Multifamily employment rises in February
The Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction employment and apartment operations employment rose in the latest month. Job growth continues The Bureau of Labor Statistics (BLS) reported that...
The Multifamily Group transacts 89 units in Oklahoma City
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of Pelican Hill Apartments, an 89 unit garden-style multifamily asset located in Oklahoma City. Managing...
Cushman & Wakefield arranges $24 million sale of Lexington Park in Cobb County’s Northwest...
Cushman & Wakefield announced that the commercial real estate services firm arranged the $24 million sale of Lexington Park, a 156-unit multifamily property located in Smyrna, Georgia. Cushman & Wakefield’s Travis Presnell, Nathan Swenson, and...
NAHB Power Hitters with Andrew Spencer
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Andrew Spencer, VP, Residential of Peterson Companies. Transcript: NAHB Power Hitters interview. Linda Hoffman with Andrew Spencer, recorded Thursday, February 16, 2023 (music) Linda Hoffman:...
Interra Realty brokers $5.8 million sale of mixed-use apartment building in Chicago’s Ravenswood Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 27-unit multifamily property in Chicago’s Ravenswood neighborhood. The building sold for $5.846 million, equating to $216,518 per...
Marcus & Millichap brokers three-property multifamily portfolio sale in Dallas-Fort Worth
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a three-property, 782-unit multifamily portfolio located in Arlington, Grand Prairie, and...
Multifamily loan delinquencies edge higher
Three reports, two from Trepp and one from the Mortgage Bankers Association (MBA) show that loan delinquencies and other signs of stress are growing for commercial mortgages, although from low levels in the case...
Builders warn Congress WOTUS rule will raise housing costs
Congress received a first-hand account of how the Biden administration’s new waters of the United States (WOTUS) rule is exacerbating the nation’s housing affordability crisis by making home building more inefficient and costly, while...
Multifamily and construction job openings much lower in January
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in January was 10.82 million, down from the preliminary figure reported last...
Standard Communities completes its largest acquisition, bringing 3,200 affordable units into its portfolio
Standard Communities, a major national affordable housing developer and investor, has acquired controlling interest in an affordable housing portfolio of nearly 3,200 units in Florida and Georgia. The transaction is Standard’s largest acquisition. Standard will...
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...
Thompson Thrift sells The Grove Apartment Community in Grand Rapids
Thompson Thrift, a full-service nationally recognized real estate company, announced the sale of The Grove, a 320-unit Class A multifamily community in Grand Rapids. A private real estate investment firm purchased the community for...
NMHC and NAA urge Congress to deploy tax policy to create more affordable housing...
Tax policy is a critical tool that can be used to address the nation’s housing affordability crisis. National Multifamily Housing Council (NMHC) President Sharon Wilson Géno delivered that message to the Senate Finance Committee...
Marcus & Millichap brokers the sale of a 30-unit Coral Springs apartment building for...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fairway Views, a five-story, 30-unit apartment complex in Coral Springs, Florida....
Weather insurance rates on the rise
Yardi Matrix has released a research bulletin describing changes coming to the weather damage insurance market, and to insurance rates, for commercial property in response to recent storms. Where the damages are The report notes that...
