The U.S. Department of Labor reported that initial jobless claims for the week ending May 12 were 370,000, which means that the rate didn’t budge compared with the week before.

Affordable community Orvieto Family Apartments, a development by Eden Housing and ROEM Corporation, recently opened its doors to renters.

The Praedium Group and McDowell Properties purchase a 200-unit community; HFF refinances a seniors housing community in California; and Madison Realty Capital completes a $21.5 million note and deed purchase for a Brooklyn property.

ADC Realty Group has obtained financing for site acquisition and construction of an apartment property in West Los Angeles on the current site of a rental car location.

Wood Partners has begun construction of Alta Alameda Station, a 338-unit community project in Denver’s historic Baker district, across the street from the Alameda Light Rail station.

The Greek crisis has gone in fairly short order from “Greece will never leave the euro zone” to warnings about the cost of Greece leaving the euro.

The 224-unit Vintage at Snowberry Apartment Homes, an affordable seniors housing project in Riverside, has opened fully leased.

JLL closes financing for a $93 million multifamily development in San Jose; Kennedy Wilson buys a 409-unit asset in Sacramento; and American Realty Advisors buys a 62-unit luxury asset in Brooklyn.

U.S. consumers spent a little more in April than in March, but not much more, with the Census Bureau reporting a 0.1 percent month-over-month increase, adjusted for seasonal factors.

The Murano, a luxury condominium located in Long Island City, N.Y., is already 80 percent sold.