National
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.
Economy Watch: Manufacturing Continues to Grow
The U.S. manufacturing sector expanded in November for the 18th consecutive month, according to latest Manufacturing ISM Report On Business.
Specialized Software Managing Apartment Residents’ Package Deliveries
More than 37 million U.S. apartment residents receive enormous numbers of holiday packages every year. A load that large requires more than mere tracking numbers. For that reason, one in four apartment communities use specialized software to manage residents’ packages on site.
Economy Watch: Black Friday Sales Edge Down
A variety of retail sales estimates came out over the weekend, all pointing to the conclusion that Black Friday by itself isn’t quite the sales driver it once was.