National
TODAY’S DEALS: Mixed-Use Development Brings Slice of City to D.C. Suburb
A joint venture begins an adaptive reuse redevelopment in Reston, Va.; public REIT MAA completes four acquisitions; and Grandbridge Real Estate completes loan involving a substantial interest-rate cut.
Economy Watch: Construction Continues to Add Jobs
The U.S. economy created a net of 257,000 jobs in January, which was stronger than expected, and an uptick from the relatively weak report in December.
MBA SPECIAL REPORT: Commercial Real Estate Market Operating at Peak Levels
On several key metrics, the commercial real estate industry is operating at peak levels and breaking all-time records even as the U.S. economic recovery is gathering steam.
TODAY’S DEALS: Wood Partners JV Kicks Off Phoenix Repositioning
Wood Partners and Apartment Realty Advisors buy 350 units in Phoenix; Resource Real Estate nets $2.7 million profit in a Houston sale; and Thomas Bradford Communities makes a value-add move in Mesa.
Economy Watch: Real Estate Could Be Affected By Lower Job Numbers
The Bureau of Labor Statistics is going to release its monthly employment numbers, and while monthly reports contain a certain amount of noise, the real estate industry pays attention—as it should.
Fannie Mae and Its Lenders Finance $28.9 Billion in 2014
Fannie Mae provided the multifamily market with $28.9 billion in financing in 2014, working with finance partners to finance 446,000 units of multifamily housing.
Majority of U.S. Homes Qualify For Down Payment Help
RealtyTrac found that 87 percent of all U.S. single-family homes and condos would qualify for a local down payment program based on the maximum price requirements for those programs and the estimated value of the properties.
TODAY’S DEALS: Griffis Residential Bullish on Boulder
Fairfield Residiential affiliate completes Boulder County sale; NorthMarq arranges $14.7 million for a Jacksonville buy; and Grandbridge closes $6 million for a Dallas seniors acquisition.
Economy Watch: A Look at the Increase in Consumer Spending
Some good news, especially for retailers: U.S. consumers’ daily spending, according to Gallup, fell to an average of $81 in January, down from $98 in December.
TODAY’S DEALS: CityR Group Grabs 672 Units in Illinois
Eastern Union arranges financing for a CityR Group buy; BBVA Compass provides $30 million for an acquisition in Mesa, Ariz.; and Greystone originates $30.5 million for a four-property purchase in North Carolina.