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Freddie Mac Announces 17th Multifamily Securities Offering This Year, K-023
Freddie Mac announced a new offering of Structured Pass-Through Certificates, which are multifamily mortgage-backed securities.
Economy Watch: Construction Spending Edges Up in October
Spending on private construction came in at an annualized rate of $592.1 billion, 1.6 percent above September’s total of $582.7 billion.
TODAY’S DEALS: Waterton Associates Lands an Atlanta Asset
Waterton completes its seventh buy of 2012; SL Green enters the Brooklyn residential market; and Essex Realty Group brokers sale of a residential condominium building.
Economy Watch: Sandy Put Dent in Incomes, Spending
U.S. personal income, which had been edging upward in recent months, stayed essentially flat in October, according to the Bureau of Economic Analysis.
Real Estate Predictions for 2013 from Industry Experts
With 2012 coming to a close, experts are predicting how the real estate industry will fare in 2013.
Economy Watch: GDP Expands More Than Thought
The Bureau of Economic Analysis revised its estimate of real U.S. GDP to an annualized 2.7 percent in the third quarter, compared with the initial estimate of 2 percent.
TODAY’S DEALS: JV Lands Construction Financing for Virginia Project
A three-party joint venture lands financing for a Class A development in Virginia; Raintree Partners buys a California asset for $60 million; and GFI sells a Brooklyn multifamily property for 10 time the rent roll.
TODAY’S DEALS: GDC Breaks Ground on Luxury Rental in Orlando
GDC breaks ground on a six-story luxury rental development; Baron Properties picks up a 380-asset in Houston; and HFF closes on the $39.3 million sale of an East Orange, N.J. apartment property to SDK Apartments.
Economy Watch: Home Prices Continue Upward
According to the latest S&P Case-Shiller Home Price Indexes residential property prices are still on the rise.
TODAY’S DEALS: Ares Commercial Co-Originates $50.5M Acquisition Loan
Ares Commercial co-originates an acquisition loan; Ariel Property Advisors sells six buildings in Manhattan and the Bronx; and NorthMarq Capital funds a $13.7 million Freddie Mac financing at 80 percent of purchase price.