National
TODAY’S DEALS: Meridian Capital and Beech Street Arrange $90.4M for Five California Apartment Assets
Meridian, Beech Street arrange refinancing for five apartment assets; Champion buys a 304-unit rental in Ohio; and Centerline refinances a multifamily property for $3.4 million.
Economy Watch: Banks Loosen Lending Standards on Business Loans
The Federal Reserve reported in its October 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices that U.S. banks have eased their lending standards in some cases, while experiencing little change in the demand for some kinds of loans over the past three months.
TODAY’S DEALS: ARA Reps Sale of Newly Delivered Charlotte TOD Apartment
ARA sells a 208-unit apartment for Proffit Dixon Partners; and Equus Capital Partners completes a $47 million sale in Nashville.
Economy Watch: Manufacturing Sector Continues Expansion
Activity in the U.S. manufacturing sector expanded in October for the fifth month in a row, and the nation’s overall economy grew for the 53rd consecutive month, according to in the Institute for Supply Management’s latest Report On Business.
TODAY’S DEALS: Winthrop Acquires Four Class A Assets for $246M
Winthrop Realty Trust buys 761 units; TruAmerica buys a California community for $81 million; and Grandbridge arranges $26.5 million in financing for two California properties.
Economy Watch: Federal Deficit Shrinks in Fiscal ’13
The U.S. Department of the Treasury said that the federal government ran a $75 billion surplus during September, which was the last month of fiscal 2013.
TODAY’S DEALS: Grandbridge Arranges $26.5M for California Apartments
Grandbridge arranges financing for two California assets; Associate Estates acquires an apartment community in Charlotte; and NorthMarq arranges $4.12 million in acquisition loans.
Economy Watch: Fed Says No Taper for Its Stimulus
The Federal Open Market Committee said that it plans to continue to stimulate the United States via its continuous (monthly) bond-buying program—at $85 billion a month—and isn’t going to taper that figure just yet.
Economy Watch: Case-Shiller Reports Continued Residential Price Hikes
Standard & Poor’s released the latest Case-Shiller home price indexes on Tuesday, and as expected, they indicated rising prices in a lot of markets.
TODAY’S DEALS: HFF Closes Sale of N.J. Development Site
A 25.4-acre fully approved site trades hands; Clarion Partners buys a student housing asset in Tucson; and Meridian Capital negotiates $43 million in financing for properties in New York.