National
TODAY’S DEALS: JB Matteson Purchases Sacramento Multifamily Community for $29.8M
JB Matteson buys its second Sacramento apartment asset; Bell Partners sells a St. Louis community to Equus Capital Partners; and CBRE Group arranges the sale of a Coney Island apartment building for $3.78 million.
Economy Watch: Existing Home Sales Edge Up
Total existing U.S. home sales rose 1.5 percent to an annualized rate of 5.26 million units in October from 5.18 million in September, the National Association of Realtors reported.
TODAY’S DEALS: Olympus Property Acquires Luxury Adaptive Reuse High-Rise in Downtown Dallas
A 440-unit high-rise in Dallas trades hands; Domain Acquisitions and BH Equities acquire 672 units in North Phoenix; and NorthMarq Capital secures $103.7 million in Freddie Mac refinancings to take out bank loans.
Economy Watch: Housing Starts Edge Down in October
Private U.S. housing starts in October came in an annualized rate of 1.009 million units, according to the Census Bureau.
TODAY’S DEALS: HFF Arranges $29.7M Refi for North Carolina Apartments
Banner Apartments lands $29.7 million to refinance an asset; NorthMarq Capital arranges $19.2 million to refinance an apartment community in Springfield, Ill.; and RED provides financing for the housing authority’s rehabilitation project under RAD.
Economy Watch: Builders More Optimistic
Builder confidence in the market for newly built single-family homes rose four points to 58 on the National Association of Home Builders/Wells Fargo Housing Market Index.
TODAY’S DEALS: Charles Dunn Co. Completes $8.1M L.A. Sale
Charles Dunn. Co. sells a 33-unit community in Echo Park; Berkadia provides a $19 million, seven-year, floating-rate loan for an acquisition in Portland, Ore.; and Bainbridge Cos. grabs an asset in Virginia Beach.
Economy Watch: Industrial Productions Off Slightly in October
U.S. industrial production edged down 0.1 percent in October after having advanced 0.8 percent in September, the Federal Reserve reported.
TODAY’S DEALS: Weinstein Buys 260-Unit Property from Wood Partners
ARA brokers Wood Partners’ sale of a newly built asset; Graysteel arranges a 30-unit sale in Northwest Washington, D.C.; and ARA participates in the sale of a Class A apartment community located in a 200-acre mixed-use community.
Economy Watch: Retail Sales Edge Up in October
Americans increased their retail and food services spending by 0.3 percent in October compared with September, according to the Census Bureau.