National
TODAY’S DEALS: La Jolla Asset Trades for $29M
CBRE Group Inc. facilitates a 60-unit sale; Friedkin Realty Group sells a 208-unit asset in the Bay Area; and NorthMarq Capital arranges $33.38 million in a combined10-year mortgage.
Economy Watch: Fed Mulls Fate of QE3
The Federal Reserve released the minutes of the Federal Open Market Committee meeting, and while it didn’t reveal any dramatic fractiousness within the Central Bank, it seems that some members of the committee brought up phasing out QE3 sooner rather than at no specific point in time.
TODAY’S DEALS: AMLI Residential Sells 464-Unit Asset to Abacus Capital
AMLI residential completes a Chicagoland disposition; Beech Street closes $7.4 million for a two property portfolio in the Boston-area; and Home Properties executes its strategy to “lighten” its concentration in Washington, D.C. as it sells two properties for $109.1 million.
Ivanhoé Cambridge, Goldman Sachs and Greystar Partner on an 8,010-Unit Portfolio
Ivanhoé Cambridge has announced that it has partnered with the Real Estate Principal Investment Area of Goldman, Sachs & Co. and Greystar Real Estate Partners, as well as several other partners, in an 8,010-unit portfolio, with properties located across the United States.
FHA Reform Efforts Must Ensure Borrowers Have Access to Affordable Home Loans
The National Association of Home Builders (NAHB) expressed support for congressional efforts to reform the Federal Housing Administration (FHA) but urged lawmakers to proceed in a cautious manner to avoid any disruptions to the nation’s housing finance system.
2013 NMHC 50 Names Nation’s Largest Apartment Owners, Managers
Boston Capital (155,521 units owned) and Greystar Real Estate Partners LLC (198,533 units managed) remained the nation’s largest apartment owner and manager, respectively, for the third consecutive year, according to the National Multi Housing Council’s new 2013 NMHC 50.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 5, 2013.
Economy Watch: Employers Offer More Jobs in February
According to the JOLTS report the number of U.S. job openings at the end of February was 3.9 million, up from 3.6 million January.
TODAY’S DEALS: Centerline Provides a $17.9M Affordable Loan
Centerline provides acquisition financing for an affordable asset; Kennedy Wilson buys a 366-unit property in Utah; and Grandbridge Real Estate Capital closes an $11.3 million first mortgage for a student housing community in Georgia.
Economy Watch: Consumers Still Confident About Housing
Consumers might still be a little leery about the broader economic recovery, but at least they’re fairly confident in the housing recovery.