National
Economy Watch: Housing Starts Drop in January
The Census Bureau reported on Wednesday that housing starts took a dip in January.
TODAY’S DEALS: GID Announces Phase II of Dallas Mixed-Use Development
GID Development reveals more details on its Dallas project; The Alexander Anderson Real Estate Group arranges $9.5 million for a 40-unit asset in Union City, N.J.; and Eastern Union’s $25 million in financings yield interest rates of 3.25 and 3.5 percent.
Economy Watch: Homebuilder Confidence Sees Downtick
For the homebuilding industry, the last year or so has been one of increasing optimism, buoyed by increasing sales.
TODAY’S DEALS: Centerline Refinances Three Wisconsin Assets
Centerline provides $15.5 million for three Wisconsin properties; a 298-unit asset goes up for auction in Raleigh, N.C.; and NorthMarq Capital arranges $19.4 million, with prepayment and cash-out, in life insurance company refinance.
Economy Watch: Bad News, Good News from Euro-Zone
Recent economic news from Europe has been in part discouraging, but (remarkably) there have been some relatively optimistic stories lately as well.
TODAY’S DEALS: Prime Florida Land Sale Makes Way for 396-Unit Community
ARA completes the sale of a development site in Florida; and Berkeley Point Capital provides a $44.8 million FHA loan for a development in Palm Beach County, Fla.
Economy Watch: Consumers Feeling a Little Better
The preliminary Reuters/University of Michigan consumer sentiment index for February, which was released on Friday, increased to 76.3 from the January level of 73.8.
TODAY’S DEALS: Rockefeller Group, IPA Break Ground in Arizona
A $57.5 million development breaks ground near Phoenix; Terrace Capital provides $7.8 million for an Ohio asset; and Cohen Financial secures financing for properties in the Midwest.
Economy Watch: Foreclosures Plummet Because of California
RealtyTrac reported on Thursday that U.S. foreclosure filings—meaning all default notices, scheduled auctions and bank repossessions—were reported on a bit more than 150,800 residential properties in January.
TODAY’S DEALS: GoldOller Acquires a Jacksonville Asset for $56M
GoldOller buys a 555-unit asset; Marcus & Millichap Capital Corp. arranges a $8.4 million refinancing for a Philadelphia community; and Boston Capital invests in two affordable developments.