Multi-family Housing

US-According to CoreLogic, a mortgage analytics company, subprime delinquencies were showing a downward trend, while the prime mortgage market was also not performing well.

US-The housing market slump is forcing homebuilders to demand cheaper prices for lands from land brokers, while in some cases, pulling out of contracts completely.

US-The recent revival of the US hotel market has prompted hotel owners to divest property assets.

US-Omni Hotels & Resorts received approval from the Convention Center Authority of Nashville to construct an 800-room hotel close to the city's convention center.

CORAL SPRINGS, FL-Despite 31% occupancy, Design Row, a strip center targeting furniture retailers, sold for $7.25 million.

STOCKHOLM-The company will handle the Kefren Properties IX portfolio, comprising 150 properties of office, industrial and retail.

BOCA RATON, FL-Lara Design Row, Ltd. has completed the sale of its Design Row Shopping Center spanning 90,476 square feet in Coral Springs to Design Row, LLC for $7,250,000.

WEST PALM BEACH, FL-Colliers International South Florida has opened a new office in Downtown West Palm Beach at 224 Datura St., Suite 515.

ORLANDO-The Water Tower Place, a 124,000-square-foot retail complex situated in Celebration, Osceola County, has named Crossman & Company as manager to handle the leasing, marketing and property management exclusively.

NEW YORK CITY-The deepening crisis in the housing market has placed the US government in a quandary regarding policies that will favor current and future homeowners.

WASHINGTON, DC-Ironically, the instrument that triggered the financial crisis, mortgage-backed securities, continues to be the top-performing channel for investment, about three years after the crisis kicked off.

NEW YORK CITY-A subsidiary of Forest City Enterprises, Inc. has wrapped up a 10-year, fixed-rate mortgage loan for $85.0 million on a retail property it owns at 42nd Street in New York City.

NEW YORK CITY-Ladas & Parry LLP, an intellectual property law firm, has leased over 24,000 square feet space at 1040 Sixth Avenue for 15 years.

NEW YORK CITY-Fairway Market is planning to open a new unit in the Upper East Side at 240 East 86th Street by fall 2011.

NEW YORK CITY-International long-distance telecomm service provider IDB Communications has renewed its lease for 90 John Street for an area of 35,000 square feet in downtown Manhattan.

NEW YORK CITY-Oakley has leased 1,815 square feet of space at the entrance of the Times Square building, located at 1515 Broadway, for an exorbitant price of $1,400 per square feet.

SAN DIEGO-Construction is under progress for Rady School of Management Phase 2, a five-story structure that will connect with Otterson Hall on four levels.