National
TODAY’S DEALS: Canyon Catalyst Fund Acquires a Pair of Bay Area Apartments
The Canyon Catalyst Fund and Sack Properties buy two Bay Area apartment assets; Coseo Properties completes a Michigan multifamily acquisition; and BMC completes an $18.5 million cash-out refinance in a tertiary market.
Economy Watch: Close But No Cigar
As of Monday night, the debt-ceiling standoff was reportedly close to resolution—at least if word from the various top Senators involved could be taken at face value—but no resolution had been achieved.
TODAY’S DEALS: Security Properties Buys 584 Apartment Units in Portland
ARA brokers a $64.5 million apartment portfolio sale in Portland; Newmark Grubb Knight Frank closes a three-property acquisition in Georgia; and IPA arranges a 121-unit purchase in Stamford, Conn.
Economy Watch: No Debt-Ceiling Debt Yet
A debt-ceiling and shutdown deal seemed possible on Friday, but things seemed to go retrograde over the weekend.
TODAY’S DEALS: Tampa Apartment Community Trades for $32M
IPA completes a 340-unit sale; BankUnited provides $30 million to refinance a property in Queens, N.Y.; and HFF closes a $35 million sale of a development site in Manhattan’s Hudson Yards.
Economy Watch: Debt-Ceiling Deal Possible
No agreement about the looming debt ceiling or the shutdown of the federal government had been reached—but that didn’t stop reports of a possible short-term agreement on the most pressing of those two fiscal situations, namely the debt ceiling.
TODAY’S DEALS: Resource Real Estate Buys Two Colorado Apartments
Resource Real Estate Opportunity REIT completes a two-property, $54.9 million buy; NorthMarq arranges $25.9 million for an acquisition in North Carolina; and Houlihan-Parnes arranges a $1.5 million financing for a three-family brownstone building in Brooklyn, N.Y.
J Turner Research Survey Answers the Question: ‘What Do Residents Want?’
J Turner Research conducted a national survey based on “What Do Residents Want? Trends in Resident Technology & Communication Preferences,” a panel discussion held at the 2012 National Apartment Association Education Conference and Exposition. The survey looked at online apartment search patterns, behaviors and preferences at 1,231 apartment properties across the country.
Economy Watch: FOMC Warns About Foolish Policy, Debates QE3
The Federal Open Market Committee released the minutes of its Sept. 17-18 meeting on Wednesday, and it was clear the central bankers saw one thing coming.
TODAY’S DEALS: CBRE Global Investors Completes a 734-Unit Acquisition
HFF arranges a 734-unit sale in Houston; PCCP provides $41 million for a mixed-use development in Sacramento; and HFF secures a $6.4 million CMBS takeout loan for a downtown mixed-use community.