National
Growing Labor Shortages Impeding Housing and Economic Recovery
Growing labor shortages in all facets of the residential construction sector are impeding the housing and economic recovery, according to a new survey conducted by the National Association of Home Builders.
Cities that Promise to be the Healthiest Real Estate Markets
An infographic showing cities that promise to be the healthiest real estate markets for 2013.
TODAY’S DEALS: Mack-Cali Enters D.C. with $262.5M Buy
Mack-Cali enters the Metro D.C. multifamily market in a big way; Walker & Dunlop closes $90 million for a Pennsylvania asset; and Keller Williams Commercial arranged the $3.31 million sale of a San Diego multifamily property.
Economy Watch: Homebuilding Sees Healthy Uptick in February
The Federal Open Market Committee offered its thoughts about the U.S. economy once again on Wednesday, and came out more optimistic than it’s been in a few months.
TODAY’S DEALS: Behringer Harvard, Legacy Partners Break Ground in Denver
Work begins on a luxury Denver asset; Transwestern brokers the sale of 1,476 units in two weeks; and Essex Realty brokers the sale of a new construction for $5.7 million.
TODAY’S DEALS: PRG Sells 292-Unit Asset in Raleigh
PRG Real Estate Management sells a 292-unit asset for $20 million; Berkadia arranges an $8.8 million bridge loan for a condo acquisition in San Jose; and ARA represents REIT in the sale of a fully stabilized asset in Florida.
Two Texas Metros Top List of ZipRealty’s Most Affordable Housing List
ZipRealty, Inc., an online technology-enabled residential real estate brokerage company, released its list of the top 10 most affordable housing markets in 2013 based on a two-year analysis by the company of MLS data and U.S. Census Bureau information.
Economy Watch: Bailout Terms for Cyprus Cause Big Upset
The euro-zone crisis has been somnolent lately, but over the weekend it returned to mini-panic mode in a hurry when word broke that as part of Cyprus’ bailout, the EU wants depositors in the island nation’s banks to pay a 6.75 percent tax on their deposits up to 100,000 euros, and a higher tax on deposits higher than that.
TODAY’S DEALS: Venterra Realty Lands Financing for Houston-Area Buy
HFF arranges financing for an acquisition in Texas; Urban Land Conservancy buys land for an affordable TOD in Denver; and NorthMarq Capital arranges a $10.5 million cash-out refinance.
Economy Watch: World’s Middle Class to Expand Mightily by 2030
The middle class in the developing world will indeed be developing quite rapidly in the next two decades, according to the United Nation’s Human Development Report 2013.