National
Economy Watch: Case-Shiller Shows Continuing Home Price Rises
S&P Dow Jones Indices released the latest S&P/Case-Shiller Home Price Indices, which track U.S. home prices through the end of July (not August), and they showed continued increases.
TODAY’S DEALS: HFF Arranges $47M for an Austin Apartment Community
Suburban Homes lands a $47 million loan for a 528-unit asset; NorthMarq arranges a $14.6 million refinance for a Phoenix apartment community; and Houlihan-Parnes brokers the acquisition of a row house-style community.
Economy Watch: NY Fed President Talks Tapering
Last week’s decision by the Federal Reserve not to taper QE3 left an open question: When will the tapering begin, since presumably it has to sometime?
TODAY’S DEALS: Weinstein Properties Buys into Charlotte with $41.5M Apartment Acquisition
ARA completes a 205-unit sale in Charlotte; The Bascom Group acquires a 336-unit community in Las Vegas; and Thorofare Capital funds a $8.2 million non-recourse loan.
TODAY’S DEALS: Boston Apartment Asset Sells for $53.6M
CBRE/New England brokers a 136-unit sale in Boston; Marcus & Millichap closes a $25.7 million multifamily trade in Harrisburg, Pa.; and C&W brokers a bulk sale of luxury condominiums in Celebration, Fla., by a financial institution.
Economy Watch: Existing Home Sales Rise, According to National Association of Realtors
The National Association of Realtors reported that total existing home sales nationwide rose 1.7 percent to an annualized rate of 5.48 million units in August, compared with 5.39 million in July.
TODAY’S DEALS: JBG, Walton Street Land $99.2M for Mixed-Use Development in D.C.
HFF provides construction financing for a JV development; Canyon Capital Realty Advisors arranges construction financing for a NYC co-op; and Ariel Properties brokers the sale of a walk-up property for $11.1 million.
Economy Watch: Housing Starts Edge Up in August
The Census Bureau reported that U.S. private housing starts were at an annualized rate of 891,000 units in August.
TODAY’S DEALS: StoneBridge Investments Buys Luxury Atlanta Apartment
StoneBridge Investments buys 252 units in Atlanta; NorthMarq arranges $13.6 million for an affordable asset; and Centerline provides a $6.7 million bridge loan to refinance and build-out a 24-unit property.
Economy Watch: Inflation Barely a Whisper
The Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers edged up by 0.1 percent in August compared with July.