Lack of resales provides boost to new home sales in April
Stabilizing mortgage rates and a lack of resale inventory provided a boost for new home sales in April, even as builders continue to wrestle with rising costs stemming from shortages of transformers and other...
Housing Affordability Coalition statement on congressional letter on housing policy solutions
19 national real estate associations joined together to release a letter to policymakers urging Congress to work with the Biden Administration, housing providers, lenders and other stakeholders to pursue bipartisan solutions to increase the...
Fannie Mae sees higher multifamily housing starts in 2023
Fannie Mae’s May economic and housing forecast reduces the depth of the predicted downturn in multifamily housing starts. It also delays the start of the downturn but leaves the timing of the recovery largely...
Capitalization secured for luxury Cleveland multihousing development
JLL Capital Markets announced that it has arranged $38.5 million in construction financing, in addition to Co-GP equity, for Residences at Bolivar, a 184-unit, Class A, luxury multihousing development with 2,611 square feet of...
Two-year pilot program confirms need for mental health resources in construction
A pilot program focused on mental health issues in the residential construction industry recently confirmed the need for a more deliberate and permanent effort to reduce the stigma of discussing mental health within the...
NAHB launches revised multifamily market survey
The National Association of Homebuilders (NAHB) has introduced a pair of new indexes assessing sentiment within the multifamily industry. These new indexes are a redesigned version of NAHB’s Multifamily Market Survey. Creating the scale The surveys...
Multifamily construction permits and completions fall
The Census Bureau’s new residential construction report for April stated that the number of multifamily construction permits issued and unit completions were down for the month while starts were unchanged from the level reported...
Levin Johnston closes four multifamily transactions in March as San Jose market shows resilience
Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, announces that it closed four multifamily transactions totaling $7.215...
Lawson Chairman, Steve Lawson recognized on Inside Business Power List 2023 Top 20
Lawson is proud to share that Lawson Chairman, Steve Lawson has been recognized on the Inside Business Power List 2023 Top 20. The Inside Business Power List is an annual showcase of decision makers and...
$219.9 million recapitalization arranged for suburban Miami multihousing community
JLL Capital Markets announced that it has arranged the recapitalization of Landmark South, a 631-unit, mid-rise multihousing community in Doral, Florida. JLL worked on behalf of the borrower, JSB Capital Group, to secure the five-year,...
Revitate Cherry Tree acquires sixth workforce housing property
Revitate Cherry Tree (RevCT), a leading private real estate investment platform specializing in acquiring and operating multifamily assets across key U.S. markets, has acquired Tuscany Bay, a 96-unit, well-appointed and highly amenitized multifamily property...
Knighthead Funding provides $24.1 million loan for refinance of multifamily asset in Memphis, Tenn....
Knighthead Funding, LLC (Knighthead) has provided a $24.1 million loan to a joint venture between affiliates of Passco Companies, LLC and Avenida Partners to refinance a newly constructed, Class A 55+ luxury multifamily development...
Single-family starts show gradual improvement in April
A lack of existing inventory and stabilizing mortgage rates helped push single-family production up to the highest rate thus far in 2023 even as builders continue to deal with high construction costs, persistent labor...
CBRE sees slower lending in Q1
A recent report from CBRE says that their commercial mortgage lending momentum index fell in Q1, dropping 33 percent quarter-over-quarter and 53.5 percent year-over year. Dividing the market Unlike reporting from the Mortgage Bankers Association, CBRE...
Inland Empire townhome community trades for $150 million in So Cal’s largest multifamily transaction...
In the largest multifamily transaction in Southern California to close this year, real estate investment firm Archway Equities (Archway) has acquired from 4914 Olive Street Properties LLC, The Paseos at Montclair North, a 385-unit...
