National
TODAY’S DEALS: PCCP Provides Northland with $98M for Massachusetts Development
Northland Investment Corp. lands $98 million for a mixed-use development; NorthMarq refinances a student housing portfolio in Idaho; and HFF arranges an $8 million financing through Sun National Bank.
Economy Watch: Home Values Still Rising, But Not As Fast
S&P Dow Jones Indices released the latest S&P/Case-Shiller Home Price Indices (based on data through March), which showed that the 10-City and 20-City Composite Indices gained 0.8 percent and 0.9 percent respectively month-over-month.
TODAY’S DEALS: Greysteel Closes 200-Unit TOD Sale in Virginia
Federal Capital Partners grabs a Virginia asset; Orion lands a management gig in Houston; and Centerline Capital facilitates a $18.5 million funding of an acquisition.
Economy Watch: New Home Sales See Uptick in April
Sales of new single-family houses came in at an annualized rate of 433,000 units in April, according to the Census Bureau and HUD.
TODAY’S DEALS: Cushman & Wakefield Arranges Orlando Fractured Condo Sale
Cushman & Wakefield advises a Madison Capital Management affiliate on a fractured condo sale; Castle Lanterra enters Chicago with a $28.5 million, 425-unit buy; and Largo Group arranges a seven-year, $32.75 million permanent loan.
Economy Watch: Existing Homes Sales Rise in April
The National Association of Realtors reported that total existing-home sales rose 1.3 percent in April to an annualized rate of 4.65 million units, compared with 4.59 million units in March.
TODAY’S DEALS: Resource Real Estate Buys Two Atlanta Apartment Assets
Resource Real Estate Opportunity REIT grabs 359 units in Atlanta; Aragon Holdings acquires a two-property portfolio in Denver; and NorthMarq Capital arranges a $20.5 million Freddie Mac refinancing loan.
Economy Watch: FOMC Mulls Monetary Policy Normalization
Monetary policy hasn’t been normal for quite a while now, and investors, economists and other observers have been wondering out loud when that’s going to change.
TODAY’S DEALS: Newly Completed Austin Community Trades Hands
Oden Hughes sells a 2013-built asset in Austin; TD Bank funds a $17.3 million loan for the acquisition of apartment units; abd Boston Capital invests in a Texas LIHTC development.
Economy Watch: Negative Equity Continues to Drop
Zillow has released its latest Negative Equity Report, which says that the national negative equity rate was 18.8 percent in the first quarter of 2014 (that is, the percentage of mortgaged owner-occupied homes with negative equity).