National
TODAY’S DEALS: TGM Associates Buys 712-Units in Chicago Suburb
TGM Associates buys a 712-unit asset from RREEF; Oak Grove Capital originates five loans in two weeks; and a Southern California LIHTC property sells for $23.4 million.
Economy Watch: Gas Prices Pause in Upward March
Gas prices did something a little unusual over the weekend: they went down slightly. According to AAA, Saturday’s national average was down a 10th of a cent per gallon compared with Friday, and Sunday’s average was down a bit more compared with Saturday, from $3.78 to $3.777 a gallon.
TODAY’S DEALS: Walker & Dunlop Provides $31.8M Refi for San Diego Portfolio
Walker & Dunlop arranges a $32.8 million refinance for a San Diego portfolio; and NorthMarq Capital arranges a $20 million bank loan for an off-campus student housing portfolio.
TODAY’S DEALS: JV Lands Acquisition Financing for N.C. Student Asset
Pierce Education and Core Properties land acquisition financing through HFF; Behringer Harvard acquires a 312-unit community in Jacksonville; and McKinley obtains a $14.2 million bridge loan with Bank of America.
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.