National
Economy Watch: Debt-Ceiling Deal Possible
No agreement about the looming debt ceiling or the shutdown of the federal government had been reached—but that didn’t stop reports of a possible short-term agreement on the most pressing of those two fiscal situations, namely the debt ceiling.
TODAY’S DEALS: Resource Real Estate Buys Two Colorado Apartments
Resource Real Estate Opportunity REIT completes a two-property, $54.9 million buy; NorthMarq arranges $25.9 million for an acquisition in North Carolina; and Houlihan-Parnes arranges a $1.5 million financing for a three-family brownstone building in Brooklyn, N.Y.
J Turner Research Survey Answers the Question: ‘What Do Residents Want?’
J Turner Research conducted a national survey based on “What Do Residents Want? Trends in Resident Technology & Communication Preferences,” a panel discussion held at the 2012 National Apartment Association Education Conference and Exposition. The survey looked at online apartment search patterns, behaviors and preferences at 1,231 apartment properties across the country.
Economy Watch: FOMC Warns About Foolish Policy, Debates QE3
The Federal Open Market Committee released the minutes of its Sept. 17-18 meeting on Wednesday, and it was clear the central bankers saw one thing coming.
TODAY’S DEALS: CBRE Global Investors Completes a 734-Unit Acquisition
HFF arranges a 734-unit sale in Houston; PCCP provides $41 million for a mixed-use development in Sacramento; and HFF secures a $6.4 million CMBS takeout loan for a downtown mixed-use community.
Economy Watch: Americans Nervous About Economy
These are nervous days. Gallup reported on Tuesday that Americans’ confidence in the economy has deteriorated more in the past week during the partial government shutdown than in any week since Lehman Brothers collapsed in Sept. 2008.
TODAY’S DEALS: Raymond James Completes $195M LIHTC Fund
Raymond James completes a construction/rehab LIHTC fund; Greysteel arranges a 100-unit sale in Maryland; and distressed communities to get a $100 million lift from Bank of America, Enterprise and LISC.
Economy Watch: U.S. Top Oil and Gas Producer in the World
Not much economic data is coming from the federal government these days, but the U.S. Energy Information Administration did manage to release a report on American oil and natural gas production.
TODAY’S DEALS: Steadfast Income REIT Acquires Three Apartment Communities
Steadfast completes acquisitions in Texas and Tennessee; ARA brokers a 419-unit Dallas portfolio sale; and NorthMarq Capital arranges financing of $10.24 million for a mixed-use project.
Economy Watch: The Impasse Drags On
The federal government shutdown continued throughout the weekend, though the House voted unanimously on Friday to pay furloughed government workers, who number about 800,000, for the time they’re spending furloughed.