National
TODAY’S DEALS: JTL Real Estate Partners Buys 1,397-Unit Portfolio
JTL Real Estate Partners buys a four-state portfolio; Behringer Harvard completes the sale of a 560-unit community in Florida; and ARA closes a 224-unit sale in Houston.
Multifamily Market To Remain Strong Through 2015 With 1.7 Million New Renters, According to Freddie Mac
The Freddie Mac Multifamily Research Group released its multifamily real estate market demand forecast for the next several years.
Freddie Mac Announces 15th Multifamily K Certificates Offering This Year, K-711
Freddie Mac recently announced a new offering of Structured Pass-Through Certificates (K Certificates) backed exclusively by fixed-rate multifamily mortgages with a seven-year term.
Economy Watch: Non-Manufacturing Activity Sees Uptick
Economic activity in the U.S. non-manufacturing sector grew in October for the 34th consecutive month, according to the latest Non-Manufacturing ISM Report On Business, which was released on Monday.
Economy Watch: A Variety of Businesses Hiring in October
The Bureau of Labor Statistics’ October employment numbers noted that a fairly wide variety of businesses were doing some net hiring during the month.
SPECIAL REPORT: Multifamily Industry Will Decelerate in 2013, Panelists Agree
The exuberant levels of multifamily rent increases, transactional activity and equity investments are due for a slowdown over the next year, suggested speakers at the 2012 CREW Network Convention and Marketplace held in Chicago.
Economy Watch: Job Creation Continues Steady Pace
The Bureau of Labor Statistics, despite speculation involving hurricane-related delays, did indeed report the monthly employment numbers on Friday, as scheduled. The result: the U.S. economy created 171,000 jobs in October, more-or-less as expected. The unemployment rate ticked up a bit, to 7.9 percent.
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.