National
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.
Mortgage Delinquency and Foreclosure Rates Decreased During Third Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the third quarter of 2012, a decrease of 18 basis points from the second quarter of 2012, and a decrease of 59 basis points from one year ago, according to the MBA National Delinquency Survey.
Economy Watch: Retail Sales See Downtick in October
U.S. retail sales declined 0.3 percent from September to October, according to the Census Bureau.
Today’s Deals: McCann Enters Nashville with 336-Unit Buy
McCann buys a 2009-built asset in Nashville, Tenn.; Beech Street closes $15.2 million for an acquisition; and Walker & Dunlop supplies a $3 million HUD-insured refinance loan.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 12.6 percent from one week earlier, according to data from the MBA Weekly Mortgage Applications Survey for the week ending November 9, 2012.
Economy Watch: Commercial Mortgage Originations Dip in 3Q
Commercial and multifamily mortgage origination volumes dropped by 7 percent during the third quarter of 2012 compared with the same quarter in 2011, according to the Mortgage Bankers Association.
TODAY’S DEALS: Federal Capital Partners Completes D.C. Sale
Federal Capital Partners sells an asset in Washington, D.C.; Wood Partners breaks ground in Colorado; and HFF closes on a $10.9 million value-add transaction.