National
Economy Watch: Apartment Market Still Strong
The National Multifamily Housing Council Quarterly Survey of Apartment Market Conditions found that U.S. apartment markets expanded across all four areas that the organization measures.
TODAY’S DEALS: American Realty Advisors Buys an L.A. Asset from Dinerstein
American Realty Advisors buys a Los Angeles asset; Marcus & Millichap sells 336 units in Indianapolis; and M&P purchases two San Diego properties for more than $2 million.
Economy Watch: Pending Home Sales Edge Up in September
The National Association of Realtor’s Pending Home Sales Index, which is a forward-looking economic indicator based on contract signings (but not closings), inched upward to 105.0 in September from 104.7 in August, and is now 1 point higher than in September 2013, when it was 104.0.
TODAY’S DEALS: Weidner Makes Entry in Oklahoma with 324-Unit Purchase
ARA brokers the sale of a newly built asset in Oklahoma City; CBRE Global Investors grabs a 348-unit asset near Portland; and NorthMarq Capital finalizes a $12.4 million refinance.
Economy Watch: New Home Sales Edge Up in September
The Census Bureau reported that the sale of new single-family houses nationwide came in at an annualized rate of 467,000 units in September, up 0.2 percent from August. The year-over-year increase is healthier, however, up 17 percent since September 2013.
Economy Watch: FHFA Home Price Index Sees Late Summer Uptick
U.S. house prices saw an unusually strong uptick in August compared with July, according to the Federal Housing Finance Agency monthly House Price Index.
Economy Watch: CPI Barely Moves in September
Inflation is at a very low ebb in the United States these days. The Bureau of Labor Statistics reported on Wednesday that the Consumer Price Index for All Urban Consumers increased 0.1 percent in September compared with August.
Jonathan Rose Companies and TIAA-CREF Announce Preservation Fund
TIAA-CREF and Jonathan Rose Companies have unveiled the Rose Affordable Housing Preservation Fund LLC—a $51.6 million fund seeded by the two organizations that will help with the acquisition and improvement of affordable and mixed-use housing in strategic major metros in the United States.
Economy Watch: Existing Home Sales See September Uptick
The National Association of Realtors reported on Tuesday that total U.S. existing-home sales, which are completed transactions that include single-family homes, townhomes, condos and co-ops, increased 2.4 percent in September to an annualized rate of 5.17 million units, compared with 5.05 million units in August.
TODAY’S DEALS: Veritas Urban Properties Lands $7.5M for San Diego Development
HFF arranges $7.5 for a 36-unit development in San Diego; NorthMarq secures $23.2 million for a RADCO acquisition in Colorado; and Equicap arranged an $18 million condo construction loan in New York.