Regions
Washington D.C. Market Snapshot: Apartment Stock Poised to Rise in 2014
Apartment performance in the Greater Washington, D.C. area could lag this year, as the booming construction hits right at a time when the metro’s job market is cooling down.
Economy Watch: Building Confidence Ticks Down
Homebuilders are still fairly confident about their industry, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.
TODAY’S DEALS: George Smith Partners Secures $70M Cash-Out Refinance for Downtown LA Property
George Smith Partners provided financing for the takeout of a maturing construction debt; and Edgewood Capital supplies $2.15M for acquisition of non-performing loan.
TODAY’S DEALS: Queens Apartment Commands $47.3M
TIAA-CREF sells an Astoria apartment asset; Pathfinder Partners acquires an 18-unit condo in Denver; and CMC arranges a pair of multifamily loans.
Economy Watch: Beige Book Strikes More Optimistic Tone
The Fed’s Beige Book paints a positive picture for most districts and the World Bank remains hopeful for continued economic growth.
TODAY’S DEALS: Azure Partners Buys Newark Towers
HFF brokers a high-rise sale in Newark; Venture West Funding refinances six California apartment buildings; and NorthMarq Capital arranges a $10.7 million Freddie Mac refinancing.
New Garden Grove Apartments Mark a Push to Multifamily for Brandywine Homes
Single-family homebuilder Brandywine Homes is making a push into mutlifamily with the completion of Waterstone, a 25-unit community located in Garden Grove, Calif.
TODAY’S DEALS: Wood Partners JV sells 116-Unit Asset for $50.5M
Intercontinental Real Estate Corp. buys an asset from Wood Partners; NorthMarq Capital arranges $30 million in construction financing for an affordable asset; and HFF closes $14.8 million in permanent financing for a newly-built Massachusetts asset.
Oak Coast Properties Developing West Hollywood Apartment Community
Oak Coast Properties is developing a new 53-unit upscale apartment community in the high barrier market of West Hollywood.
Economy Watch: Federal Government Records Surplus in December
The U.S. Department of Treasury reports the first December surplus ($53.2 billion) since 2007, while the ICSC presents a 3.4 percent gain in chain-store comparable sales for December year-over-year.