National
TODAY’S DEALS: The Abbey Group Lands $123.6M for Boston Apartment Development
HFF arranges a $123.6 million construction loan; UC Funding provides a $16.8 million loan for a San Antonio acquisition; and Principal Real Estate Investors completes a $15 million disposition in Arizona.
Economy Watch: Consumer Credit Sees Uptick
The Federal Reserve reported that U.S. consumer credit was up again, increasing at an annualized rate of 4.5 percent in July.
TODAY’S DEALS: Alex. Brown, Chartwell Acquire 383-Unit Apartment in Charlotte
ARA brokers a $23.8 million sale in Charlotte; CBRE/New England’s Capital Markets team completes a $22.3 million sale in Plymouth, Mass.; and NorthMarq’s Kansas City Office arranges $29 million in financing for two properties.
Record High 291 Housing Markets Listed as Improving in September, According to NAHB
A total of 291 metropolitan areas across the country now qualify as improving housing markets, according to the National Association of Home Builders/First American Improving Markets Index (IMI) for September.
Economy Watch: The Economy Creates 169k Jobs in August
The Bureau of Labor Statistics reported on Friday that the U.S. economy created 169,000 jobs in August, lower than the average increase for the last 12 months, which is 184,000.
TODAY’S DEALS: Berkeley Point Capital Executes $325M Refinance on San Francisco Apartment
Berkeley Point Capital closes the largest single-asset loan in its history; Marcus & Millichap sells a 116-unit community in South Carolina; and Henry S. Miller brokers sale of property in Texas.
TODAY’S DEALS: HFF Arranges $22.5M Permanent Loan from Life Insurance Company
HFF arranges $22.5 million in financing from a life insurance company; Parse Capital closes a $8.9 million mezzanine loan for a Los Angeles development; and Berzack Investment Property Advisors brokers a 40-unit sale in Santa Clarita, Calif.
Auction.com Research Releases Inaugural Quarterly Residential Report
Auction.com Research, a division of Auction.com that provides continuous data and analysis across all residential and commercial real estate sectors, today released its first Quarterly Residential Research Report.
Economy Watch: Beige Book Calls Economy Modest (and Moderate) Again
The latest edition of the Federal Reserve’s Beige Book recently came out, and it seemed to say that the economy is still plodding along.
Commercial/Multifamily Delinquency Rates Decline in Q2, According to MBA
Delinquency rates for commercial and multifamily mortgage loans declined in the second quarter of 2013, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.