Finance & Investment
Economy Watch: Economy Adds 248K Jobs in September
According to the Bureau of Labor Statistics, the U.S. economy created 248,000 jobs in September, well beyond the gains of the last 12 months, which have averaged 213,000 per month.
TODAY’S DEALS: Arbor Finances $128.9M in National Multifamily Deals
Arbor Commercial Funding details 14 recent transactions totaling $128.9 million; and SVN Chicago Commercial sells a 34-unit portfolio for $2.3 million.
Economy Watch: Case-Shiller Reports Home Prices Rising Slowly
The latest S&P/Case-Shiller Home Price Indices, which were released by S&P Dow Jones Indices, show a continuing slowdown in U.S. home price increases.
Growth Markets for 2015: Upstate New York
Secondary cities in the South and Northwest grab the headlines, but upstate New York is beginning to be recognized for stable recovery and urban reinvention.
TODAY’S DEALS: Berkadia Provides $85M Following Proprietary Interim Loan for Mixed-Use Property
The New York office of Berkadia Commercial Mortgage recently arranged an $85 million revolving credit facility; and Grandbridge Real Estate Capital facilitates a $5.5 million seniors housing refinance.
TODAY’S DEALS: Cohen Financial Secures $167.6M Construction Loan for Miami Development
Cohen Financial secures a $167.6 million construction loan for Muse in Sunny Isles located at 17141 Collins Avenue; and Meridian Capital arranges $32 million for two mixed-use properties in New York.
TODAY’S DEALS: California Investor Sells 559 Units in San Antonio
ARA brokers a 599-unit sale for Regional Investment & Management; Grandbridge closes a $33 million refinance for a Texas apartment community; and NorthMarq Capital arranges a $21.4 million construction loan.
TODAY’S DEALS: Allianz Provides Permanent Financing for Class A Cincinnati Asset
HFF arranges permanent financing for a Flaherty & Collins property; Berkadia arranges nearly $80 million for a multifamily portfolio in Los Angeles; and National Cooperative Bank originates $60.5 million in new loans during August.
TODAY’S DEALS: Capital One Bank Provides $277M Construction Loan for Brooklyn Waterfront Apartments
Capital One Bank announced it completed the syndication of a $277 million construction loan for a ground up development; ARA brokers Pauls Corp.’s sale of 21 Fitzsimons; and Ross taps Federal Capital Partners to recapitalize 2,044 units in Washington, D.C.
Multi-Housing News: Inside the September 2014 Issue
Read the articles from the latest digital issue of Multi-Housing News.