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...
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...
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...
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 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...
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 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 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...
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 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...
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,...
$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...
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...
