National
TODAY’S DEALS: Vulcan Cashes Out in South Lake Union
Vulcan announces its third South Lake Union sale this month; Greystar and The Carlyle Group sell an Austin asset; and The Preiss Co. acquires student housing.
Economy Watch: Fannie Mae Predicting Softer Multifamily Markets
Fannie Mae is mostly optimistic about the state of the multifamily industry in 2015 and beyond, but it doesn’t foresee quite the same kind of boom as in the last few years.
TODAY’S DEALS: Cherry Creek Apartments Trade for $67.9M
Brass Enterprises decides on Denver; Tampa multifamily trades sells for $21.8 million; and Railfield Realty buys in San Antonio.
Economy Watch: Architecture Billings Drop Worrisome for CRE
The American Institute of Architects reported its latest Architecture Billings Index this week, noting that the index dropped below 50 for the first time in a good many months.
Run, Don’t Walk, if You Can Match These Criteria: Q&A with Eric Silverman, Eastham Capital
Having raised $100 million for its latest fund, a private equity firm seeks distressed properties, property management partners.
Economy Watch: Are Mortgage Credit Conditions Getting Better?
The Federal Open Market Committee talks about interest rates and mortgage credit conditions.
Economy Watch: How to Put Homebuilding Back on Track
Homebuilders aren’t pessimistic these days, but they aren’t overly optimistic about the state of their business either.
TODAY’S DEALS: ACC Grabs 836 Beds
American Campus communities adds 836 beds; Hunt Mortgage Group closes two refinancings in Arizona; and Preferred Apartment Communities proves bullish on Houston.
TODAY’S DEALS: Vulcan Completes Another South Lake Union Sale
J.P. Morgan grabs a mixed-use asset from Vulcan; Gebroe-Hammer brokers the $36 million sale of a New Jersey asset; and Hunt Mortgage refinances two multifamily properties.
APARTMENT MARKET STATISTICS: February 2015
The prices of multifamily properties sold fell to $144,149 per unit in the third quarter compared to $124,768 in the previous quarter, reports PPR, a Costar company.