NEW YORK CITY-The Tunnel Garage in SoHo has been converted into an apartment, which will open in September for rent rates starting at $6,500 per month.
ATLANTA-Sales in the commercial property market remained at a standstill for months with sellers refusing to reduce prices while buyers demanded discounts.
ORLANDO-Arbon Equipment Corp. Inc. has signed a new lease for 13,800 sf of industrial space at the Lee Vista Business Center located at 7443 Emerald Dunes Drive, Orlando.
WASHINGTON, DC-The National Association of Home Builders has reported that the housing market index in July has fallen by more than anticipated with the expiration of the federal tax credit.
WASHINGTON, DC-A major move to make the Senate pass a Federal Housing Administration bill will be launched by housing and residential finance trade organizations this year.
HORSHAM, PA-Toll Brothers, a builder of luxury homes, has created a new unit called Gibraltar Capital and Asset Management to take over investment opportunities as well as real estate acquisition.