National
TODAY’S DEALS: Alliance Residential JV Completes $160M Apartment Acquisition
JLL arranges a 549-unit sale in Coronado, Calif.; Capstone Real Estate Services lands a 10-property management gig; and Grandbridge finances a $27.8 million construction/permanent loan for the development of a seniors housing property.
New-Home Sales Up Sharply in October Says NAHB
Sales of newly built, single-family homes rose 25.4 percent to a seasonally adjusted annual rate of 444,000 units in October, according to data released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Economy Watch: Home Price Increases Slowing Down
CoreLogic reported that the increase in home prices nationally—including distressed sales—slowed down in October, rising only 0.2 percent compared with September.
TODAY’S DEALS: Continental Realty Corp. Buys Florida Apartment from Praedium
ARA brokers a sale in Naples, Fla.; NorthMarq arranges $21.7M to refinance two apartments; and Marcus & Millichap arranges a $5.3 million multifamily mid-rise acquisition loan.
Obama Administration Expands Better Buildings Challenge to Multifamily Housing, Launches New Programs to Boost U.S. Energy Efficiency
Building on $2 billion in financing commitments from the private sector for energy efficiency updates to commercial buildings under the President’s Better Buildings Challenge, the U.S. Departments of Energy and Housing and Urban Development expanded the Challenge to multifamily housing and launched the Better Buildings Accelerators to support state- and local government-led efforts to cut energy waste and eliminate market and technical barriers to greater building efficiency.
Economy Watch: More Shop Over Thanksgiving Weekend, But Spent Less
The National Retail Federation reported that more than 141 million Americans did some kind of shopping over the Thanksgiving holiday (Thursday to Sunday), compared with 139 million over the same period last year.
TODAY’S DEALS: Cassidy Turley Arranges JBG’s $222M Sale of Newly Constructed Multifamily Properties
Cassidy Turley announced that it represented The JBG Cos. in the sale of the newly completed Sedona and Slate, located in Arlington, Va.; Cushman & Wakefield arranges the sale of 163 condos in Florida; and Arc Capital acquires a 139-unit apartment community in Austin.
Economy Watch: GSE Delinquencies Continue to Drop
Fannie Mae reported that its single-family serious delinquency rate declined from 2.55 percent in September to 2.48 percent in October.
TODAY’S DEALS: Holland Partner Group, Heitman Affiliate Buy an Oregon Apartment Asset
HFF brokers the joint venture sale of an apartment community in Beaverton, Ore.; Canyon Capital Realty Advisors provides $42 million in construction financing to Griffin Real Estate Management; and Beech Street Capital funds a $13.4 million Fannie Mae refinance loan.
Economy Watch: U.S. Housing Price Rise Slows
S&P Dow Jones Indices reported the latest S&P/Case-Shiller Home Price Indices, which cover the three months ending in September.