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TODAY’S DEALS: Kennedy Wilson Acquires 118 Units South of Seattle

TODAY’S DEALS: Kennedy Wilson Acquires 118 Units South of Seattle

Kennedy Wilson completes a $20.8 million acquisition in Turnwater, Wash.; Hunt Mortgage Group refinances an affordable seniors asset in Pennsylvania; and NorthMarq Capital arranges a seven-year, $22.8 million acquisition loan.…

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TODAY’S DEALS: Greystar Nabs Oregon Community from Invesco

TODAY’S DEALS: Greystar Nabs Oregon Community from Invesco

Greystar acquires a 264-unit community in the Silicon Forest; NorthMarq Capital finalizes a $13 million bridge loan for a Manhattan High Line condo project; and Smith Equities arranges the sale of two student housing assets that serve the University of South Florida.…

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Economy Watch: U.S. GDP Expands at 4.2 Percent Rate in Second Quarter

Economy Watch: U.S. GDP Expands at 4.2 Percent Rate in Second Quarter

The Bureau of Economic Analysis reported its revised, or “second,” estimate for Q2 2014 real U.S. gross domestic product growth, finding that GDP expanded at an annualized rate of 4.2 percent.…

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TODAY’S DEALS: CLAL, Waterton Buy Stamford Apartments for $120.5M

TODAY’S DEALS: CLAL, Waterton Buy Stamford Apartments for $120.5M

CBRE brokers a $120.5 million apartment sale in Stamford; Colliers International completes a $6.4 million sale in Phoenix; and Capital One Bank closes a $22 million FHA refinance loan.…

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Economy Watch: Federal Deficit Continues to Shrink

Economy Watch: Federal Deficit Continues to Shrink

The Congressional Budget Office estimated that the federal budget deficit for the fiscal year of 2014 (which ends Sept. 30) will amount to $506 billion, or about $170 billion lower than the shortfall in 2013. …

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Economy Watch: Home Prices Continue Their Deceleration

Economy Watch: Home Prices Continue Their Deceleration

The latest S&P/Case-Shiller Home Price Indices, which were released on Tuesday by S&P Dow Jones Indices, show a sustained slowdown in U.S. home price increases. …

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Perkins Coie Closes $125M US Treasury Guaranteed Bond for CRF, CDT

Perkins Coie Closes $125M US Treasury Guaranteed Bond for CRF, CDT

Perkins Coie has announced that it has closed a $125 million U.S. Treasury guaranteed bond issue for Minneapolis-based Community Reinvestment Fund and Community Development Trust. The bond, one of three issued, will help provide low-cost capital to invest in affordable housing loans.…

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TODAY’S DEALS: Cityscape Residential Secures $82M for Three Midwest Developments

TODAY’S DEALS: Cityscape Residential Secures $82M for Three Midwest Developments

Cityscape Residential to build 670 units after securing financing; and Huntington Bank provides $90 million for two Pittsburgh mixed-use projects. …

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Economy Watch: New Home Sales Drop in July

Economy Watch: New Home Sales Drop in July

Sales of new single-family houses in July 2014 were at an annualized rate of 412,000 units, according to the Census Bureau and HUD.…

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Operating Expenses Both Up, Down for Federally Subsidized Housing, Says IREM Study

Operating Expenses Both Up, Down for Federally Subsidized Housing, Says IREM Study

According to a recent study published by IREM, operating expenses in 2013 compared with 2012 for various kinds of federally subsidized housing decreased in the case of some kinds of properties, but increased for others.…

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TODAY’S DEALS: Bruckal Buys 436 Units in Phoenix

TODAY’S DEALS: Bruckal Buys 436 Units in Phoenix

Colliers brokers the sale of a Class B asset in Phoenix; Berkshire Group acquires a Class A apartment community near Boston; and Berkadia secures $20.3 million for a property in Austin.…

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Economy Watch: Yellen Worried About Employment, Non-Committal on Rates

Economy Watch: Yellen Worried About Employment, Non-Committal on Rates

The Federal Reserve has long been adept at maintaining a poker face, and Chair Janet Yellen seems to be carrying on the practice. …

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