National
Economy Watch: Housing Starts Stagnate in February
Housing starts in February came in at an annualized rate of 907,000 units, according to the Census Bureau.
TODAY’S DEALS: Centerline Provides Acquisition, Renovation Financing for Florida Asset
Centerline provides a Related affiliate with acquisition and renovation financing; Greystone closes $40.4 million for a Tennessee community; and Meridian Capital negotiates $39.3 million in financing for mixed-use properties in New York and New Jersey.
Housing Starts Hold Steady in February, According to NAHB
Nationwide housing starts were virtually unchanged in February, inching down 0.2 percent to a seasonally adjusted annual rate of 907,000 units, according to newly released data from the U.S. Department of Housing and Urban Development and U.S. Census Bureau.
Economy Watch: Homebuilders a Little Less Glum
Builder confidence in the market for new single-family homes rose one point in March to 47 on the National Association of Home Builders/Wells Fargo Housing Market Index.
TODAY’S DEALS: Trade Street Acquires Raleigh Apartments
Trade Street Residential picks up a property from Woodfield Investments; NorthMarq Capital finalizes $10 million in bank financing for a newly constructed property; and HFF secures acquisition financing for a Houston property.
Economy Watch: Consumers Grumpier in March
The Reuter’s/University of Michigan’s consumer sentiment index dropped a little more than expected for its mid-March reading.
MIG Buys Denver-Area Apartments
MIG Real Estate acquires Copper Terrace Apartments, a 168-unit multifamily property in the Denver suburb of Centennial.
CRE Execs Mostly Optimistic About MF
Multifamily has had a good run in recent years, and according to the results of the Akerman 2014 Industry Outlook, the sector is expected to keep running a while longer. The report was released this week at the law firm’s fifth annual U.S. real estate summit in Miami.
TODAY’S DEALS: Raleigh Apartment Community Trades for $12M
MHA brokers a 200-unit sale in Raleigh, N.C.; Berkadia arranges $50 million for a retirement community in Portland, Ore.; and Franklin Street brokers the $2 million sale of a Georgia apartment property.
TODAY’S DEALS: NorthMarq Secures $12M Refinance for Oregon Multifamily Asset
NorthMarq arranges a $12 million refinance for a 207-unit asset; Hamilton Zanze buys a Las Vegas apartment community; and Hybrid Capital arranges $8.5 million in financing for 80 units in Brooklyn, N.Y.