Friday, January 17, 2025

Apartment watch

Apartment watch

Freddie Mac projects increase in YOY multifamily originations

Multifamily originations in 2025 are expected to surpass last year’s volume, thanks to stabilizing, although higher, interest rates, an expensive for-sale market...
double indemnity or double materiality
Apartment watch

The double materiality payoff

The 1944 Film Noir, “Double Indemnity, gets its title from the insurance clause which doubles life insurance payouts due to death occurring in a...
Apartment watch

Construction materials prices move modestly higher

The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.2 percent month-over-month in December...
high absorption leads to rent growth and rising occupancy
Apartment watch

Rent growth still in seasonal decline

Yardi Matrix reported that the national average asking apartment rent was down $4 in December compared to the revised level of the month before...
construction jobs growth

Strong employment growth seen in December

muultifamily proeprty price increase, commercial property prices

CoStar: multifamily property prices continue rise

Two myths of solar

Factors driving apartment demand and consumer sentiment

Rents in winter chill

housing forecast economic forecast

Multifamily starts forecast to rise starting in late 2025

Deal boom

The Grand at Manor
Deal boom

Berkadia Completes Sale and Arranges Joint Venture Equity for 271-Unit Multifamily...

Berkadia, a leader in the commercial real estate industry, announced that it has completed the sale and arranged the joint venture equity for The...
Fairways at Cranford
Atlantic region

Hartz Unveils Multi-Family Residential Development Fairways at Cranford in New Jersey

Hartz Mountain’s new upscale apartment property in Cranford, New Jersey is set to open its doors, marking a new era of upscale living in...
Silver King

JLL Arranges Loan for Converted Hotel Workforce Housing Property Silver King...

SK Apartments

Marcus & Millichap Closes $16.5M Sale of Multifamily Asset SK Apartments...

Bay Area Multifamily Portfolio

Gantry Secures Loans Totaling $27.8M for Bay Area Multifamily Portfolio Acquisition

Solana at Duarte Station

MBK Rental Living Announces Pre-Leasing at 292-Unit Luxury Apartment Community Solana...

Movers and shakers

Levin Johnston
Movers and shakers

Levin Johnston Purchases 2nd Bay Area Office in San Carlos; Increases...

Levin Johnston of Marcus & Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate...
Keith Manson
Movers and shakers

Cushman & Wakefield Adds Premier Team led by Keith Manson to...

Cushman & Wakefield announced the firm has hired a powerhouse multifamily brokerage team to boost its national and regional investor client services and coverage...
Griffin Hoover

Griffin Hoover Joins Capital Square as Regional Vice President of their...

Marion Jones

Avison Young Bolsters U.S. Capital Markets Platform with Addition of Executive...

Kristine Bates

Associa New York Announces Promotion of Kristine Bates to Branch Vice-President

Marcie Williams

Bainbridge Welcomes Industry Leader Marcie Williams as Chief Strategy Officer

Latest issue

In President Biden’s press conference on July 11, he mentioned his plan to impose rent control with a 5 percent rent increase cap on corporate landlords as part of his second term agenda if reelected.
Article

Biden calls for rent control

President Biden formally announced his national rent control plan at a campaign event in Nevada July 16. The president intends to limit rent increases to...
PRO Reflections

The price of disorder

I was once pitched a deal in the heart of the Amazon—Manaus, Brazil. What was I buying? Firstly, a commercial asset. But I couldn’t...
High-income millennials and Gen Zers are choosing Class A apartments over home ownership. Is it a lifestyle choice or the economy?

INFOGRAPHIC: A luxury vibe

Job openings at small businesses fire on all cylinders—despite Federal interest rate increases

INFOGRAPHIC: Small businesses keep labor market flying

INFOGRAPHIC: Have CRE foreclosures hit bottom? Probably not.

INFOGRAPHIC: Battle of will

Often considered the slowest growing region in the U.S., the Midwest has recently shown surprising improvements, both in the performance of its multifamily markets and in the resilience of the region’s economy. The outperformance comes amid a volatile economic backdrop—the Midwest’s relative stability is one of the region’s defining features and highlights its importance in any multifamily portfolio.

New metrics make Midwest investment attractive

Avenue South Residences—56-story residential towers located on the western edge of Singapore’s urban core—will be the tallest buildings created with prefabricated prefinished volumetric construction (PPVC). The 988-unit multifamily housing towers will include 2,984 modules (ADDP Architects).

Mod, mod world

Texas-based property management software provider RealPage and California-based Yardi Systems and the clients who use their RM software are named as defendants in class-action lawsuits. The companies have drawn the additional scrutiny of the U.S. Department of Justice and the Federal Trade Commission, both of which are investigating for alleged price fixing in violation of antitrust laws.

Revenue management’s data dilemma

Despite broader economic inflation cooling significantly from pandemic peaks, the shelter inflation index has remained elevated, largely due to how the BLS calculates housing costs.

Why housing costs remain a major hurdle for lowering inflation

Apartmentalize roundup: Maintenance as cost saver, operations help close deals

Apartmentalize roundup: Maintenance as cost saver, operations help close deals

Persistently high interest rates are restricting the ability of businesses to borrow money to invest in real estate construction.

Building permits for apartments declined nearly 30 percent since pandemic

The simple answer is that the labor market is rather anemic, and people are being honest about their feelings about the economy.

Labor Department quietly cuts employment growth in half

The median household net worth of older millennials, born in the 1980s, rose to $130,000 in 2022 from $60,000 in 2019, according to inflation-adjusted data from the Federal Reserve Bank of St. Louis. Median wealth more than quadrupled to $41,000 for Americans born in the 1990s, which includes the generation’s youngest members, born in 1996.

Millennials rising

Despite inflation cooling to the lowest level in more than three years in July, there’s no way around the fact that consumer prices in the United States have risen sharply over the past three years, as several factors came together to form a perfect storm of inflationary pressures.

Categories hit hardest by inflation

bootstrap: Pulling oneself up by the bootstraps is the idea that a person can succeed “without help from others and as a result of one’s own hard work.” Ironically, this metaphor is widely used to represent the American dream of social and economic mobility through self-reliance. When first coined it described an absurd, impossible feat. How did bootstrap-pulling go from a ridiculous idea to an American ideal? Bootstraps are a loop attached to the back of a boot to help the wearer pull it on. The idiom dates back to 1834 when Mr. Murphee satirically described being “enabled to hand himself over a barn yard fence by the straps of his boots.” It appears throughout the 19th century, often in the company of other metaphors for ludicrous impossibilities such as “sitting in a wheelbarrow and trying to wheel yourself” and “getting rich by taking money from one pocket and putting it in another.”

Has capitalism come at the expense of the poor?

The council just approved a ban on websites that offer data about local rental markets and help landlords set their rents. The council blames these tools for exploding housing costs.

San Francisco city council targets free speech to cover up its...

If this debate eventually does come to a boil, the Supreme Court may need to further clarify its position on Skidmore jurisprudence. But for now, appellate litigators would be wise to steer clear of deference-based argumentation.

New game post-Chevron

According to a 2021 study by the University of California, Los Angeles and U.C. Berkeley, over one-third of public school employees are “rent-burdened,” meaning housing costs consume more than 30 percent of their income. The issue is particularly severe for food service workers, more than half of whom are affected.

California to turn unused school land into millions of housing units

Absorption rates have notably risen from 118,000 units in the first quarter to 166,000 in the second, fostering optimism among industry experts about a potential shift from decelerating fundamentals to a growth phase.

Market set for recovery

Would a YIMBY building boom rejuvenate urban family life or produce sterile, megacity hellscapes?

The housing theory of childless cat ladies

Insider fraud in this game could negatively affect investment funds, pension accounts, 401Ks, employee livelihoods, access to capital and even personal safety for residents.

Insider fraud in multifamily leasing: Is it happening under your nose?

Stricter land-use regulations force builders to spread their efforts over a large number of relatively small projects, limiting the number of homes they’re able to build. This, in turn, limits their ability to invest in better homebuilding technology or otherwise take advantage of economies of scale.

Is land-use regulation holding back construction productivity?

“Sitting empty:” Vast expanse of federal land eyed for new housing

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 Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Alan Scott, founder of NRP Group. Transcript: NAHB Power Hitters interview. Linda Hoffman...
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