National
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.
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.