Northmarq Finalizes Sale of 95-Unit Build-to-Rent Community West Wind Townhomes in Northern Virginia
A Northmarq specialty Build-To-Rent team led by Ari Azarbarzin and Gabe Tovar has completed the sale of West Wind Townhomes, a 95-unit, build-to-rent community located at 113 Holt Court in Stephens City, a northern...
JLL Arranged $98.4M Construction Financing for the 389-unit Multi-Housing Development at 2125 N Davidson...
JLL Capital Markets announced that it has arranged a $34.5 million LP equity placement and a $98.4 million construction loan for 2125 N Davidson, a 389-unit mid-rise multi-housing development with 13,751 square feet of...
Nova Capital secures financing for 389-unit luxury multifamily development in the Dallas-Fort Worth Metroplex
Nova Capital, a Los Angeles-based real estate capital advisory firm, has announced that it successfully arranged equity and debt financing for the development of Miles One 90, a planned 389-unit luxury multifamily property in...
JLL Capital Markets welcomes Bill Baumann to its multihousing team
JLL Capital Markets announced that Bill Baumann has joined the firm’s multihousing team as a Managing Director in the Chicago office. He will report to Senior Managing Directors Danny Kaufman and Jaime Fink, who co-lead...
Apartment investment environment shows slight improvement in Q2
Freddie Mac recently released its Apartment Investment Market Index (AIMI) for Q2 2024. The national index was up, but only by 0.3 percent in the quarter. The index was up 2.2 percent year-over-year.
Viewing the...
New study finds rent increases in purpose-built student housing linked to broader U.S. rental...
A new study from the National Multifamily Housing Council's (NMHC) Research Foundation examines the purpose-built student housing market's role in overall escalating college costs.
The report, authored by Jack Liebersohn and Jason Lee, finds that...
U.S. economic growth expectations largely unchanged as lockdown restrictions ease
Despite substantial revisions to the components constituting real GDP, headline growth expectations on a quarterly and full-year basis were only slightly changed compared to last month, according to the latest commentary from the Fannie...
Regulations account for nearly one-third of multifamily costs, builders tell Congress
Layers of excessive regulation translate into higher rents, reduced affordability for consumers and on average, account for almost one-third of a multifamily project's development and building costs, the National Association of Home Builders (NAHB) told Congress today.
Testifying...
IPA sells newly constructed multifamily asset in Tarrant County, Texas
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Flats at 901, a 200-unit luxury apartment complex in Euless, Texas.
“The Metroplex’s robust employment and population growth continues...
Jobs market growth stalls
The Employment Situation Report for February from the Bureau of Labor Statistics (BLS) shows little change in employment in jobs categories of interest to builders and operators of multifamily housing.
Total employment
The BLS reported that...
Empire Group Breaks Ground on First Luxury Senior Living Community The Osborn in Scottsdale
Empire Group of Companies, through its luxury urban infill division Aspirant Development, and Brinkmann Constructors have officially broken ground on The Osborn, the first high-end senior living community in Old Town Scottsdale to offer...
NMHC Multifamily Construction Survey explores impact of COVID-19 on the industry
The National Multifamily Housing Council (NMHC) today released a new survey on multifamily construction that found more than half (55 percent) of respondents said that they are currently experiencing construction delays in the jurisdictions...
Pathway to Living completes renovation of senior housing community Azpira Place of Breton in...
Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced it has completed $2.1 million in capital improvements at Azpira Place of Breton, an 81-unit assisted living and memory...
Virginia Housing Names Tammy Neale CEO
Virginia Housing announced that Tammy Neale has been named Chief Executive Officer, effective April 1, 2024.
Neale has led efforts including enterprise-wide planning; organizational development; and diversity and inclusion initiatives to support Virginia Housing's mission...
Interra Realty Brokers $17.5 Million Sale of Apartment Building in Chicago’s Lakeview Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $17.5 million sale of a 60-unit multifamily building in Chicago’s Lakeview East neighborhood. The transaction equated to $291,667 per unit.
Interra...
