National
SPECIAL REPORT: Hurricane Sandy Likely to Stimulate Economy in Medium Term
Commercial property financing volume has increased by 25 percent in the first few weeks of the fourth quarter, said Sam Chandan, president and chief economist of Chandan Economics.
Economy Watch: Investors Return to the Trading Floor
Wall Street was back in business again on Wednesday, despite crippled infrastructure in the equities markets’ hometown.
Economy Watch: Sandy’s Costs Already Being Guessed
Sandy is still vexing parts of the Northeast with wind and rain, but it’s already time for preliminary damage estimates.
Economy Watch: Income, Spending Rise in September
Despite the inclement weather along the eastern seaboard, the Bureau of Economic Analysis published new statistics on personal income and spending on Monday, and they were better than expected.
Economy Watch: 3Q GDP Surprises Slightly on the Upside
The Bureau of Economic Analysis reported on Friday that U.S. real gross domestic product increased at an annualized rate of 2 percent during the third quarter.
Economy Watch: Chicago Fed Index Up in September
The Chicago Fed reported on Thursday that its National Activity Index increased to 0.00 in September from -1.17 during August.
TODAY’S DEALS: Steadfast Buys Austin Asset for $22M
Steadfast Income REIT buys its second Austin asset; Beech Street Capital closes $5.8 million for a pair of Dallas communities; and Vitus Group begins an affordable redevelopment in California.
TODAY’S DEALS: American Campus Communities to Buy 19 Assets
American Campus Communities announces big acquisition plans; Essex Property Trust buys a community in San Jose, Calif.; and Walker & Dunlop provides $70.2 million for a historical portfolio in Pennsylvania.
Economy Watch: Residential Delinquencies Jump in September
The Census Bureau reported on Wednesday that sales of new single-family houses were at an annualized rate of 389,000 in September 2012, which is 5.7 percent above the revised August rate of 368,000 and 27.1 percent above September 2011’s rate of 306,000.
TODAY’S DEALS: EdR Completes $20.9M Acquisition in Michigan
EdR picks up an asset in Michigan; Capital Senior Living buys eight communities for $72.9 million; and NorthMarq employs a Freddie Mac early-rate lock for $20.6 million refinance.