Monday, July 8, 2013

Rapidly Advancing Multifamily, Home Markets Leaving Manufactured Housing Far Behind

National Commercial Real Estate News From CoStar Group

Rapidly Advancing Multifamily, Home Markets Leaving Manufactured Housing Far Behind

While multifamily investors have had a smashingly successful time at the apartment bash in the past couple of years, and U.S. single-family home prices have surged 12% in the past year, the manufactured housing segment continues to struggle.

Manufactured housing traditionally provides a low cost alternative in suburban and rural areas to individuals and families with annual household incomes generally less than $40,000 - a segment particularly...

Bowlmor Looking To Roll a Strike in Merger of Cerberus’ AMF Bowling Worldwide

Strike Holdings LLC (known as “Bowlmor”) completed its merger with AMF Bowling Worldwide Inc. The new company, known as Bowlmor AMF now becomes the largest operator of bowling centers in the world with 272 bowling centers, 7,500 employees, and combined annual revenue of approximately $450 million.

The transaction stems from AMF’s filing for Chapter 11 bankruptcy reorganization at the end of last year. The new company is jointly owned by Bowlmor...

Era of the Smaller Office at an End? Perhaps Not

By: Glen Marker, Senior Market Advisor

There’s been a lot of discussion of late trumpeting that a combination of Gen Y demand and technology innovation is leading companies to redesign and reduce their office space to optimize collaboration, create a more egalitarian distribution of space, and reduce costs. The office leasing data, however, points to another possible explanation for the smaller-than-average size of leases signed in 2009-2011 -...

Facility Closures & Downsizings: Surge in Computer Sector Layoffs Bumps Up June Job Losses

The jobs picture is decidedly one of the glass being half full or half empty. Even as the Bureau of Labor Statistics reported that more jobs were created in June 2013 than economists had expected, the number of planned job cuts rose slightly for June, as employers announced workforce reductions totaling 39,372 during the month, up 8.2% from 36,398 in May, according to the latest report on monthly job cuts from private placement firm Challenger, Gray...

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