing debt and preferred stock.

Economy Watch: Consumers Spend a Little More, Save a Little Less

Economy Watch: Consumers Spend a Little More, Save a Little Less

Consumers went on a (very) small splurge in July, according to the U.S. Department of Commerce, marked by a 0.4 percent increase in spending compared to June.

$135M Financing Deal Closes for 300 Park Avenue

$135M Financing Deal Closes for 300 Park Avenue

The premier office tower at 300 Park Avenue in New York City did not have debt attached to it a few days ago, but it does now.

Economy Watch: Fed Chairman Promises … Something

Economy Watch: Fed Chairman Promises … Something

Fed Chairman Ben Bernanke’s speech in Jackson Hole on Friday was, as usual, eagerly anticipated and then read line-by-line, word-by-word to figure out what the Fed might do next.

HFF Nails Down $32.8M in Financing for Texas Multi-Housing Community

HFF Nails Down $32.8M in Financing for Texas Multi-Housing Community

Proceeds from the 35-year, fixed-rate loan will go toward retiring an existing construction loan as well as recapitalizing the property.

Omni to Build $250M Convention Center Headquarters Hotel in Downtown Nashville

Omni to Build $250M Convention Center Headquarters Hotel in Downtown Nashville

The Omni Nashville Hotel will make its debut soon after the convention center opens its doors in 2013.

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