National
TODAY’S DEALS: Tucker Development-Led Partnership Closes on $218M Financing for Hudson Lights
Tucker Development-led partnership closes on $218 million in financing for a mixed-use development; HFF provides a development in North Dakota with construction financing; and Colliers sells to properties in Phoenix.
Builder Confidence Unchanged in September, According to NAHB
Following four consecutive months of improvement, builder confidence in the market for newly built, single-family homes held unchanged in September with a reading of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Economy Watch: Residential Prices Continue Climbing
Another indication that the housing recovery still has some legs: FNC reported that its Residential Price Index, which tracks the 100 largest U.S. metro areas, was up 0.7 percent in July compared with June.
TODAY’S DEALS: ARA Brokers 583-Unit Sale in Northwest Austin
A Canadian investment firm buys into Austin, Texas; Civitas Capital closes $53.5 million for a joint venture development in Dallas; and Bessen & Assoc. announces a sale near Natural History Museum for a historic price at 3.3 percent cap rate.
Economy Watch: Retail Sales Inch up in August
U.S. retail sales increased by a smallish 0.2 percent in August compared with July, according to the Census Bureau.
TODAY’S DEALS: Griffin-American Acquires 44 Seniors Housing Properties in the U.K.
Griffin-American Healthcare REIT II completes a $472.2 million U.K. portfolio acquisition; Landmark Apartment Trust of America acquires two apartment communities for $37 million; and Washington Property Co. obtains a $75 million permanent loan for new project in Silver Spring, Md.
Economy Watch: Housing Inventory, Median Prices Up
Realtor.com, which is part of the National Association of Realtors, reported on Thursday that the U.S. housing inventory recovery is broad and growing.
TODAY’S DEALS: CIM Group Buys D.C. Apartment Portfolio
CIM Group buys 449 units in Washington, D.C.; KW Commercial completes a luxury sale in West Los Angeles; and Dane PCG represents AIMCO in sale of a $6.6 million Section 8 property.
Economy Watch: Mortgage Applications Drop as Rates Rise
The Mortgage Bankers Association reported on Wednesday that mortgage refinance activity is at its lowest level since 2009.
TODAY’S DEALS: Oakland TOD Condo/Rental Sells for $103M
IPA brokers the sale of a264-unit luxury asset in Oakland, Calif.; NAI Capital completes a $4.3 million sale in Los Angeles; and NorthMarq arranges a $14 million FHA 223(f) loan to fund a conversion to very-low income housing.