News

affordable housing

Streamlining inspections of affordable housing in California

The California State Legislature recently passed, and Governor Newsom signed, AB 2006, a bill to eliminate duplication in the inspection of affordable housing projects in the state. The bill was sponsored by Assemblyman Marc...
Avalon Studio 4121

Gelt, Inc. acquires a 149-unit apartment property in Studio City, California for $76 million

Gelt Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has acquired Avalon Studio 4121, a 149-unit value-add apartment property located at 4041-4121 Radford Avenue in Studio...
Summit at Hyde Park

DB Capital recapitalizes 192-unit multifamily property in Austin, Texas

DB Capital in joint venture with a CrowdStreet, has recapitalized Summit at Hyde Park, a 192-unit apartment community in Austin, Texas. The acquisition represents a recapitalization of the 1980’s vintage garden style community, originally acquired...

Fannie Mae launches rent payment reporting program to help renters build credit

Fannie Mae announced the launch of its Multifamily Positive Rent Payment Reporting pilot program, aimed at helping renters build their credit history and improve their credit score. Beginning September 27, 2022, eligible multifamily property owners can share...
Magnolia Gardens

The Multifamily Group completes the sale of 39 units in Texarkana, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced the sale of Magnolia Gardens, a 39-unit garden-style multifamily property in Texarkana, Texas.  Yonnic Land represented the seller, and Guillermo Gameros procured the...
Bend at Oak Forest

Berkadia arranges sale of garden-style multifamily workforce community in Houston

Berkadia announces it has arranged the sale of Bend at Oak Forest, a 392-unit, garden-style multifamily workforce community located in Houston. Managing Director Jeffrey Skipworth, Senior Managing Directors Chris Curry and Todd Marix, Managing...

Housing group announces settlements with three Southern California cities, three new lawsuits over failure...

Californians for Homeownership, a nonprofit organization sponsored by the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) that aims to address California's housing crisis through impact litigation, announced that it has filed lawsuits against the cities of Claremont, Fullerton and...
Onyx on Park

$26.9 million financing arranged for multihousing development in San Diego

JLL Capital Markets announced that it has arranged the $26.9 million construction financing for Onyx on Park, a 61-unit, urban infill multihousing community located in the Hillcrest neighborhood of San Diego, California. JLL represented the...
Glenwood Apartment Homes

The Multifamily Group completes the sale of 60 units in Houston, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced that it had facilitated the sale of Glenwood Apartment Homes in Houston this week.  Bryce Smith represented the seller and procured the buyer.  “Our...

Rate of multifamily property price growth continues to fall

The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices rose 17.1 percent year-over-year in August and that they rose 0.1 percent from the month before. Both rates...
NAHB Power Hitters with Tommy Brunsonvideo

NAHB Power Hitters with Tommy Brunson

 Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Tommy Brunson, president of development and construction for Fairfield. Transcript: NAHB Power Hitters interview. Linda Hoffman with Tommy Brunson, recorded August 30, 2022 (music) Linda...
The Baldwin

Berkadia arranges sale of new Class AA garden-style apartment community in Orlando

Berkadia announces it has arranged the sale of The Baldwin, a brand new, 270-unit Class AA garden-style apartment community in Orlando, Florida. Managing Director Brett Moss, Associate Director Tyler Swidler, Senior Managing Director Matt...
Hills at Hoover

Marcus & Millichap completes $44 million multifamily sale in Birmingham

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Hills at Hoover, a 320-unit multifamily asset in the highly...
5 Oaks

Berkadia arranges sale and financing of Class A garden-style multifamily community in Houston

Berkadia announces it has arranged the sale and financing of 5 Oaks, a 228-unit, multifamily community in Houston. Managing Director Jeffrey Skipworth, Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Chris Young...
housing lending

Multifamily mortgage debt rises in Q2 despite cuts

A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt holdings in Q2 2022 shows that banks and thrifts had the largest net increase in multifamily mortgage holdings for the third quarter...
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