National
TODAY’S DEALS: Berkeley Point Capital Closes $49.7M for a Salt Lake Acquisition
Kennedy Wilson completes an acquisition with financing from Berkeley Point Capital; HFF closes $23 million for a Cambridge renovation; and Eastern Consolidated sells sponsor condos near New Jersey’s “Gold Coast” for $15.25 million.
Apartment and Condominium Market Remains Strong After Small Correction in the First Quarter of 2013
The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), inched down two points to an index level of 52.
Economy Watch: U.S. Banks Are Healthy
According to the Federal Deposit Insurance Corp., American banks had their best-ever quarter during the first quarter of this year.
TODAY’S DEALS: Passco Buys a Class A Community in Indiana
Passco buys a 280-unit asset in an Indianapolis suburb; Grandbridge closes $38.8 million for three communities; and Alliant Capital originates a $1.7 million small loan at a 3.81 percent interest rate.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 8.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Economy Watch: Housing Prices Spike in Most Markets
All three S&P/Case-Shiller Home Price composites indices, which were published by S&P Dow Jones Indices, showed double-digit annual increases for the three months ending in March.
TODAY’S DEALS: Prudential Provides $160.4M for Two NYC Apartments
Prudential provides $160.4 million for two Manhattan acquisitions; Canadian REIT Morguard completes a six-property purchase in the South; and NorthMarq Capital arranges a $23.85 million fully amortizing loan.
BDO Study Shows Uptick in REIT Conversion
The 2013 BDO RiskFactor Report for REITs, a new survey by BDO USA, finds that a surge in companies filing for REIT status may be leading to an increase in scrutiny over which companies should qualify.
Video – Q1 2013 Apartment Trends
Reis Reports Chief Economist Dr. Victor Calanog covers Q1 2013 Apartment Trends and provides an outlook for the coming months in the sector.
Economy Watch: Memorial Day Weekend Travel Edges Down
Ahead of the holiday weekend, AAA estimated that 34.8 million Americans would travel more than 50 miles from home during the period from May 23 to May 27.