National
TODAY’S DEALS: Kennedy Wilson Acquires 324-Units in Boise
Kennedy Wilson breaks the 20,000-unit mark with a Boise buy; Bascom and Oaktree continue their buying spree; and Northmarq Capital arranges a $22.2 million takeout bridge loan.
Economy Watch: JOLTS Reports Higher Quits Among US Workers
There were 4.7 million job openings on the last business day of September, according to the Bureau of Labor Statistics in its Job Openings and Labor Turnover Survey.
Economy Watch: EIA Predicts Lower Oil Prices in ’15
The Energy Information Agency is predicting lower oil prices next year, which on the whole would be a positive for the U.S. economy, though the agency also stresses the uncertainty involved in predicting prices.
TODAY’S DEALS: Security Properties Sells 192 Units Southeast of Seattle
Security Properties exits a value-add play in Washington; Colliers closes an $11.6 refinancing in Atlanta with Prudential; and WaveCrest Capital acquires an apartment property for $8.8 million in an off-market transaction.
Economy Watch: Cities Took it on the Chin During Recession
The Pew Charitable Trusts released a report that quantified how difficult the recession and post-recession years were for the 30 largest U.S. cities.
TODAY’S DEALS: W.P. Carey Grabs Pair of Georgia Apartment Assets for $46M
W.P. Carey-led investment group grabs 444 units in Georgia; HFF arranges financing for a 520-bed student-housing asset in California; and Red Capital provides a $3.85 million balance-sheet construction mezzanine loan.
Economy Watch: Oil Prices Slide More
The worldwide price of oil continued its fall with the international benchmark Brent crude coming in at $82.34, the lowest price in more than four years.
TODAY’S DEALS: Carmel Partners Sells Virginia Apartment Asset to Capital Investment Advisors
ARA brokers Carmel Partners’ sale of 227-units in Arlington; Marcus & Millichap brokers the $13.3 million sale of two apartments assets in Manhattan’s UES; and Capital One Bank originates a $6.4 million CMBS loan for an acquisition on Florida’s Emerald Coast.
Economy Watch: Strong Jobs Growth in Various Industries
The gains in U.S. employment in October, which totaled a net of 214,000 jobs, were fairly widespread across various industries, the Bureau of Labor Statistics reported.
TODAY’S DEALS: Berkadia Arranges $73.7M for a Georgia Apartment Acquisition
Berkadia arranges acquisition financing for a Steadfast subsidiary; Bascom and Oaktree complete another purchase; and Community Development Trust and Peak Capital Partners acquire and preserve two affordable housing properties.