National
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.
Economy Watch: Retail Sales Inch Up
U.S. retail sales grew at their slowest rate in three months, the Census Bureau reported.
TODAY’S DEALS: AEW Buys 128-Unit Hoboken Asset for $67M
AEW Capital Management completes a Hoboken buy; Bloomfield Capital closes a $3.3 million bridge loan for a Houston property; and Arbor Commercial Mortgage funds $9.6 million in FHA financing for a portfolio of properties in Puerto Rico.
Economy Watch: President Reiterates Economic Proposals
As expected, much of President Obama’s State of the Union address on Tuesday focused on the economy, and in particular what he wants to do about the nervous economic state of the American middle class.