United States Department of Commerce

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  • Bank Failures Sluggish in ’14

    Over the weekend, the FDIC closed its 14th failed bank of 2014, Greenchoice Bank in Chicago.

    National 28 July 2014 13:24
  • Investment in Real Estate Still Lags

    The Bureau of Economic Analysis released the real estate-related components of the government’s latest estimate for U.S. GDP growth.

    National 07 May 2014 15:31
  • Most Industries Hiring in February; Trade Deficit Drops

    Most categories of employment saw some kind of net increase during February. Also, total January exports and imports resulted in a U.S. goods and services deficit of $39.1 billion, down from $42 billion in January 2013.

    National 10 March 2014 14:42
  • Holiday Spending Rises Compared With ’12

    Holiday spending rises 2.3 percent compared to last year, perhaps because consumers had a bit more money to spend.

    National 27 December 2013 15:05
  • New Home Sales Down in November

    Single-family sales dip in November, while durable goods orders surge 3.5 percent. More good news comes from The Federal Reserve Bank of Philadelphia, which reports that its coincident indexes for November increased in 46 states.

    National 26 December 2013 15:43
  • Pending Home Sales Edge Down

    According to the National Association of Realtors, the Pending Home Sales Index, a forward-looking indicator based on contract signings (but not closings), dropped to 107.7 in August from a downwardly revised 109.4 in July.

    National 27 September 2013 13:44
  • Trade Numbers Point to 4Q Growth

    The U.S. Department of Commerce reported on Friday that the U.S. trade deficit dropped from $48.6 billion in November to $38.5 billion, both as the result of rising exports and dropping imports.

    National 11 February 2013 14:28

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    14 June 2017 14:33
  • Boston Capital Nabs Charlotte, NC Community

    The company acquired the 368-unit property on behalf of Boston Capital Income & Value U.S. Apartment Fund. The cost of purchase, including improvements, reached $60 million.

    07 September 2017 18:31
  • Embracing Efficiency

    Since the Great Recession, the U.S. has increasingly become a renter nation. Renters encompass more than one-third of total U.S. households, with 18.7 million households residing in buildings with five or more units, according to National Multifamily Housing Council data.

    06 April 2017 11:46
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    17 August 2017 21:17
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    Walker & Dunlop closed the investment sale for The Quaye at Palm Beach Gardens. The company worked on behalf of HG Management and PGIM Real Estate to purchase the community in July.

    21 August 2017 17:08
  • Mission: Success—Steve Heimler

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    29 March 2017 08:27
  • Park Partners Acquires Gainesville Student Housing Portfolio

    The two communities offer 1,356 beds in the University of Florida’s hometown.

    27 March 2017 14:45
  • Economy Watch: Large Banks Grow CRE Lending Faster Than Smaller Ones

    In the second quarter, large banks increased their CRE loan portfolios by 2.56 percent, while medium-sized and community banks had more modest increases, according to a recent Trepp report.

    05 September 2017 14:00
  • Cap Rates

    Year-over-year, the biggest cap rate growth for residential properties was 31.2 basis points for mid- and high-rise apartment properties.

    19 June 2017 19:46
  • Berkadia Closes Sale of Student Housing Assets for $146M

    The properties include Ava University District, a 289-unit community, near the University of Washington, and Fullerton University Village, a 100-unit community near California State University.

    28 June 2017 18:03