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Economy Watch: Existing Home Sales Drop

The National Association of Realtors reported on Monday that total existing-home sales fell in November by 6.1 percent, but the sales level is still up by 2.1 percent from a year ago.

Economy Watch: Housing Starts Edge Down in November

U.S. housing starts came in at an annualized rate of 1.028 million units in November, according to the Census Bureau on Tuesday. That’s 1.6 percent below the revised October total of 1.045 million units and 7 percent below the November 2013 rate.

TODAY’S DEALS: Commercial Mortgage Capital Arranges $20M Construction Loan for Condo

Commercial Mortgage Capital closes a $20 million construction loan for the Pearl condominium in Edgewater, N.J.; Starlight buys 312 units in Houston; and CBRE/New England provides $4.2 million for an acquisition in Massachusetts.

NAA Special Report: Optimizing Mobile Marketing Efforts

Mobile is magic but remember to drive traffic back to the website

TODAY’S DEALS: Johnson Capital Arranges a $29.66M Construction-Permanent Loan

Johnson Capital secures a $29,660,000 construction-to-perm FHA Section 221(d)(4) loan; and Henry S. Miller Cos. brokers sale of 77 acres of land.

TODAY’S DEALS: Haley Real Estate Makes $82.2M Acquisition of Multifamily Communities in Texas, Alabama and Georgia

Haley Real Estate Group, an Omaha, Neb.-based investment firm, announced the acquisition of six multifamily properties; and NorthMarq Capital arranged a $10.66 million Freddie Mac refinancing.

TODAY’S DEALS: The Bassuk Organization Closes on $210M Financing for Carlisle’s NYC 80-20 Project

The Bassuk Organization Inc. announced the closing of a $210 million credit enhancement from Helaba Landesbank Hessen-Thüringen and PNC Bank; and NorthMarq’s Omaha office completed Freddie Mac refinancings totaling $34.1 million.

TODAY’S DEALS: Cohen Financial Arranges $9,89M+ in Fannie Mae, CMBS financing

Cohen Financial’s Dan Rosenberg secured a total of $9.894 million to refinance two multifamily properties; and Marcus & Millichap brokers a seniors housing sale for $33 million.

TODAY’S DEALS: George Smith Partners Secures $70M Cash-Out Refinance for Downtown LA Property

George Smith Partners provided financing for the takeout of a maturing construction debt; and Edgewood Capital supplies $2.15M for acquisition of non-performing loan.

Green Cabinetry That Could Really ‘Transform’ a Space

If you’re going green, one of the easiest first steps is to source products that are locally produced. In the New York region, for high-end cabinetry, developers should look to Bazzeo by NYLOFT. The company, which is based in North Bergen, N.J., uses recycled wood and other eco-friendly materials for its cabinetry.