National
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.
NAHB: Shortage of Lots Slows Housing Recovery
A shortage of buildable lots, especially in the most desirable locations, has emerged as one of the key factors holding back a more robust housing recovery, according to the latest survey on the topic conducted by the National Association of Home Builders.
TODAY’S DEALS: AIMCO Acquires a Luxury Atlanta Community
Colliers closes a 30-unit sale in Atlanta; Equus buys a 251-unit community in Missouri; and Starlight acquires an interest in a Texas asset.
Economy Watch: Construction Spending Edges Up, No Thanks to Sequestration
Construction spending saw an uptick of 0.6 percent in July compared with June, according to the Census Bureau.
Economy Watch: Serious Mortgage Delinquencies Continue to Drop
Fannie Mae reported that the single-family serious delinquency rate for mortgages and it owns or insures declined in July to 2.7 percent from 2.77 percent in June.
TODAY’S DEALS: Greystar Acquires $460M Portfolio
Greystar acquires 4,371 units from Inland; IPA completes a bulk condo sale in Yonkers, N.Y.; and Beech Street Capital provides $36.5 million for an Alabama apartment asset.