National
Commercial and Multifamily Mortgage Debt Outstanding Increases for Fourth Straight Quarter
The level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association.
Economy Watch: Employment Index Slips
The Conference Board reported that its Employment Trends Index decreased slightly in November, making the fourth monthly drop this year.
TODAY’S DEALS: Chestnut Hill Acquires two Mass. Assets
Chestnut Hill Realty buys 581 units; Seagate Colorado Partners buys a 288-unit community in Colorado Springs; and Centerline Capital provides a $28.9 million Fannie Mae loan to refinance a luxury active-adult apartment property.
SPECIAL REPORT: NYHC/NHC Conference Speakers Warn of ‘Mounting Fears’ for Affordable Housing
Speakers at the New York Housing Conference and National Housing Conference’s 39th Annual Awards program warned that the outcome of Capitol Hill fiscal negotiations may not be favorable to the industry’s production, preservation and investment programs.
Improving Consumer Attitudes Suggest Continued Strength in Housing Market
Despite continued uncertainty surrounding the fiscal cliff, Americans are showing increased confidence in the housing market and the direction of the economy.
Economy Watch: Retail Gains Jobs, Construction Loses Them
In reporting a net gain of 146,000 jobs in November, the Bureau of Labor Statistics also noted that some industries hired quite a bit, while others saw job losses.
TODAY’S DEALS: O’Connor Capital Partners Lands $62.3M Construction Loan
O’Connor Capital Partners lands a $62.3 million construction loan; Candlebrook and Angelo, Gordon & Co. acquire an asset near Philadelphia; and Arbor funds seven FHA deals across the nation.
Economy Watch: November Employment Gains Roughly Average
The Bureau of Labor Statistics reported on Friday that the U.S. economy created 146,000 jobs in November. Since the beginning of this year, employment growth has averaged 151,000 per month, about the same as the average monthly job gain in 2011, which was 153,000.
TODAY’S DEALS: Waterton Associates Initiates Value-Add Play in Florida
Waterton Associates buys a 402-unit asset; Morgan Properties completes a historic acquisition; and AvalonBay prices a $250 million unsecured offering.
Commercial/Multifamily Mortgage Delinquency Rates Down in Third Quarter
Delinquency rates decreased for commercial and multifamily mortgage loans in the third quarter, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.