News

declining rent growth

Rents continue slide in November

The latest rent report from Apartment List shows that the national average rent growth in November remained negative for the third consecutive month. Rents fell 1.0 percent month-over-month. Year-over-year rent growth remained positive, with...
residential construction jobs

Rising employment reported for multifamily

The Employment Situation Report from the Bureau of Labor Statistics stated that employment in both residential construction and in apartment operations edged higher in November. Economy continues to add jobs The Bureau of Labor Statistics (BLS)...
La Serena

Institutional Property Advisors negotiates Tempe apartment property sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of La Serena, a 160-unit multifamily asset in Tempe, Arizona. “Located in South Tempe, where limited multifamily inventory and extreme barriers to...
Power Pros with Vickie Rodgersvideo

Power Pros with Vickie Rodgers

 Yield PRO TV presents Power Pros. Host Linda Hoffman talks with Vickie Rodgers, VPGM of Cox Communities. Transcript: NAHB Power Pros interview. Linda Hoffman with Vickie Rodgers, VP and general manager of Cox Communities, a...

CoStar: multifamily property prices falling

CoStar reported that its value-weighted index of multifamily property prices was down 1.4 percent month-over-month in October, the fourth monthly decline in a row. However, this index was still up 10.5 percent, year-over-year. The value-weighted...
PURE Midtown

ABI Multifamily brokers 59-unit Midtown apartment community for $21.5 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $21,538,462 / $365,059 per unit / $421.81 per square foot sale of PURE Midtown, a...
video

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...
criminal background checks

Criminal background checks out in NYC?

A measure called the Fair Chance for Housing Act is under consideration by the New York City Council. It would ban the use of using criminal background checks to screen residents in most cases....
job openings hiring

Job openings trend lower in October

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings fell to 10.33 million in October. In addition, last month’s job openings...
The Elle

$99.5 million financing secured for Chicago trophy apartment tower acquisition

JLL Capital Markets announced that it has closed the $99.5 million financing of The Elle, a 496-unit, trophy, high-rise multihousing community in the South Loop submarket of Chicago, Illinois. JLL worked on behalf of the...
The Avant

Trophy Northern Virginia multihousing community trades for $141 million

JLL Capital Markets announced that the $141 million sale of The Avant, a 359-unit, trophy multihousing community located in Reston, Virginia, has closed. JLL represented the seller, Boston Properties, and secured acquisition financing on behalf...
Royal Pines at Marlboro

Age-restricted multihousing community in Central New Jersey trades for $29.9 million

JLL Capital Markets announced that it has closed the $29.9 million sale of Royal Pines at Marlboro, an 89-unit 55+ multihousing community in Englishtown, New Jersey. JLL represented the seller, a joint venture between GRJ...
fannie mae multifamily housing forecast

Fannie Mae sees bigger housing slowdown coming

Fannie Mae’s November economic and housing forecasts predict that both multifamily and single-family housing starts will fall next year by more than they previously expected. The November forecast is the first from Fannie Mae to...
Cleveland Paradise Apartments

Marcus & Millichap arranges the $9.35 million sale of apartments in Hollywood, Florida

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Cleveland Paradise Apartments, a 34,871-square-foot apartment complex in Hollywood, Florida. The...

Rent delinquencies nearly unchanged in Pulse Survey

The “Week 51” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments fell slightly to 13.7 percent, down from the 14.0 percent reported...
Yield PRO