National
JBG Teams with STRS Ohio on Arlington County Mixed-Use Development
The JBG Cos. has entered into a joint venture partnership with the State Teachers Retirement System of Ohio to develop Central Place, a 31-story, mixed-use development in Roslyn, Va.
Economy Watch: ADP Says 175k Jobs Added in January
Job growth remains steady in spite of winter weather according to analysis of the latest ADP numbers. In addition, the Fed reports that most domestic banks are easing their lending standards on a variety of business and consumer loans.
Starwood Spins Off Single-Family Rental REIT
Shares in Starwood Waypoint Residential Trust, a single-family rental real estate investment trust, have started regular trading on the New York Stock Exchange under the ticker symbol SWAY.
TODAY’S DEALS: NorthMarq Arranges $25.8M Refi for Texas Student Housing
NorthMarq arranges $25.8 million for a 1,006-bed property serving Texas A&M; Grandbridge Real Estate Capital closes $27.0 million for an apartment in Georgia; and a five-unit Brooklyn apartment sets a record price per square foot in Prospect Heights.
Video – Reis Q4 2013 Apartment Trends
Reis VP of Economics & Research, Dr. Victor Calanog, provides an update on the apartment sector performance for the fourth quarter of 2013.
Economy Watch: CBO Says Budget Deficit Shrinking for Now
The Congressional Budget Office estimates a $514 billion deficit for 2014. In addition, CoreLogic reports that year-over-year home prices are up 11 percent for December, though the trend points to a plateau.
Freddie Mac Singles Out Top 2013 Multifamily Lenders
After a year that saw Freddie Mac settle nearly $26 billion in new multifamily volume, its second largest figure ever following a banner 2012, the GSE announces its top lenders for 2013.
ULI and Enterprise Release Comprehensive Affordable Housing Solutions Report
The supply gap between affordable rental units and extremely low-income renters continues to widen. ULI and Enterprise Community Partners address the issues surrounding the availability of affordable housing in their new report: Bending the Cost Curve.
TODAY’S DEALS: Virtú Investments Enters Colorado with $16.6M Apartment Acquisition
Virtú Investments buys a 186-unit asset in Castle Rock, Colo.; Trade Street closes on a $75 million credit facility; and IPA sells a development site in Manhattan’s Hudson Yards subdistrict.
Economy Watch: Investors Head for the Exits
While investors continue to stare down a potential market correction, good news in the multifamily sector comes from the NAHB’s 55+ Housing Market Index and the Census Bureau.