News

Greg Willett

Marcus & Millichap’s Institutional Property Advisors (IPA) division adds multifamily research expert Greg Willett

Marcus & Millichap, Inc., a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced that Greg Willett has joined the firm as first vice president responsible for...
The Boulevard

Davlyn Investments acquires third Phoenix apartment community

Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $112,500,000 purchase of The Boulevard, a 294-unit, luxury, multifamily community in Phoenix, Arizona. The property, which will be re-branded “Boulders at...
The Post

PCCP, LLC provides a $75 million loan to Griffis Residential for the acquisition and...

PCCP, LLC has provided a $75 million senior loan to Griffis Residential for the acquisition and repositioning of The Post, a 16-story, 208-unit apartment property located at 888 Western Avenue in downtown Seattle. Situated at...
Dennis Mitchell

Sunrise Management elevates Dennis Mitchell to vice president

San Diego-based Sunrise Management—which has specialized in the management of multifamily real estate since 1978—has promoted Dennis Mitchell to vice president of client strategy. Mitchell was previously a regional vice president for the company’s...
construction materials

Construction materials prices continue their advance

The Bureau of Labor Statistics (BLS) released its producer price index report for December 2021. It showed that construction materials prices were up 1.5 percent in the month, seasonally adjusted. The index was 22.0...
Forest Manor Apartments

Kairos Investment Management Company acquires 103-unit affordable multifamily property in Glendale, Colorado

Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has acquired Forest Manor Apartments, a 103-unit affordable multifamily property in Glendale, Colorado. “Kairos is constantly looking...

Statement from NAHB Chairman Chuck Fowke on Supreme Court OSHA Vaccine Mandate Ruling

Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement after the U.S. Supreme Court voted 6-3 to stay the Biden administration's enforcement of...

FHA expands real-estate owned property purchase opportunities for owner-occupant buyers

The Federal Housing Administration (FHA) on Thursday announced it is increasing its exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for owner occupants, HUD-approved nonprofit organizations, and...
McKinley Park Apartments

McKinley Park Apartments to be Transformed into Affordable Housing for Seniors

The transformation of Canton’s McKinley Park Apartments into an affordable housing community moved another step closer to reality in December, after The Ohio Department of Development awarded the redevelopment $2 million in state historic...
student housing dorm room

Student housing regains its shine

Yardi Matrix released their latest quarterly report covering the purpose-built student housing market. It shows that preleasing performance for fall 2021 and early preleasing for 2022 are running ahead of their paces in the...
3708-14 N. Sheffield Ave

Interra Realty brokers $7.4 million sale of 26-unit multifamily building in Chicago’s Wrigleyville Neighborhood

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the off-market sale of 3708-14 N. Sheffield Ave., a 26-unit vintage courtyard building in Chicago’s Wrigleyville neighborhood, steps from Wrigley Field. The...
NAHB Power Hitters with Robert Dietzvideo

NAHB Power Hitters with Robert Dietz part 2

 Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Robert Dietz, SVP & Chief Economist, NAHB. Transcript: NAHB Power Hitters interview. Linda Hoffman with Robert Dietz, SVP & Chief Economist, NAHB, recorded...
West Vue

Berkadia arranges $97.5 million sale of brand-new class AA garden style asset in Orlando’s...

Berkadia announces it has arranged the sale of West Vue, a 442-unit, brand-new, luxury garden-style apartment community within Orlando’s sought-after and award-winning MetroWest master-planned community. The property is encumbered by a long-term ground lease,...
Tree Farm Lofts

$54.5 million secured for development of Colorado multihousing community

JLL Capital Markets announced that it secured $54.5 million in construction financing for Tree Farm Lofts, a 196-unit, six-building multihousing community located in Basalt, Colorado. JLL worked on behalf of the borrower, Lang Partners and...
2022 multifamily outlook

Freddie looks ahead to 2022

Freddie Mac has released its 2022 Multifamily Outlook report. It predicts that 2022 will be another strong year for multifamily rental housing, both from an operational perspective and as an investment. Where we came from After...
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