National
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.
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.