National
Economy Watch: Services Sector Growth Slows in December
The services sector of the economy takes a dip in December, though new factory orders increased in November to their highest level since the Census Bureau has been keeping track.
Capri Acquires Stamford Luxury Residential Building for $135M
Capri Capital Partners makes a big statement in Stamford, Conn., with the $135 million acquisition of 101 Park Place at Harbor Point.
TODAY’S DEALS: CBRE/New England Provides $36M for Massachusetts Acquisition
CBRE/New England provides acquisition financing for a $60 million purchase in Malden, Mass.; TGM Associates sells two assets in Kentucky; and NAI Tampa closes on a portfolio of Class A condo properties for $54.5 million.
Manhattan Residential Price Increase Led by Luxury Segment
Town Residential’s fourth quarter Manhattan condo and co-op sales report shows that luxury properties were responsible for most of the upward growth in sales prices.
TODAY’S DEALS: Altman Development Completes $46.8M Disposition
ARA brokers a 360-unit sale in Raleigh, N.C.; NorthMarq arranges a $22.4 million mortgage for a high-rise; and Centerline Capital Group provides $18.8 million for an affordable development in Austin.
Economy Watch: U.S. Auto Sales Up in 2013
Auto sales were up 7.5 percent in 2013, and soon to be ex-chairman Ben Bernanke remains optimistic about the U.S. economy in 2014.
TODAY’S DEALS: Lee & Associates Completes $7.2M Sale in Glendora, Calif.
Lee & Associates completes a 27-unit sale; Summit Healthcare REIT Inc. completes its first purchase since changing names; and Meridian Capital Group arranges mortgages in Brooklyn and Queens.
Economy Watch: Construction Spending Edges Up
U.S. construction spending is at its highest level since March 2009, and unemployment claims decrease for the week ending December 28.
TODAY’S DEALS: PAC Completes $19.9M Apartment Acquisition in Atlanta
Preferred Apartment Communities completes a 140-unit purchase; Steadfast Apartment REIT commences its IPO; and Eastern Consolidated brokers the sale of a Queens development site to a private Chinese investor for $17 million.
Economy Watch: Case-Shiller Home Prices Up in October
Newest S&P/Case-Shiller Home Price Indices show the highest year-over-year gains since February 2006, and consumer confidence rebounds in December.