National
TODAY’S DEALS: Grosvenor Americas Acquires San Francisco Apartment Asset
Grosvenor Americas buys 195 units; Marcus & Millichap brokers a 31-unit sale in Virginia; and NorthMarq Capital arranges a $20.3 million Freddie Mac mortgage.
Apartment and Condominium Market Gains Momentum in Second Quarter, According to NAHB
Production of apartments and condominiums gained momentum in the second quarter of 2013, according to the latest Multifamily Production Index, released today by the National Association of Home Builders.
Economy Watch: Pending Home Sales Dip
Upward-creeping mortgage interest rates seem to be affecting home sales, or least pending sales in some markets.
TODAY’S DEALS: American Communities Acquires Three Assets in North Texas
American Communities buys in Plano and Irving, Texas; Pembrook Capital closes $20 million for a Brooklyn refinancing; and Walker & Dunlop completes $394.58 million in financings in Texas.
Economy Watch: Case-Shiller Indices Still Going Up
S&P Dow Jones Indices reported that the Case-Shiller Home Price Indices continued to increase as of June.
TODAY’S DEALS: Northwestern Mutual Provides Gables with a $233M Refinance
Northwestern Mutual helps Gables Residential refinance a 19-property portfolio; HFF secures $21.4M for a Oregon development; and Alliant Capital completes an $8.99 million 10-year refinancing loan.
Case-Shiller Shows Strong Metros Except in D.C.
Peter Muoio, senior principal and economist with Auction.com Research, says Case-Shiller Home Price Indices for June may be strong but the headline downplays drastic regional differences.
Economy Watch: Mortgage Delinquencies Drop in July
Lender Processing Services, in its First Look report for July, said that the percentage of delinquent U.S mortgage loans decreased from 6.68 percent in June to 6.41 percent in July, and from 7.03 percent in July 2012.
TODAY’S DEALS: WNC Closes $150.5M Fund to Acquire LIHTC Properties in 18 States
WNC announces it has closed WNC Institutional Tax Credit Fund 38 LP; Breeden Realty buys a 300-unit asset in an ARA-brokered sale; and Marcus & Millichap arranges a 34-unit sale in Colorado.
Economy Watch: New Home Sales Take Dip in July
Sales of new single-family houses in July 2013 were at an annualized rate of 394,000 units, according to the Census Bureau.