National
Economy Watch: Existing Home Sales Up Slightly
The National Association of Realtors reported that existing home sales were up 0.6 percent in April from an annualized rate of 4.94 million units to 4.97 million units (including all single-family, condos and co-op residences).
Positives, Negatives Seen in April Job Report, Auction.com Says
The U.S. Bureau of Labor Statistics’ April metro area employment data held good and bad news for multifamily and single-family recovery, according to New York City-based Auction.com.
TODAY’S DEALS: MAA Buys 260-Unit Asset in Virginia
MAA buys an upscale asset in Fredericksburg, Va.; and Trade Street Residential buys two communities in the Carolinas.
Economy Watch: Home Prices Still Climbing
American home values continued to climb in April, according to the latest Zillow Real Estate Market Report.
WinCo to Open Two Las Vegas Stores; Overall Home Sales Have Hit Record Highs in 2011 as New Home Sales Plunged
By Alex Girda, Associate Editor WinCo Foods is about to open two brand new stores in the Las Vegas area with a tentative opening slated for March of this year. One of the two stores is being rapidly developed at the Stephanie Street and Wigwam Parkway location. The Las Vegas Sun reports that the new […]
TODAY’S DEALS: PCCP Lands $30M for Queens Conversion
PCCP arranges $30 million for a Long Island City redevelopment; and Variant adds a 280-unit Georgia asset to its portfolio.
Economy Watch: Lending Standards Easing for Business, CRE
The Federal Reserve reported in its April “Senior Loan Officer Opinion Survey on Bank Lending Practices” that domestic banks, on average, are reporting they have eased their lending standards over the past three months and are experiencing stronger demand in several loan categories.
TODAY’S DEALS: Centerline Provides $66.2M for Three Pennsylvania Assets
Centerline refinances three assets; and Harbor Group International buys a 256-unit apartment community in Virginia Beach.
Recent Slowdown in Economic Growth Likely Short-Lived
The year’s strong start faded late in the first quarter across many key economic indicators, but the recent set-back likely is a temporary one, according to Fannie Mae’s Economic & Strategic Research Group
Economy Watch: Unemployment Inches Down in Most States
The Bureau of Labor Statistics reported that the unemployment rate in 40 states and the District of Columbia dropped, while three states experienced increases and seven states had no change in April compared with March.