National
Economy Watch: A Look at the Slip in Construction Spending
The Census Bureau reported that U.S. construction spending dropped in November.
Economy Watch: Pending Home Sales See Uptick
The National Association of Realtors’ Pending Home Sales Index—a forward-looking indicator based on contract signings—was up 0.8 percent to 104.8 in November from 104.0 in October.
RealtyTrac Reports Distressed Condo Sales Continue to Drop
The percentage of distressed condo sales nationwide continues to drop, according to a year-end report by RealtyTrac.
Economy Watch: Case-Shiller Reports Residential Price Deceleration
According to S&P on Tuesday, the Case Shiller U.S. National Home Price Index recorded a 4.6 percent gain in October 2014 compared with a year earlier.
TODAY’S DEALS: Waterton Grabs 236-Unit High-Rise in Atlanta
Waterton Associates expands in Atlanta; Roxbury Ventures completes a $3.9 million sale in West Hollywood; and BMC Capital provides a seven-year $1.739 million acquisition loan via a banking relationship.
Economy Watch: Home Price Increases Sluggish
The post-recession trajectory of U.S. residential prices has one of increases, but data since early 2014 has pointed to a slowing down of those increases.
TODAY’S DEALS: Steadfast Enters Colorado with $40M Buy
Steadfast Apartment REIT buys a 252-unit asset; CPR Money provides $7.8 million for a Kansas City acquisition and rehab; and Walker & Dunlop originates a $23 million bridge loan in Austin, Texas.
TODAY’S DEALS: HFF Lands $118M for K2 Chicago
HFF provides $118 million to The Georgetown Co.; Senior Housing Properties Trust to complete a massive portfolio buy; and Essex Realty Group brokers the $2.7 million sale of a historic property in Chicago.
TODAY’S DEALS: Oakwood, Mapletree Expand in Dallas
Corporate housing firm Oakwood Worldwide completes a 232-unit JV apartment buy; Capital One Multifamily Finance closes $34.6 million to refinance an L.A. portfolio; and IPA arranges the sale of a North Dallas apartment property.
TODAY’S DEALS: Waterton Re-Enters Seattle with 155-Unit Buy
Waterton Associates re-enters the Seattle market after 10 years away; ACR Multifamily brokers a 344-unit sale in Austin; and NorthMarq Capital arranges a $11.09 million 15-year construction loan from a credit union.