National
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.
Ocean Land Set to Begin Work on Fort Lauderdale Condos
Ocean Land Investments has unveiled designs for two Fort Lauderdale condo developments that recently received city approval.
TODAY’S DEALS: Wood Partners, Boston Capital JV Sell Arizona Apartment Asset
Baron Properties picks up an Arizona asset from a joint venture; NorthStar Income II originates a $39.2 million senior loan secured by a Virginia apartment; and Eastern Consolidated markets a Queens, N.Y. beachfront apartment property for $7.9 million.
TODAY’S DEALS: Natixis Provides Post Brothers with $148M for Apartment Acquisition
Natixis provides financing for a Philly acquisition and renovation; Centerline refinances a multifamily property in Oak Park, Ill.; and Eastern Union Funding arranges $8 million in construction financing in Philadelphia.
Economy Watch: Most Industries Hiring in February; Trade Deficit Drops
Most categories of employment saw some kind of net increase during February. Also, total January exports and imports resulted in a U.S. goods and services deficit of $39.1 billion, down from $42 billion in January 2013.