News

“Beauty is the promise of happiness,” wrote 19th Century French writer Stendhal. Beauty “exalts the mind or spirit,” according to Merriam-Webster and “truth, beauty and goodness” are the eternal principles for which the soul...

Here’s the multifamily housing industry take December’s massive government spending law signals the end of two years of Democrat control of the federal government. The law funds federal departments, agencies and programs impacting housing especially favoring...

Home builders met in record numbers in Las Vegas, Nev., Jan. 31-Feb. 2. The International Builders’ Show, the largest light construction show in the world offered over 100 educational sessions including NAHB Economist Robert...

Few are executing new deals amid uncertainty about how high rates will go, what properties are worth, how much rents and operating costs will grow and whether a recession is coming. Higher interest rates have...

Some of our nation’s politicians seem to know very little about basic economic principles despite constantly proposing legislative action on economic issues. Sen. Elizabeth Warren (D–Mass.) and Rep. John Bowman (D–N.Y.) now want federal...

Property rights cases, no matter the sector, are related to the multifamily housing business. One breach is every owner’s problem. Case in point: A Massachusetts town seized a farmer’s $370,000 property to cover a...

President Joe Biden’s Labor Department recently announced a new rule that will permit money managers to play politics with trillions of dollars of people’s retirement savings. The administration is pushing environmental, social, and governance investing,...

The U.S. is in the midst of a crisis of masculinity. According to a new study from the Federal Reserve Bank of Boston, men without four-year college degrees, ages 25 to 54, have left...

The White House recently announced a series of actions that executive branch agencies will take to improve renter protections and “fairness” in the rental housing market. It also released a document called Blueprint for...

Yardi Matrix now projects that the national average asking rent growth in 2023 will be 2.6 percent, down from their previous estimate of 3.1 percent. The decline was driven by a few large markets...

The Sunset Laurel Apartments, located at 1545 North Laurel Avenue in Los Angeles, have sold for $11,000,000. Kidder Mathews’ Senior Vice President Robin D. Ossenbeck represented the seller, N. Laurel, Villa C, LP, a...

While new home sales posted a modest gain in December, elevated mortgage rates and higher construction costs continue to hinder housing affordability and put a damper on consumer demand. Sales of newly built, single-family homes...

Gebroe-Hammer Associates’ Executive Managing Director and East Orange market specialist David Oropeza has brokered the $11.9 million sale of 17 Summit Street and 60 North Arlington Avenue Apartments, two historic East Orange residential properties...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Alivia Apartments, a 128-unit multifamily property in Whittier, California. The leasehold interest of the property sold for $49,625,000,...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Highlands, a 78-bed student housing asset in Tallahassee, Florida. The...