National
Economy Watch: Retail Sales Slide in the Short Term, But Always Grow Otherwise
Retail and food services sales nationwide took another dip in February, against expectations.
TODAY’S DEALS: Millennium Tower Boston Completes $650M in Sales in Four Months
Millennium Partners demonstrates an appetite for the ultra-luxury condos in Boston; Bluerock Residential Growth REIT is attracted to Austin; and Hunt Mortgage provides a Fannie Mae loan facility to a property located in Rochester, N.Y.
New Standards for Wind and Seismic Design and Construction
The American Wood Council recently introduced four new standards, which are referenced in the 2015 International Building Code.
Economy Watch: Americans Finally Optimistic About Economy—And Real Estate
Call it creeping optimism: according to a number of measures, Americans are now more hopeful about the direction of the economy than they were as recently as last year.
TODAY’S DEALS: Amerisphere, NorthMarq Close $20.2M in for Three Assets
NorthMarq and Amerisphere place Fannie Mae financing for 1,078 units; Capital One refinances a manufactured home community near Detroit; and NXT Capital provides a $20.4 million first mortgage.
The Great Age Divide
Fifty-one percent of 25-34 year olds say they don’t want to work with a real estate broker when buying a home and prefer getting their house hunting information from marketing materials, renderings and websites, according to a survey by Neoscape Inc.
Economy Watch: Will Normcore Thinking Affect the Residential Market?
Is normcore housing a real thing? And will it be the next big thing in housing?
NMHC Study: Rental Boom is Boon to the National Economy, Contributing $1.3 Trillion in 2013
The multifamily housing rental boom is a real boon to the economy and local communities. Fueled by demographic changes like the burgeoning Millennial population and a rediscovery of metropolitan urban cores, the apartment industry and its 36 million residents contributed an impressive $1.3 trillion to the U.S. economy and supported 12.3 million jobs in 2013.
Economy Watch: Could Student Debt Negatively Affect Real Estate?
One aspect of consumer credit has a time-bomb potential when it comes to the health of the economy, and even certain aspects of residential and even commercial real estate: student loans.
TODAY’S DEALS: PAC Grabs Newly Built Sarasota Asset
Preferred Apartment Communities grabs 237-units; CIT arranges financing for a Queens development; and Aries Capital obtains a refinance containing a $1.1 million cash out.