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TODAY’S DEALS: MG Properties Acquires 770 Units in California

TODAY’S DEALS: MG Properties Acquires 770 Units in California

MG Properties drops $80 million on four California apartment communities; Beech Street closes a $9.1 million refinance for a Colorado asset; and Essex Realty brokers the sale of a courtyard apartment building in Chicago.…

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Economy Watch: Initial Unemployment Claims Reaches Another Low

Economy Watch: Initial Unemployment Claims Reaches Another Low

Initial unemployment claims came in at an annualized 304,000, an uptick of 2,000 from the previous week's revised level, according to the U.S. Department of Labor on Thursday. Last week the weekly claims rate was at a post-recession low.…

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TODAY’S DEALS: Praedium Group Buys Colorado Springs Apartments from Griffis/Blessing

TODAY’S DEALS: Praedium Group Buys Colorado Springs Apartments from Griffis/Blessing

The Praedium group completes a $48.5 million apartment acquisition; Greystone refinances two South Florida multifamily assets; and Centerline provides $3.4 million for an acquisition in San Antonio. …

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Economy Watch: Housing Starts See Uptick in March

Economy Watch: Housing Starts See Uptick in March

U.S. housing starts in March came in at an annualized rate of 946,000 units, according to the Census Bureau on Wednesday. This is 2.8 percent higher than the revised February estimate of 920,000 units, but 5.9 percent lower than the March 2013 rate of 1.01 million units.…

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TODAY’S DEALS: Pacific Southwest Arranges $32M for Calif. Apartments

TODAY’S DEALS: Pacific Southwest Arranges $32M for Calif. Apartments

Pacific Southwest Realty Services secures $32 million for a 447-unit asset via a life company; NorthMarq Capital negotiates a $26.3 million student housing acquisition in West Virginia; and Centerline provides a $4.8- million FHA 223(f) loan to refinance an affordable housing property. …

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Housing Starts Rise 2.8 Percent in March, According to NAHB

Housing Starts Rise 2.8 Percent in March, According to NAHB

Led by a 6 percent rise in single-family starts, nationwide housing production rose 2.8 percent above an upwardly revised February rate of 920,000 to a seasonally adjusted annual rate of 946,000 units in March, according to newly released figures from HUD and the U.S. Census Bureau.…

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Multi-Housing Refinancing Dilemma: Pay Now, Or Lock In Later?

Multi-Housing Refinancing Dilemma: Pay Now, Or Lock In Later?

Should an investor shoulder that pre-pay penalty now and refinance, or does it make sense to wait a year or two?…

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Economy Watch: Homebuilders a Little More Optimistic

Economy Watch: Homebuilders a Little More Optimistic

The National Association of Home Builders reported that that the NAHB/Wells Fargo Housing Market Index, which gauges builder confidence in the market for newly built, single-family homes, rose one point to 47 in April from a downwardly revised March reading of 46. …

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TODAY’S DEALS: Banner Essex Acquires 274 Units in Charlotte

TODAY’S DEALS: Banner Essex Acquires 274 Units in Charlotte

Banner Essex Strategic Fund II completes its second buy; a condominium-entitled apartment trades hands for $14.2 million in Oceanside, Calif.; and The Greysteel Co. is retained as the exclusive agent for the sale of a 28.64-acre property in Northern Virginia. …

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Economy Watch: Retail Sales See Healthy Uptick

Economy Watch: Retail Sales See Healthy Uptick

The Census Bureau reported that retail and food services sales for March, adjusted for seasonal variation and holiday and trading-day differences—but not for price changes—came in at $433.9 billion, an increase of 1.1 percent from February.…

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TODAY’S DEALS: MIG Snaps Up 168-Units in Denver

TODAY’S DEALS: MIG Snaps Up 168-Units in Denver

ARA brokers an apartment sale outside Denver; San Antonio Commercial Advisors completes a value-add transaction in San Antonio; and Bernard Financial arranges a $5.2 million loan.…

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Economy Watch: Consumers Feeling Better About Current Conditions, Outlook

Economy Watch: Consumers Feeling Better About Current Conditions, Outlook

The preliminary Reuters/University of Michigan consumer sentiment index for April came in at 82.6, according to the university, an increase from 80.0 at the end of March, and 79.9 in mid-March. The latest reading is the highest since last summer.…

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