National
Economy Watch: Cost of the Shutdown
No sooner was the federal government shutdown over on Thursday than estimates of its cost to the U.S. economy were being published.
Economy Watch: The Time Bomb Ticks Louder
There was more uncertainty and inconclusiveness on Capitol Hill on Tuesday as the putative date of default (Thursday) got very close indeed.
Economy Watch: Debt Ceiling Raised, Gov’t Open (For Now)
There’s nothing like a deadline to inspire action, so finally on Wednesday, Congress voted to raise the debt ceiling so that the federal government doesn’t default on existing obligations, and end the partial shutdown of government operations.
TODAY’S DEALS: Peak Capital Partners Acquires a 434-Unit Apartment in Denver
Peak Capital Partners acquires a Denver asset from Prime Residential; Centerline Capital finances a Houston acquisition; and HFF arranges a $62.4 million construction loan for condo development in Manhattan’s Greenwich Village.
TODAY’S DEALS: Ytech Acquires Five Communities for $35M
Ytech International acquires 1,312 units in Houston; NorthMarq Capital secures $24.1 million for a Houston acquisition; and Arbor Commercial announces its New York office funded $79M in loans.
TODAY’S DEALS: Canyon Catalyst Fund Acquires a Pair of Bay Area Apartments
The Canyon Catalyst Fund and Sack Properties buy two Bay Area apartment assets; Coseo Properties completes a Michigan multifamily acquisition; and BMC completes an $18.5 million cash-out refinance in a tertiary market.
Economy Watch: Close But No Cigar
As of Monday night, the debt-ceiling standoff was reportedly close to resolution—at least if word from the various top Senators involved could be taken at face value—but no resolution had been achieved.
TODAY’S DEALS: Security Properties Buys 584 Apartment Units in Portland
ARA brokers a $64.5 million apartment portfolio sale in Portland; Newmark Grubb Knight Frank closes a three-property acquisition in Georgia; and IPA arranges a 121-unit purchase in Stamford, Conn.
Economy Watch: No Debt-Ceiling Debt Yet
A debt-ceiling and shutdown deal seemed possible on Friday, but things seemed to go retrograde over the weekend.
TODAY’S DEALS: Tampa Apartment Community Trades for $32M
IPA completes a 340-unit sale; BankUnited provides $30 million to refinance a property in Queens, N.Y.; and HFF closes a $35 million sale of a development site in Manhattan’s Hudson Yards.