National
TODAY’S DEALS: KBS Legacy Partners Acquires 240-Unit Asset in North Carolina
KBS Legacy Partners completes a $28 million apartment acquisition; The RADCO Companies picks up a 297-unit multifamily property in Atlanta; and NorthMarq Capital finalizes the $10.2 million refinancing of a USC student housing portfolio.
Economy Watch: Home Starts Take a Dip in January
Housing starts drop 16 percent in January, and the Fed releases minutes hinting that tapering will continue at the slow pace previously seen.
Pembrook Originates Acquisition, Renovation Financing for Denver-Area Apts.
Pembrook Capital Management originates an $18.6 million bridge loan to facilitate the sale of Mountain Vista, a 257-unit multifamily property located in the Denver suburb of Lakewood.
Wood Partners Sees a Strong Lease-Up in Charlotte
Wood Partners has opened Perimeter Lofts, a new 246-unit apartment community in the heart of the booming Northlake area of Charlotte, N.C.
Economy Watch: Did the Stimulus Stimulate the Economy?
The Congressional Budget Office examines the impact of the federal stimulus on its fifth anniversary, and both overseas stocks and commodities see an uptick on Presidents’ Day.
TODAY’S DEALS: Equity Residential Sells Atlanta Apartment to CBRE Global Investors
JLL brokers Equity Residential’s sale of an Atlanta apartment community; Greystone closes a $60.5 million bridge loan in Georgia; and NorthMarq Capital provides refinance loans totaling $17.4 million for two apartments in Minnesota.
TODAY’S DEALS: JV to Renovate 1.5 MSF Dallas Tower
A joint venture acquires vacant Dallas office tower with the intent to convert; a 204-unit, Class A apartment trades for $11.3 million in Ohio; and $2.76M in acquisition financing is closed under Fannie Mae’s Small Loans program
Centerline Capital Unveils New Healthcare Lending Platform
Centerline Capital Group has announced the addition of a national healthcare lending platform. The new program will fund a variety of multifamily healthcare related projects such as community-based residential care, assisted living, memory care and nursing homes.
TODAY’S DEALS: Marcus & Millichap Arranges $14.2M Sale in LA
Marcus & Millichap represents the private buyer and seller in a 71-unit sale; Heritage Capital enters a value-add play in Charlotte; and Eastern Consolidated arranges the sale of a mixed-use property in Tribeca.
Economy Watch: Retail Sales Drop in January
Census Bureau says retail sales are down month-over-month, but up year-over-year. In addition, the MBA reports a 35 percent increase in January single-family sales from December.