National
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.
TODAY’S DEALS: Hamilton Zanze Grabs Fifth Community in Portland MSA
Hamilton Zanze acquires a 210-unit asset for $22 million; Federal Capital Partners provides Kane Realty Corp. with mezzanine financing for a Raleigh, N.C., development; and a Detroit apartment property sells for $2.5 million.
TODAY’S DEALS: Equity Residential Drops $130.2M on Boston Asset
CBRE/New England brokers a Gerding Edlen sale in Boston; Berkadia brokers the sale of a California multifamily property for more than $55.5 million; and Oakwood Worldwide grabs Raleigh corporate apartments.