National
Economy Watch: Housing Sees Modest Price Increases
The latest Case-Shiller indexes are out, and they point to smallish increases in the prices of houses nationwide.
TODAY’S DEALS: Grosvenor Closes $35.5M for Two San Francisco Developments
DM Development lands $35.5 million for two San Francisco projects; Greysteel closes a 104-unit sale in Maryland; and Equicap arranges a $8.5 million bridge loan to replace a construction loan for a condo conversion in New York.
The Finch Group Opens Cleveland Apartments
Innova, an apartment development by The Finch Group, has opened. The property includes 177 apartments within a 400,000 square-foot “all-inclusive” pedestrian-friendly site.
TODAY’S DEALS: Greystone Closes $96M CMBS Loan for Portfolio Acquisition
A 1,856-unit portfolio in Raleigh, N.C., & Dallas/Forth Worth trades hands; Capital One Multifamily Finance refinances a Sacramento apartment asset; and Berkeley Point Capital helps cut a borrower’s refinance interest rate by 50 percent.
Economy Watch: Economy Benefiting from Home Sales
What’s good in residential real estate is usually good for commercial real estate (eventually), and the best thing that can happen on the residential side these days are higher sales that don’t feed another bubble.
TODAY’S DEALS: NorthMarq Closes Texas Construction Loan
NorthMarq arranges $10.5 million for a Texas asset; Berkeley Point Capital refinances an assisted living property in Portland, Ore.; and Stepp Commercial completes a $2.5 million sale in Long Beach, Calif.
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.