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Archive for December 4th, 2024
Home sales jump in October to mark first annual increase in more than three years
In a promising sign for the housing market, sales of existing single-family homes and condos rose nearly 3% higher than a year ago last October, marking the first annual increase in more than three years. Sales during the month also climbed 3.4% from September. That rise, combined with a growing inventory of properties for sale, […]
AvalonBay launches its first dedicated build-to-rent business to capture growing demand
On the south side of the 12th fairway at the Falconhead Golf Club just 14 miles outside Austin, Texas, terra-cotta roofs from opposing rows of newly built single-family townhouses stretch out along Ryder Gray Drive. The quiet street is ground zero in a demand shift in the U.S. rental provider industry. The development, opened in […]
Blackstone to buy Jersey Mike’s, the latest private-equity takeover of a US restaurant chain
Blackstone still has a hearty appetite for investing in restaurant chains as it looks to buy a majority stake in Jersey Mike’s Subs for a reported $8 billion — marking the latest deal by a private-equity firm aiming to supercharge a growing company’s brick-and-mortar expansion. New York-based giant Blackstone said it reached an agreement for […]