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Apartments
Will this Chicago office sale lead to world’s tallest teardown?
Chicago’s real estate community is abuzz in recent days after word emerged that one of the city’s tallest skyscrapers is set to sell for about $70 million, a steep discount from the last time it changed hands, although the object of their chatter is not primarily the sale price. More tantalizing is the long-shot prospect […]
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 […]
Los Angeles apartment executives breathe sigh of relief over failure of California rent control expansion
Multifamily landlords and brokers in California are breathing a sigh of relief after residents voted against a ballot measure that would have expanded rent control in the state. Proponents of the Justice for Renters Act, or Proposition 33, said the measure would help in efforts to increase affordable housing, while opponents feared it could have […]
Texas buys largest privately owned ranch on the market in the state from billionaire
The oldest state agency in Texas has purchased two sprawling ranches in the state in separate real estate transactions with plans to build a border wall on one of them. The Texas General Land Office announced the acquisitions last week that include the largest privately owned ranch on the market in Texas: the 353,785-acre Brewster […]
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