Ivanhoé Cambridge and its partner Callahan Capital Properties announced that they have closed on the acquisition of 125 South Wacker Drive in downtown Chicago, for approximately US$145 million. Arthur Lloyd, President, Office, North America, Ivanhoé Cambridge said, “125 South Wacker Drive is an excellent complement to our Chicago office portfolio, composed of premier properties located …
Tag Archives: property news USA
Care Capital Properties to acquire portfolio of six behavioural health hospitals for $400 million
Care Capital Properties, Inc., a company with a diversified portfolio of triple‐net leased healthcare properties focused on the post‐acute sector, announced that it has entered into a definitive agreement to acquire six behavioral health hospitals in a sale‐leaseback transaction for $400 million and to fund up to $50 million in capital expenditures to finance expansion …
NAIOP: U.S. commercial real estate development supports 6 million jobs, contributes $861 billion to the economy
Development, construction and ongoing operations of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels, supporting 6.25 million American jobs and contributing $861 billion to U.S. GDP in 2016. The annual study “Economic Impacts of Commercial Real Estate,” published …
Fitch: U.S. bank loan growth outpaces GDP post-crisis , especially in commercial real estate sector
U.S. bank loan growth has outpaced GDP growth since 2011, according to a new dashboard from Fitch Ratings. “Loan growth has followed the pattern of a historical lag after a recession and while growth has not returned to pre-crisis peaks, it has posted above-average growth for the last two years, compared to overall loan growth …
U.S new home sales up in January
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for January 2017: January 2017 new home sales 555,000 (SAAR), up 3.7% from Dec 2016 and up 5.5% from Jan 2016. Sales of new single-family houses in January 2017 were at a seasonally adjusted …
Freddie Mac : Continued uncertainty causes mortgage rates to hold
Freddie Mac has released the results of its Primary Mortgage Market Survey, showing average 30-year mortgage rates changing by two basis points or less for the fourth consecutive week. 30-year fixed-rate mortgage (FRM) averaged 4.16 percent with an average 0.5 point for the week ending Feb. 23, 2017, up from last week when it averaged 4.15 …
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30-year fixed mortgage falls two basis points to 4.17 percent this week in the U.S
Freddie Mac has released the results of its Primary Mortgage Market Survey, showing average mortgage rates staying within a two basis point range for the third straight week. 30-year fixed-rate mortgage (FRM) averaged 4.17 percent with an average 0.4 point for the week ending Feb. 9, 2017, down from last week when it averaged 4.19 …
KPMG : Majority of real estate industry leaders to increase their U.S. investments in 2017
A majority of real estate industry leaders polled plan to increase their U.S. investments this year, as they expect continued growth in the U.S. real estate market in 2017 and beyond, according to KPMG’s 2017 Real Estate Industry Outlook Survey. Fifty-two percent of real estate executives polled believe that improving real estate fundamentals in 2017 …
American interest in Canadian real estate surges after Donald Trump’s victory , says Royal LePage
According to data released today by Royal LePage, Canada’s leading real estate services provider, American interest in Canadian real property has risen following the U.S. Presidential Election, with an increased number of Americans conducting research into real estate markets across the nation. American web traffic on royallepage.ca, the company’s consumer real estate portal, has …
Kylie Jenner is selling her Hidden Hills home for $5.4 million in California
Kylie Jenner, the 19-year-old American reality star and model, is selling her the Hidden Hills h ome Pacific Palisades, CA for $5.4 million according to the Trulia report.Kylie Jenner had purchased the home $4.5 million in August. Located on a 3.3-acre lot, the 5,147-square-foot home which was built in 2013 , includes four bedroom and …
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