Existing home gross sales dropped 2.0% to a seasonally adjusted annual rate of 5.88 million units last month. Sales fell in all 4 regions, with the densely populated South posting a 3.0% decline. Economists polled by Reuters had forecast gross sales would decline to a fee of 5.89 million items in August. JLL Capital Markets closed the $315.4M sale of a nine-property workplace portfolio for all times sciences conversion in San Diego, California. Valuations for manufactured housing communities is at an all-time average excessive. JLL’s Manufactured Housing Report details the reasons for the uptick in demand.
Europe Real Estate consists of three funds with capital investments of €3.39 billion. The US Real Estate staff makes investments primarily in residential, resort, industrial, workplace, and retail sectors of main markets in North America. This segment has six funds with capital commitments of approximately $7.58 billion. The prime problem to the housing market … Read the rest