| Developers Make Push Into Seattle Market
NEW YORK (Dow Jones)--In the latest twist in the red-hot multifamily market, a venture of a New York real-estate private-equity firm and a Los Angeles developer has made a big push into the Seattle market by taking over a well-known local builder of apartment properties. Perhaps more valuable, the venture also got Harbor's 15-person staff . The venture of AREA Property Partners and Urban Partners LLC has purchased Harbor Properties of Seattle in a deal valued at $75 million, excluding debt. Fed officials remained cautious about economic improvement and showed little enthusiasm for launching any additional bond-buying soon, according to minutes from their most recent meeting. Royal Bank of Canada agreed to buy the 50% of RBC Dexia Investor Services that it doesn't already own from a Dexia subsidiary for about $1. More than 1 year after the accident at a nuclear power plant caused Japan to rethink its dependence on nuclear energy, uncertainty around the country's energy policy continues to stymie investor interest in alternative energy. |
Wednesday, 4 April 2012
Developers Make Push Into Seattle Market
