The 10-year US Treasury, currently at 2.38%, has been rising lately. According to the Labor Department, the US economy created 228,000 jobs in November while the unemployment rate held steady at 4.1%. Federal Reserve policymakers have been concerned with the lack of income growth, although the Fed is still expected to raise the central bank's benchmark interest rate a quarter point next week. With the US equity markets near all-time highs, agency multifamily financing is extremely aggressive and the banks are keeping pace, according to a recent report by Marcus & Millichap.—Lisa Brown

NEWS AND NOTABLES

DALLAS—Charles Keels has been promoted to president of Encore Multi-Family LLC. Keels, a nine-year veteran of Encore, has served the multifamily division as vice president, development and finance, and has been preparing for transition to this leadership role during the past year.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.