Residential construction spending falls 7.3% year over year in July

One of the country’s largest real estate companies just purchased a senior apartment complex in San Jose for nearly $100 million.  Welltower, the world’s largest healthcare real estate investment trust, acquired the Novelle Senior Living apartments at 3355 Almaden Expressway in a $99.6 million all-cash deal, the Mercury News reported.  (Urbal Architecture) Columbia Pacific Advisors…

 Ritesh Malik, founder of co-working startup Innov8, has purchased a bungalow in Delhi’s elite Golf Links locality for around ₹85 crore.   The deal spotlights the growing appetite among new-age entrepreneurs for trophy homes in one of the Capital’s most tightly held residential markets.  The transaction was facilitated by India Sotheby’s International Realty….

Who says it’s hard to find development sites in New York City? Some opportunities are hiding in plain sight, such as the office conversions and replacements unlocked by tax break 467m and rezoning. But old offices are not the only thing that could be swapped out for housing and other development. Old highways are another…

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Japan’s Ministry of Finance (MOF) and central bank (BOJ) are a bit more closely linked than Treasury and the Fed. For example, the MOF can instruct the BOJ to sell a bunch of securities to pop up the value of domestic currency. They did this in relatively grand fashion yesterday, but the selling didn’t appear…

Moog: The Market Is Confusing It For A Humanoid Robotics Supplier