National
TODAY’S DEALS: Vornado Refinances Massive D.C. Asset
Vornado completes a $308 million refinance; Lowe Enterprises and First Capital Advisors acquire Silk Factory Lofts; and Greysteel arranges a 120-unit sale in Texas.
Economy Watch: Middling Employment Numbers Might Keep Interest Rates Low Longer
The March employment numbers surprised on the downside, but oddly enough that could be a positive for the commercial real estate industry for a while.
TODAY’S DEALS: JRK Finds Value in Rhode Island
CBRE/New England brokers a 243-unit Rhode Island sale; Beachwold grabs a Connecticut community from TGM Associates; and an apartment property in San Mateo, Calif. sells for $386,154 per unit.
Economy Watch: Employment Growth Hits a Bump
The economy wheezed a little in March, not producing as many jobs as expected, and fewer than at any time in the last six months or so.
TODAY’S DEALS: ASB Acquires Class A Seattle Apartments for $90M
ASB Real Estate Investments announced the acquisition of buildings in the burgeoning Capitol Hill neighborhood; a newly built California asset trades for $84 million; and ARA Newmark closes two suburban Atlanta sales.
Economy Watch: Construction Edges Down Because of Energy
U.S. construction spending experienced a modest downtick in February, off 0.1 percent overall, but is still 2.7 percent higher than the same month last year, according to the Census Bureau.
Economy Watch: Real Estate Markets Benefit from Boost in Engineering Jobs
The missing piece of the puzzle for full economy recovery is still higher wages across most sectors of the economy.
TODAY’S DEALS: Greystar Adds Boston Area Asset to Portfolio
CBRE/New England brokers a sale outside Boston; NGKF provides AION Partners with Florida financing; and a joint venture between Bascom and Oaktree buys an apartment community in Nevada.
Economy Watch: Lackluster GDP, But Real Estate Growth Better
The third and final estimate for fourth quarter US GDP came in at an annualized rate of 2.2 percent, according to the Bureau of Labor Statistics.
Bozzuto Management Commissions Luxury Model Apartment
HDG delivers high-end design for Washington, D.C. apartment community