National
TODAY’S DEALS: Hamilton Zanze Closes Banner September with $170M in Transactions
Hamilton Zanze closes a record-breaking September; Bascom and Carlyle Realty acquire a two-property value-add portfolio in Las Vegas; and a historic downtown Cleveland high rise changes hands.
Economy Watch: SoCal Home Sales Surge in September
Southern California home sales hit a five-year high for September, rising above a year earlier for the first time in 12 months amid gains for mid- to high-end deals, CoreLogic DataQuick reported.
TODAY’S DEALS: Prudential Provides $115.8M for Mixed-Income D.C. Development
A 520-unit development in Northeast Washington, D.C., lands financing; HFF arranges refinancing for two communities in Minnesota and South Dakota; and Capital One Bank closes on a $24 million private placement revenue bond.
New TransUnion Study Finds Big Changes in Last Decade for Consumer Loan Wallet
A new TransUnion study revealed that over the last 10 years, the consumer loan wallet, defined as the composition of loans that people typically carry, has materially changed for both the youngest and oldest segments of the population.
Economy Watch: Stocks in Freefall
Wall Street still has those is-this-a-simple-correction-or-is-it-worse October sliding index blues, with the Dow Jones Industrial Average down 223.03 points, or 1.35 percent for the day.
TODAY’S DEALS: Ginkgo Residential Buys Apartment Communities in Virginia
Ginkgo Residential grabs three assets from Berkshire Property Advisors; Bell Partners buys a 316-unit community in Fort Worth; and Mission Capital arranges $31.4 million in debt and equity financing for a new downtown construction.
Economy Watch: Consumers Expected to Spend More This Holiday Season
The International Council of Shopping Centers forecasts that U.S. holiday retail sales will improve 4 percent this year compared with 2013 (the organization counts sales in November and December as holiday sales).
TODAY’S DEALS: Vesper Acquires 1,002-Bed Student Housing Asset in Tampa
Vesper expands its student housing portfolio in Florida; Marcus & Millichap Capital Corp. arranges $38.5 million in construction financing in Northern California; and Passco Companies acquires a property located in South Carolina for $30.9 million.
Economy Watch: Residential Price Increase Still Slowing
Trulia reported that asking prices for U.S. residential properties rose 0.8 percent in September, up in 92 of the 100 largest metro markets.
TODAY’S DEALS: IMT Acquires 338 Units from Wood Partners in Denver
Wood Partners sells a newly built community in Denver; a Beacon affiliate acquires 204 units in Amherst from an Equity Residential affiliate; and Capital One Bank closes on an $8.6 million Fannie Mae structured Adjustable Rate Mortgage.