National
TODAY’S DEALS: Bascom Acquires Phoenix-Area Asset for $35.2M
Bascom acquires a 352-unit asset in Chandler, Ariz.; Senior Living Investment Brokerage facilitates two Oregon sales; and Lee & Associates closes an eight-unit, $1.4 million sale in Glendale, Calif.
Consumers’ Positive Housing Attitudes Withstand Fiscal Concerns
Consumer confidence in the housing recovery remains firm in the face of budget sequestration and other fiscal policy concerns, according to Fannie Mae’s March 2013 National Housing Survey results.
Economy Watch: Jobs Report Weak, But Not All Bad
March’s jobs report from the Bureau of Labor Statistics was a disappointment for a number of reasons, beyond mere lackluster U.S. job growth for the month itself.
TODAY’S DEALS: Mack-Cali Completes an $88M Acquisition
Mack-Cali completes a Boston-area buy; Venture West Funding arranges $13 million for three Texas assets; and Hudson Realty funds $17 million for the acquisition of a historic industrial building in DUMBO.
Economy Watch: March Job Growth Sputters
The U.S. economy created only 88,000 jobs in March, which was a drop from February.
TODAY’S DEALS: UOB Eagle Rock Buys Historic Connecticut Community
IPA brokers the sale of a 597-unit historic community; DPG Investments arranges a $3.8 million senior bridge loan for a Utah acquisition; and HFF arranges $44 million in construction financing and joint venture equity for a student housing community.
Economy Watch: Apartment Market Continues to Tighten
Apartment vacancies nationwide continued to shrink in the first quarter of 2013, according to a report by Reis Inc.
TODAY’S DEALS: Panther Properties Acquires Three Class A Assets for $75M
Panther Properties buys a Southern portfolio; Berkeley Point Capital closes a $32.7 million refinance loan for a California asset; and NorthMarq Capital arranges $19.35 million in acquisition financing.
Economy Watch: Fannie Mae Roars Back to Profitability
Fannie Mae, practically given up for dead during the abyss of the Great Recession, showed signs of life in 2012.
TODAY’S DEALS: Pollack Shores Acquires 252-Unit Asset in Florida
ARA brokers a 252-unit sale in Florida; Centerline provides a $3.6 million refinance for an age- and income-restricted property in Minnesota; and Ideal Realty Group brokers the sale of two apartment towers by Virginia’s transportation department.