National
Economy Watch: QE3 Almost Gone, But Interest Still on Hold
The Federal Reserve’s unprecedented stimulus of the economy, sometimes known by the shorthand QE3, seems to be on its last legs.
Economy Watch: Poverty Rate Edges Down, Number of People in Poverty the Same
The U.S. official poverty rate in 2013 was 14.5 percent, down from 15 percent in 2012, the Census Bureau reported.
TODAY’S DEALS: Allianz Provides Permanent Financing for Class A Cincinnati Asset
HFF arranges permanent financing for a Flaherty & Collins property; Berkadia arranges nearly $80 million for a multifamily portfolio in Los Angeles; and National Cooperative Bank originates $60.5 million in new loans during August.
Economy Watch: OECD Forecasts Continued Tepid Growth
The Paris-based Organization for Economic Co-operation and Development released its latest forecasts for economic growth in various parts of the world, revising them downward in some cases, especially for the euro zone.
TODAY’S DEALS: Capital One Bank Provides $277M Construction Loan for Brooklyn Waterfront Apartments
Capital One Bank announced it completed the syndication of a $277 million construction loan for a ground up development; ARA brokers Pauls Corp.’s sale of 21 Fitzsimons; and Ross taps Federal Capital Partners to recapitalize 2,044 units in Washington, D.C.
Time Equities Unveils Artist-in-Residence Program for New NYC Tower
Time Equities has launched an artist-in-residence program for its 50 West development, a 64-story residential tower currently under construction in the Downtown neighborhood of Lower Manhattan.
Economy Watch: Retail Sales Grow in August
Americans had an itch to buy more in August, according to the Census Bureau.
TODAY’S DEALS: Onex, New York Life Insurance Sell 1,056-Unit Portfolio
IPA brokers sell three Midwest assets for a partnership between Onex and New York Life Insurance; a joint venture between The Kalikow Group and EYC Companies completes a sale in North Carolina; and EverBank funds a $2 million loan for the acquisition of a six-apartment property.
Economy Watch: Demand Growth for Oil Slows Worldwide
In its Oil Market Report for September, the International Energy Agency has lowered its forecast for global oil demand for the third month running.
TODAY’S DEALS: Development Site Trades Hands in Boca, 378 Units in the Works
ARA brokers a $22.3 million land sale in Boca Raton; Capital One Bank closes a $70M Fannie Mae loan; and Marcus & Millichap arranges the sale of an REO asset in Tampa.