National
Economy Watch: Existing Home Sales Up in June
The National Association of Realtors reported that total existing-home sales rose in June by 2.6 percent month-over-month to an annualized rate of 5.04 million units, compared with 4.91 units million in May.
Economy Watch: Chicago Fed Says Economy Still Growing
The Chicago Fed National Activity Index edged down to +0.12 in June from +0.16 in May, according to the Chicago Fed.
Economy Watch: Consumer Sentiment Up in June
Despite outbreaks of international brouhaha, American consumers were a little more optimistic in June than in May, though not quite as much as economists had expected.
TODAY’S DEALS: Investors Bank Maintains Strong MF Volume in 2Q14
Investors Bank maintains a strong multifamily lending pipeline during the second quarter; Marcus & Millichap brokers the sale of a 120-unit asset in Victoria, Texas; and NorthMarq negotiates a $13 million refinance.
Economy Watch: Housing Starts Slid in June
U.S. housing starts in June came in at an annualized rate of 893,000 units, according to the Census Bureau on Thursday.
TODAY’S DEALS: Waypoint Residential Buys 272 Units in Florida
IPA brokers a $25.3 million sale in Florida; HFF arranges refinancing for two Class A assets in Stafford, Texas; and RailField Realty, whose founders include former Fannie Mae multifamily head Ken Bacon, closes its first major acquisition.
Economy Watch: Beige Book Says Economy Still Growing
According to the latest Beige Book, which was released by the Federal Reserve, all 12 Federal Reserve Districts reported expanding economic activity.
TODAY’S DEALS: Berkadia Secures More Than $156M in Financing for Capital Senior Living
Berkadia Commercial Mortgage arranges $156.6 million in financing for a portfolio of 15 seniors housing properties; Walker & Dunlop structures a $70.5 million loan for a Boston-area acquisition; and EdR sells two student housing communities for a combined $29.9 million.
Economy Watch: Retail Sales Up Modestly in June
Retail sales were up 0.2 percent in June compared with May, according to the Census Bureau, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes. Total sales for the month came in at $439.9 billion, up 4.3 percent from June 2013.
TODAY’S DEALS: Pillar Originates $20.7M HUD Loan
Pillar originates a $20.7 million acquisition and rehabilitation loan for an affordable asset in Michigan; HFF arranges $8.5 million for a 244-unit community in Tampa; and Boston Capital provides capital for two LIHTC properties in North Carolina.