National
TODAY’S DEALS: NGKF Completes $30M Sale of Flushing Redevelopment Site
A NGKF sale paves the way for a mixed-use development; Spirit Bascom Ventures acquires its second N.Y. property in a $33.1 million transaction; and Centerline closes $28.3 million in Fannie Mae financing for a multi-property deal in the Southeast.
Risk Mitigation 101: Insurance Best Practices for Apartment Owners
Five steps apartment owners can take to mitigate risk.
Economy Watch: New Housing Starts Rise in November
Private housing starts in November came in at an annualized rate of 1,091,000 units, according to the Census Bureau.
TODAY’S DEALS: Carroll Organization Acquires 298 Units in Orlando
Carroll Organization completes a $36.6 million buy; Kennedy Wilson expands with $160 million in West Coast acquisitions; and Walker & Dunlop arranges $43.5 million acquisition financing with interest-only terms.
Economy Watch: CPI Doesn’t Move in November
The Consumer Price Index for All Urban Consumers didn’t budge in November, according to the Bureau of Labor Statistics.
TODAY’S DEALS: Berkeley Point Capital Arranges $63M for Texas Apartment Acquisitions
Berkeley Point Capital arranges financing for the Steadfast acquisitions; IPA brokers a $47 million sale in Los Angeles; and BMC Capital provides a $1.29 million cash-out refinance loan.
Builder Confidence Rises Four Points in December, Says NAHB
Builder confidence in the market for newly built, single-family homes improved four points to a 58 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December.
Economy Watch: Industrial Production Surpasses ’07 Level
The Federal Reserve reported that U.S. industrial production increased 1.1 percent in November, compared with a decline of 0.1 percent in October.
APARTMENT MARKET STATISTICS: December 2013
Banks are increasing their construction loans for the first time since 2007, according to Chandan Economics.
TODAY’S DEALS: Brookline Buys Oregon Apartments from Matteson Cos.
ARA brokers a sale outside of Portland, Ore.; Canyon Capital Realty and Bank of America invest in a Maryland TOD development; and CBRE/New England brokers the AEW sale of a property to AvalonBay.