National
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.
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.