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Volume 4 - Number 18 | September 12, 2006
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TOP STORY: Demographic Trends Reshaping Nation’s Downtowns
By Sule Aygoren Carranza
Changing demographics and development trends are reshaping the nation’s downtowns, including Los Angeles and other California cities. More people are opting to live in urban centers rather than suburbs. Developers are following suit, building more communities in CBDs.
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Australian Firm Buys BNP Residential in $766M Deal
By Sule Aygoren Carranza
BNP Residential Properties Inc. and Babcock & Brown Real Estate Investments LLC, a publicly traded Australian international investment and advisory firm, have agreed to merge in a $766-million deal.
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Homeownership Down, But Single-Family Sales Still Impacting Multifamily
By Sule Aygoren Carranza
The single-family housing market is losing steam and the homeownership rate has declined for the first time in more than a decade. That's good news for the rental market, which has been experiencing gains in both demand and rental rates in recent months. However, Gleb Nechayev, a senior economist with Boston-based Torto Wheaton Research, says the for-sale market is still an important factor for the rental segment because it competes for households, particularly the middle-age cohort.
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Developers Seeing Green in Graying Boomers
By Connie Gore
It’s all about attitude. At least, that’s what today’s developers of residential, hospitality and retail space have discovered from the 77 million Baby Boomers in various stages of life.
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