National
Economy Watch: Home Price Rises Stall, Foreclosures Slow
Black Knight Financial Services released its latest Home Price Index report, which is based on January 2014 residential real estate transactions. There was no increase nor decrease month over month. Since last year, the index increased 8 percent, a slight drop in the rate from recent months.
TODAY’S DEALS: Phoenix Realty Group Buys Connecticut Apartments
CBRE brokers a $27.5 million Connecticut apartment sale; Virtu Investments picks up an Austin apartment asset; and GFI completes the sale of a walk-up for $2.3 million in Brooklyn, N.Y.
Economy Watch: Fitch Affirms Stable Outlook for U.S. Debt
The rating agency Fitch affirmed various kinds of U.S. public debt at a rating of AAA, with a stable outlook.
Economy Watch: Home Sales Edge Down in February
Existing home sales dropped by 0.4 percent month-over-month in February, according to the National Association of Realtors.
Charting a Course Through a New Multifamily Lending Landscape
Investors need to plan ahead for the third-party due diligence requirements of lenders. Some of these requirements have changed.
TODAY’S DEALS: Thackeray Partners, Greystar Land $25.2M Refinance for Florida Development
HFF arranges a refinance for a newly built Florida asset; Resource Real Estate sells a Philly high-rise to Treetop; and Beech Street closes a $34 million term loan to refinance a property.
Economy Watch: Tapering Continues, and So Do Low Interest Rates
The Federal Open Market Committee said that U.S. economic growth slowed during the winter months, mainly because it’s been a hard winter.
TODAY’S DEALS: Carmel Partners Completes Orange County Apartment Sale
JLL brokers Carmel Partners sale of a 194-unit community; Cocke Finklestein grabs a Virginia asset for $14.1 million; and NorthMarq Capital finalizes $21 million in life company financing for an acquisition.
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.