Rent growth rises heading into spring
The latest rent report from Apartment List shows that the national average monthly rent growth in March was a positive 0.5 percent, up slightly from last month’s increase and the second positive month in...
Institutional Property Advisors arranges $173 million in financing for three new mixed-use multifamily...
IPA Capital Markets (IPA), a division of Marcus & Millichap, specializing in capital markets services for major private and institutional clients, arranged $173 million in construction and related financing for three mixed-use multifamily projects...
Institutional Property Advisors negotiates $54 million Los Angeles multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Haven Warner Center, a 205-unit multifamily asset in the Warner Center, a master-planned neighborhood and business hub in Los Angeles,...
$18.239 million in financing secured for affordable multihousing community in Indiana
JLL Capital Markets announced that it has arranged the $18.239 million acquisition financing for Cambridge Estates, a 358-unit, garden-style affordable apartment community in Lafayette, Indiana. Approximately 41 percent of the units are covered by...
SCOTUS grants major victory for property rights
The U.S. Supreme Court announced that two property owners in Montana will have their day in court to prove that the U.S. Forest Service illegally encroached on their land. It reversed lower courts that...
Multifamily property price decline continues
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 2.7 percent in February from their level of the month before. This was the largest month-over-month decline...
JLL Capital Markets hires Alex Possick to join its multihousing investment sales and advisory...
JLL Capital Markets announced that it has welcomed Director Alex Possick to its multihousing investment sales and advisory team. Possick sits in the Denver office and reports to Managing Director Pam Koster and Senior Managing Director...
Market conditions begin to improve, though costs and delays remain significant
The March edition of the NMHC Quarterly Survey of Apartment Construction & Development Activity once again found small improvements in terms of more limited price increases, slightly fewer construction delays and some easing in...
Fannie Mae forecasts later recession
Fannie Mae’s March economic and housing forecasts shift the timing of the expected recession to later in 2023 than predicted in recent forecasts. This change in outlook ripples through their forecasts for other economic...
GSEs supply most new multifamily mortgage debt in Q4
A Mortgage Bankers Association (MBA) report shows that the government sponsored entities (GSEs), Fannie Mae and Freddie Mac, accounted for most of the growth in multifamily mortgage debt holdings in Q4 2022. The MBA reported...
Multihousing asset in coastal California secures $13.1 million in financing
JLL Capital Markets announced that it has closed the $13.1 million acquisition financing for The Independent, a Class A, 61-unit multihousing asset located in Sand City, California within Monterey County. JLL marketed the property on...
New home sales remain relatively flat in February
Higher mortgage rates and home prices, as well as increased construction costs contributed to lackluster new home sales in February, but signs point to improvement later in the year. Sales of newly built, single-family homes...
NMHC, NAA release apartment industry’s 2023 policy priorities
The nation's housing supply imbalance and related affordability issues top the list of 2023 apartment industry policy priorities released by the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA). Specific issues of concern...
Rent control hurts housing supply, new research finds
New research from the National Apartment Association (NAA) highlights the unintended and detrimental consequences of rent control. The research, conducted by NDP Analytics and commissioned by NAA, shows that a staggering 70 percent of...
NAHB releases salary, bonus and benefit data for 39 jobs across the home building...
Throughout the economy and across all sectors, millions of people have quit their jobs looking for better work-life balance, benefits, location or pay—a phenomenon now commonly referred to as the Great Resignation. These challenges...
