National
Multi-Housing Refinancing Dilemma: Pay Now, Or Lock In Later?
Should an investor shoulder that pre-pay penalty now and refinance, or does it make sense to wait a year or two?
Economy Watch: Homebuilders a Little More Optimistic
The National Association of Home Builders reported that that the NAHB/Wells Fargo Housing Market Index, which gauges builder confidence in the market for newly built, single-family homes, rose one point to 47 in April from a downwardly revised March reading of 46.
TODAY’S DEALS: Banner Essex Acquires 274 Units in Charlotte
Banner Essex Strategic Fund II completes its second buy; a condominium-entitled apartment trades hands for $14.2 million in Oceanside, Calif.; and The Greysteel Co. is retained as the exclusive agent for the sale of a 28.64-acre property in Northern Virginia.
Economy Watch: Retail Sales See Healthy Uptick
The Census Bureau reported that retail and food services sales for March, adjusted for seasonal variation and holiday and trading-day differences—but not for price changes—came in at $433.9 billion, an increase of 1.1 percent from February.
TODAY’S DEALS: MIG Snaps Up 168-Units in Denver
ARA brokers an apartment sale outside Denver; San Antonio Commercial Advisors completes a value-add transaction in San Antonio; and Bernard Financial arranges a $5.2 million loan.
Economy Watch: Consumers Feeling Better About Current Conditions, Outlook
The preliminary Reuters/University of Michigan consumer sentiment index for April came in at 82.6, according to the university, an increase from 80.0 at the end of March, and 79.9 in mid-March. The latest reading is the highest since last summer.
ULI Spring 2014: Smart Moves for Smart Capital
While institutional capital isn’t necessarily known for its flexibility and innovation, an environment of accelerating change in business conditions has some companies adjusting their strategies for securing high yields while minimizing risk.
Economy Watch: Initial Unemployment Claims Lowest in Seven Years
For the week ending April 5, initial unemployment claims came in at 300,000, a sharp decrease of 32,000 from the previous week’s revised level, according to the U.S. Department of Labor.
ULI Spring 2014: The Business Case for Resilience
As the frequency and intensity of catastrophic natural disasters increase, the real estate community has shifted a focus on how to build and retrofit cities to withstand their impacts.
Economy Watch: Fed Doesn’t Want to Raise Rates
According to the minutes of the most recent Federal Open Market Committee meeting the committee said (in central-bank language) that 6.5 percent U.S. unemployment was no magic number.