National
TODAY’S DEALS: University of Chicago Lists 676 Units for Sale
HFF lands a hefty marketing contract in Chicago; Bascom buys in Long Beach, Calif.; and Hamilton Point buys two properties for $41.2 million.
Economy Watch: Why Homebuilders are Relying on Millennials
Home builders are still fairly confident about the state of their industry, whose health affects a number of other kinds of real estate. Should they be?
Economy Watch: Consumers Don’t Like the Looks of the Economy
Do consumers have the jitters? That’s happened before, and it always has the potential to cut into retail sales, and thus impact the property types that retail sales support, namely retail and less directly, industrial.
Economy Watch: Retail Sales Growth Slows to a Halt
Retail sales growth took a pause in April, according to the Census Bureau.
Economy Watch: Another Lackluster Q1 Metric (And One That Wasn’t So Bad)
More evidence that the first quarter is going to be remembered as one in which the U.S. economy ran in place (which doesn’t do anyone any good, including various stripes of real estate): consumers didn’t do much more borrowing of any kind during the quarter.
Economy Watch: Two Tales of Employment Recovery: Construction and Hospitality
Construction has had a fairly good run lately in terms of job creation, with the Bureau of Labor Statistics reporting that the industry added a net of 45,000 positions in April, after not budging much in March.
TODAY’S DEALS: Praedium Buys Massachusetts Apartments from Wood Partners JV
Wood Partners and Bavin Inc. complete a Boston-area disposition; Canada’s Starlight Fund finds value in Florida; and Berkadia arranges $18.5 million for affordable and student housing.
Economy Watch: How Strong is Employment Among Millennials?
The April Bureau of Labor Statistics employment report was generally good news, with a net gain of 223,000 jobs and an unemployment rate of 5.4 percent, the lowest that metric has been in the last seven years, since the onset months of the recession.
TODAY’S DEALS: RADCO Completes Third 2015 Buy with Clearwater Apartments
The RADCO Cos. drops $34.2 million on a Florida asset; OpenPath kicks off a value-add play with an acquisition in Colorado; and Quantum Capital arranges a $33 million refinancing.
Evictions at Lowest Level Since ‘09
According to a new analysis by TransUnion SmartMove, the number of apartment evictions in 2014 was the lowest in any year since 2009.