NYC rent declines surpass those of the great recession
New York City rents have fallen more this year than they did during the Great Recession, according to StreetEasy's November 2020 Market Reports.
Driven by the Covid-19 pandemic, Manhattan rents dropped the most out of the three boroughs...
Census reports on multifamily housing construction for March 2020
The Census Bureau released its monthly new residential construction report for March 2020. It presents a mixed picture for multifamily housing construction with some softening of results but from a strong base.
Permits are mixed
The...
$50 million financing arranged for luxury multihousing development near Denver
JLL Capital Markets announced that it has arranged a $50 million construction loan for the development of Polaris Wadsworth Station Apartments, a 276-unit, to-be-built, luxury, garden-style multihousing community in the Denver-area community of Broomfield,...
Cooper Carry-designed Columbia Place opens in Washington, D.C.
Design firm Cooper Carry has announced the completion of Columbia Place, a 12-story mixed-use development that features hospitality, residential and retail offerings in the heart of the Shaw Historic District in Washington, D.C. The...
Taylor Johnson welcomes new client Hubbard Street Group
Taylor Johnson now represents Hubbard Street Group, a Chicago-based real estate investment and development company focused on luxury residential, retail and office developments.
Led by veteran real estate developer John McLinden, Hubbard Street Group is...
Invitation Homes announces $1 billion joint venture with Rockpoint Group
Invitation Homes Inc. announced that it has entered into an agreement with Rockpoint Group, L.L.C. to form a joint venture partnership that will acquire single-family homes to operate as rental residences.
“In Rockpoint, we have...
1,546-bed student housing portfolio sale brokered by the Shin and Zylstra Team of Marcus...
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Rexburg Portfolio, an eight-property, 1,546-bed student housing portfolio located...
$110.25 Million Silicon Valley Apartment Asset Sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Foundry Commons, a recently constructed, 238-unit, luxury apartment complex in San Jose, California. The property sold for $110.25 million.
“Located...
Magma Equities acquires Nashville, Tenn. apartment community for $27 million
Multifamily investment firm Magma Equities has acquired Charleston Hall Apartments, a 194-unit garden-style community in Smyrna, Tennessee (Nashville MSA) in an off-market transaction valued at $27 million.
Charleston Hall increases Magma Equities’ holdings in the...
Rate Desk Friday, July 24, 2020
July 24, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Partnering with employers in the new landscape to capitalize on the trifecta of economics: owners, tenants and employers.
Rate Desk notes July...
2018 Consumer Housing Insights Survey
As part of the supporting data for the NMHC report “Disruption - How Demographics, Psychographics and Technology are Bringing Multifamily to the Brink of a Design Revolution” NMHC commissioned market research conducted by Beck...
Fogelman Properties acquires 312-unit apartment community in Memphis, Tennessee
Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, announces the acquisition of Appling Lakes, a 312-unit apartment community in Memphis, Tennessee.
Built in 1997, Appling Lakes...
NY Dem candidate is on a “rent strike”
In New York City’s well-heeled 12th Congressional District, a housing activist named Pete Harrison is running in the Democratic primary to unseat incumbent Congresswoman Carolyn Maloney. But that’s not the only campaign he’s waging....
Pathfinder Partners acquires value-add multifamily community in Phoenix submarket
Pathfinder Partners, a San Diego-based firm specializing in multifamily real estate investments, has announced the $8.4 million acquisition of Park Paloma—a 60-unit apartment community just south of the Lower Arcadia neighborhood at 2930 North...
North Austin apartment sale completed by Institutional Property Advisors in Texas
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Palo Alto, a newly built 300-unit multifamily property in in Pflugerville, Texas.
“Multifamily transaction velocity slowed last year in response to...
