National
Economy Watch: GSEs to Ease Lending Standards
Though recovered from its worst days during the recession, it’s generally acknowledged that the U.S. housing market hasn’t recovered as much as it could have, especially compared with other post-recession periods.
Economy Watch: Housing Starts Bounce Back in September
Privately owned U.S. housing starts in September were at an annualized rate of 1.017 million units, according to the Census Bureau.
TODAY’S DEALS: Behringer Harvard Buys 2013-Built Dallas Apartments
Behringer Harvard buys 435 units in Dallas; Charles Dunn Co. completes a $43.3 million sale; and BMC Capital arranges a five-year, floating-rate loan.
Nationwide Housing Starts Top 1 Million for Third Time this Year, Says NAHB
For the third time this year, nationwide housing starts surpassed the million-mark, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Economy Watch: Homebuilders Still Optimistic, But Less So
After four consecutive monthly gains, builder confidence in the market for newly built single-family homes fell five points to 54 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Tallest Residential Building in Western Hemisphere Tops Out in Manhattan
CIM Group and Macklowe Properties have announced the topping out of the building located at 432 Park Avenue in Manhattan, between 57th and 56th streets.
Economy Watch: Consumers Rein in Spending in September
The Census Bureau reported that U.S. retail sales came in at $442.7 billion in September, a drop of 0.3 percent compared with August.
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.