National
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.
Economy Watch: What Newest Employment Trends Mean for CRE
How increasing the number of jobs is affecting commercial real estate.
TODAY’S DEALS: Financing a New Pedigree of Multifamily in Denver
A joint venture lands a 65-percent LTC construction loan in Denver; Miracle Mile multifamily trades for $23.5 million; and Walker & Dunlop originates a full-term interest-only loan for CAPREIT.
Economy Watch: How the Real Estate Industry is Benefitting from Job Increases
Finally, it looks like the U.S. economy is on the path of sustained job growth.
TODAY’S DEALS: MG Properties Sees Growth Potential in Phoenix
MG Properties Group nabs 270 luxury units; an L.A. student housing assets trades hands for $8.9 million; and NorthMarq Capital finalizes a $14 million Freddie Mac refinance for a client.
Economy Watch: Is CRE Improving?
A look at the federal government’s latest report on CRE.
TODAY’S DEALS: Wood Partners Completes Another California Sale
Wood Partners completes a Bay Area sale; NorthMarq arranges a refinancing in Rochester, N.Y.; and GFI Realty arranges a $4.6 million sale of a Harlem walk-up building.
Economy Watch: How Energy Prices Are Affecting CRE
Domestic energy prices seem to have stabilized for now, but that still leaves a question: what will low energy prices do to (and for) commercial real estate over the longer run?