National
TODAY’S DEALS: Kushner, Extell Grab Oceanfront Mixed-Use Asset in N.J.
Kushner and Extell buy an oceanfront asset with expansion plans; Steadfast Apartment REIT completes its second buy in Georgia; and NC Pepe Corp. sells a property in Brooklyn’s Williamsburg.
Economy Watch: Residential Price Increases Still Slowing Down
The deceleration of residential prices continues apace, according to the latest S&P/Case-Shiller Home Price Indices.
TODAY’S DEALS: StarPoint Grabs 259 Units in Los Angeles County
StarPoint completes a $51.8 million acquisition; Marcus & Millichap brokers a 26-unit sale in Illinois; and NorthMarq Capital arranges $11.86 million in Fannie Mae acquisition financing.
Economy Watch: World Bank Warns of Long-Term Economic Dislocation from Climate Change
The World Bank released a report on the long-term impact of climate change, focusing on the affect on the “lives and livelihoods” of people in three parts of the world.
TODAY’S DEALS: Greystone Closes $43.7M Affordable Transaction in Alabama
Greystone has closed a $43.7 million affordable housing transaction in Alabama; NorthMarq secures $103.7 million for a Texas portfolio; and Berkadia structures $55 million for the construction of a multifamily property located in a master-planned community.
Fannie Mae Partners with Detroit Land Bank Authority to Stabilize Neighborhoods
Fannie Mae has partnered with the Detroit Land Bank Authority to help stabilize neighborhoods hard-hit by foreclosure.
Economy Watch: State Unemployment Rates Edge Down
Unemployment rates decreased in 34 states and the District of Columbia in October compared with September, while five states suffered increases and 11 states had no change, the Bureau of Labor Statistics reported.
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.