Software without a soul
With the release of AI tools like Bing Chat and Bard, people are starting to realize how helpful AI (artificial intelligence) can be to their daily lives. But as with most products used with...
Rents on the move
Yearly rent growth turned negative for the first time since the beginning of the COVID era. March rent levels dipped 0.40 percent following eight months of decelerating growth, and six months of single-digit growth...
Change the channel
Podcasts continue to grow rapidly all around the world. Podcast statistics and reports show that this medium is exploding in many countries with more listeners each year. Podcast stats tell more about how modern consumers...
Rent delinquencies stabilize in latest Pulse Survey
The “Week 56” edition of the Census Bureau’s Pulse Survey shows that the portion of renters with rent delinquencies rose to 13.1 percent, up from the 12.4 percent reported in the Week 55 survey...
Mixed picture for CMBS in March
Two reports from Trepp give conflicting indications of the health of the CMBS market with one showing declining delinquency rates but the other showing rising special servicing rates. CBMS delinquencies edge lower One monthly Trepp report...
Sale of northwest Austin multihousing community closes
JLL Capital Markets announced that it has arranged the sale of Caliza, a 270-unit, Class A, garden-style apartment community in the northwest Austin suburb of Cedar Park, Texas. JLL worked on behalf of the seller,...
Multifamily construction activity falls back in March
The Census Bureau’s new residential construction report for March stated that the number of multifamily permits issued, starts and completions all fell from last month's high levels. Once again, there were more starts than...
NAHB Power Hitters with Alan Scott
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Alan Scott, founder of NRP Group. Transcript: NAHB Power Hitters interview. Linda Hoffman with Alan Scott recorded Thursday, March 2, 2023 (music) Linda Hoffman: C.S....
Camino Verde Group acquires Sherwood Apartments
Las Vegas-based real estate investment and development firm Camino Verde Group recently acquired Sherwood Apartments in Midtown Las Vegas. Located just east of Las Vegas Boulevard, the 10-unit building will be a welcome addition...
FCP acquires 360-unit Amber Grove at Olley Creek Apartments in Marietta, Georgia for $51...
FCP announces the $51.0 million acquisition of Amber Grove at Olley Creek Apartments, a 360-unit garden apartment community at 2050 Austell Road in Marietta, GA. FCP has invested in 34 properties since its entry into...
Post Road Management acquires multifamily portfolio totaling 1,002 units in Wichita, Kansas
Post Road Management, a full-service real estate investment and management company, has acquired a portfolio of 11 multifamily communities, all located in Wichita, Kansas and the greater metro area. With this purchase, Post Road has...
460-unit sale of multihousing community between Buffalo and Niagara Falls, NY trades
JLL Capital Markets announced that it has closed the sale of Town Hall Terrace, a 460-unit multihousing community located in Grand Island, New York. JLL marketed the property on behalf of a private owner who...
The Mogharebi Group completes sale of 92-unit apartment community in Fresno for $11.4 million
The Mogharebi Group (TMG) has arranged the $11.4 million sale of the 92-unit Northbrook Apartments in Fresno, California. Located at 584 E. Bullard Ave., Northbrook Apartments is a single-story, garden-style apartment community with a unit...
Lack of existing inventory continues to support builder sentiment
Builders remained cautiously optimistic in April as limited resale inventory helped to increase demand in the new home market even as the industry continues to grapple with building material issues. Builder confidence in the market...
Construction materials prices up for the month
The March producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.5 percent for the month, seasonally adjusted. This is after a string of 4...
