National
Economy Watch: Job Growth Slowing Down
In March, overall U.S. employment growth wasn’t as robust as expected, and the latest employment stats from the states and D.C.—which are also March numbers—reflect a similar slowdown, though not a job market that’s coming to a sudden halt.
TODAY’S DEALS: What Does $250M Get You in Colorado?
Bell Partners buys one of Colorado’s largest apartment communities; MIG Real Estate grabs a 301-unit townhome asset in North Dallas; and Hunt Mortgage Group finances the acquisition of properties via Fannie Mae.
Economy Watch: Warnings of a New Recession?
This month’s CFNAI-MA3 is more evidence for the widely held notion that the economy slowed down during the first quarter and might not be speeding up now.
Economy Watch: Water Crisis: Today California, Tomorrow Everywhere Else?
The rest of the nation should hope that California isn’t going to be a bellwether when it comes to a dire water shortage, but with the long-term prospect of a warmer and drier climate worldwide, it might be a good idea to at least pay attention to what’s going on in California as it tries to deal with its drought.
TODAY’S DEALS: KeyBank Secures Delaware Acquisition Financing
KeyBank lands a $20.4 million Fannie acquisition loan; Greysteel closes a 16-unit sale in Washington, D.C.; and Essex Realty brokers the sale of a six-unit building for $805,000.
Economy Watch: Growth in the Euro Zone Might Benefit US Real Estate
Ahead of the spring meetings of the International Monetary Fund and World Bank in Washington this weekend, the IMF released its World Economic Outlook and the Global Financial Stability Report.
Economy Watch: Beige Book Says Economy Growing, But…
The Federal Reserve’s Beige Book might be anecdotal in nature, but they are high-quality anecdotes.
Economy Watch: Apartment Industry Benefiting from Student Debt
The U.S. economy in the first quarter of 2015 seems to have been a little soft. However, apartment owners and developers are also fortunate in that a very large generation is coming of age right now, and they want to form households.
TODAY’S DEALS: Loan Saves Queens Condo from Auction Block
Madison Realty Capital closes $14 million for a mixed-use condo property in Flushing, N.Y.; URS Capital Partners completes its third apartment acquisition in Charleston; and NorthMarq Capital arranges a $16.8 million refinance through PPM.
Economy Watch: Good Times for Hotels, But Properties Are Harder to Develop
Apartments have been the darling of the recovery since the recovery started, but the hotel market has snapped back from the dark days of 2009 and ’10 almost as dramatically.