National
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.
Economy Watch: IMF Says Global Recession Risk Small
The International Monetary Fund said that the risk of another global recession isn’t as high now as it has been in recent years, attributing the declining risk to stronger-than-expected recoveries in the developed world, such as the United States, Germany and the U.K.
Economy Watch: Federal Deficit Still on Downward Track
The federal government ran a budget deficit of $413 billion for the first six months of fiscal year 2014 (beginning Oct. 1, 2013), the Congressional Budget Office reported.
TODAY’S DEALS: The Bassuk Organization Closes $73.5M for NYC’s Chelsea Tower
The Bassuk Organization closes $73.5 million with TIAA-CREF for a luxury apartment community in New York; ARA arranges a 352-unit sale in Washington; and HFF brokers a $5.65 million sale, and closes a three-year, interest-only, loan for the acquisition of an apartment community.
Economy Watch: Employment Metrics Not Bad in March
The increase in U.S. jobs in March (up 192,000) was welcome news to those worried that something more deleterious than cold weather had hit the economy during the winter.