National
Economy Watch: Gas Prices Still in Freefall
World oil markets are on track to give U.S. consumers an even better price for gasoline in the very near future, according to a report released by AAA—a holiday bonus of sorts.
TODAY’S DEALS: HFF Secures $17M Refinance for Universe Holdings
HFF arranges refinancing for an 118-unit Los Angeles portfolio; Tricap grabs a community in Indiana for $11.3 million; and Arbor Commercial Funding originates two loans under Fannie Mae’s DUS program.
Economy Watch: November Job Gains Wide Across Industries
The November jobs report released by the Bureau of Labor Statistics, widely acknowledged as a very strong one, detailed increasing in hiring across various sectors of the economy.
TODAY’S DEALS: CBRE/NE Brokers 56-Unit Sale in Massachusetts
CBRE/New England brokers a 56-unit sale in Tewksbury, Mass.; Marcus & Millichap arranges a 228-unit portfolio sale in North Texas; and NorthMarq Capital finalizes $26 million in acquisition financing.
Economy Watch: Employment Surges by 321K Jobs in November
The U.S. economy created 321,000 jobs in November, according to the Bureau of Labor Statistics, which is well above the average monthly gain for the past 12 months of 224,000.
TODAY’S DEALS: Oak Grove Capital Closes $135.2M in Three Weeks
Oak Grove Capital closes a series of affordable, market-rate and seniors housing loans; Jason Cohen Pittsburgh buys a neglected property with planned repositioning; and Capital Fund Services arranges financing for a Southside Chicago housing.
Economy Watch: Beige Book Paints Generally Stronger Picture of Economy
The latest Beige Book—formally called the “Summary of Commentary on Current Economic Conditions by Federal Reserve District”—says that national economic activity continued to expand in October and November.
TODAY’S DEALS: Phoenix Realty Group Buys 600 Units in Colorado
Phoenix Realty Group grabs 600 units in Aurora, Colo.; NorthMarq arranges a $140 million refinance through GE Capital and Prudential; and Eastern Union arranges $6 million for the refinance of a Manhattan mixed-use property.
Economy Watch: Construction Spending Rises in October
The Census Bureau reported that U.S. construction spending during October came in at an annualized rate of $971 billion, 1.1 percent higher than in September.
TODAY’S DEALS: Canyon Capital Provides Related JV with $157M for Miami Condo/Hotel
HFF arranges $157 million for a mixed-use Miami development; Equus Capital Partners acquires 288 units in Atlanta; and Berkadia arranges more than $26 million for two multifamily properties on the East Coast.