National
TODAY’S DEALS: Colliers Brokers Georgia Sale
Colliers brokers a 296-unit sale; NorthMarq completes $20.5M in acquisition financing; and Related Group buys a Miami development site for $18.5 million.
Freddie Mac Prices New $5.5 Billion Five-Year Reference Notes® Security
Freddie Mac recently announced that it priced its new 0.75 percent five-year USD Reference Notes® security due on January 12, 2018.
Economy Watch: Existing Home Sales See Healthy Increase
Existing U.S. home sales were up to an annualized rate of 4.79 million units in October, according to the National Association of Realtors.
APARTMENT MARKET STATISTICS: November 2012
The Apartment Market Statistics section of the November 2012 issue of MHN features a range of important multifamily data. This month’s data shows, for example, Marcus & Millichap’s survey of apartment markets in the top U.S. metros.
TODAY’S DEALS: MEPT Buys Denver Asset for $90.8M
Multi-Employer Property Trust completes a Denver buy; Centerline Capital Group provides a $17.6 million loan to a community in Rochester, N.Y.; and HFF arranges $32.08 million in acquisition financing via Freddie Mac.
Economy Watch: Industrial Production Dips Due to Sandy
Even if temporary, the storm has had an outsized impact on certain aspects of the entire economy, because it hit such a densely populated and economically active part of the Eastern Seaboard. Without the storm, industrial production would have increased for the month.
Economy Watch: CPI Increases Slightly in October
The Bureau of Labor Statistics said on Thursday that the U.S. Consumer Price Index (for all items) edged up 0.1 percent in October. Over the last 12 months, the all-items index increased 2.2 percent—a fairly low rate of inflation, and in fact roughly what the Federal Reserve sees as its target rate under its dual mandate.
Freddie Mac Announces 16th Multifamily Securities Offering This Year
Freddie Mac recently announced a new offering of Structured Pass-Through Certificates, which are multifamily mortgage-backed securities.
TODAY’S DEALS: Zeckendorf Breaks Ground on $500M Condo
Zeckendorf and Global Holdings Inc. break ground on a luxury condo in Manhattan; Holliday Fenoglio Fowler arranges $9 million for an Austin student housing asset; and CBRE arranges $128,178-per-unit sale of renovated property.
TODAY’S DEALS: Decron Snaps up a California Asset
Decron completes a $70 million buy; HFF secures $54 million in bank and mortgage REIT financing for an apartment asset acquisition; and Berkeley Point Capital provides $29.6 million for a KBS Legacy Partners REIT’s acquisition.