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Novel Midtown

NAHB Pillars of the Industry finalists 2022

As part of its mission to promote excellence in multifamily home building, the National Association of Home Builders (NAHB) has sponsored the Pillars of the Industry awards for more than 20 years. These awards...

Infographic: The Q4 $1.7 trillion spending plan is now law

Here’s the multifamily housing industry take December’s massive government spending law signals the end of two years of Democrat control of the federal government. The law funds federal departments, agencies and programs impacting housing especially favoring...

The creators

“Beauty is the promise of happiness,” wrote 19th Century French writer Stendhal. Beauty “exalts the mind or spirit,” according to Merriam-Webster and “truth, beauty and goodness” are the eternal principles for which the soul...

High interest rates stymie apartment investment

Few are executing new deals amid uncertainty about how high rates will go, what properties are worth, how much rents and operating costs will grow and whether a recession is coming. Higher interest rates have...

Our perception of skilled trades needs to change

The U.S. is in the midst of a crisis of masculinity. According to a new study from the Federal Reserve Bank of Boston, men without four-year college degrees, ages 25 to 54, have left...
Joe biden white house

White House plans new renter protections

The White House recently announced a series of actions that executive branch agencies will take to improve renter protections and “fairness” in the rental housing market. It also released a document called Blueprint for...
declining rent growth

Yardi Matrix sees slower rent growth in 2023

Yardi Matrix now projects that the national average asking rent growth in 2023 will be 2.6 percent, down from their previous estimate of 3.1 percent. The decline was driven by a few large markets...
Sunset Laurel Apartments

Kidder Mathews sells 28-unit Sunset Laurel apartments for $11 million

The Sunset Laurel Apartments, located at 1545 North Laurel Avenue in Los Angeles, have sold for $11,000,000. Kidder Mathews’ Senior Vice President Robin D. Ossenbeck represented the seller, N. Laurel, Villa C, LP, a...

New home sales inch higher in December but market weakness remains

While new home sales posted a modest gain in December, elevated mortgage rates and higher construction costs continue to hinder housing affordability and put a damper on consumer demand. Sales of newly built, single-family homes...
17 Summit Street

$11.9 million sale of two historic multifamily properties in prime East Orange location

Gebroe-Hammer Associates’ Executive Managing Director and East Orange market specialist David Oropeza has brokered the $11.9 million sale of 17 Summit Street and 60 North Arlington Avenue Apartments, two historic East Orange residential properties...
Alivia Apartments

Los Angeles-area multifamily asset trades for $49.6 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Alivia Apartments, a 128-unit multifamily property in Whittier, California. The leasehold interest of the property sold for $49,625,000,...
The Highlands

Marcus & Millichap brokers sale of luxury student-housing townhomes in Tallahassee, Florida

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Highlands, a 78-bed student housing asset in Tallahassee, Florida. The...

Industry associations response to White House Renters Plan

NAHB Chairman Jerry Konter Jerry Konter, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Savannah, Ga., issued the following statement on the White House residential renter package...
fair housing affh

HUD proposes new revisions to AFFH rules

On January 19, the Department of Housing and Urban Development (HUD) issued a press release stating its intent to once again amend the rules surrounding HUD's affirmatively furthering fair housing (AFFH) regulations. While HUD...
Dimension on 27th Apartment Homes

ABI Multifamily brokers 260-unit West Phoenix apartment community for $49.75 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $49,750,000 / $191,346 Per Unit / $281.24 Per SF sale of Dimension on 27th Apartment...
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