Marcus & Millichap brokers sale of luxury student-housing townhomes in Tallahassee, Florida
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...
Industry associations response to White House Renters Plan
NAHB Chairman Jerry Konter Jerry Konter, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Savannah, Ga., issued the following statement on the White House residential renter package...
HUD proposes new revisions to AFFH rules
On January 19, the Department of Housing and Urban Development (HUD) issued a press release stating its intent to once again amend the rules surrounding HUD's affirmatively furthering fair housing (AFFH) regulations. While HUD...
ABI Multifamily brokers 260-unit West Phoenix apartment community for $49.75 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $49,750,000 / $191,346 Per Unit / $281.24 Per SF sale of Dimension on 27th Apartment...
Trion Properties acquires 104-unit multifamily community in Sacramento, California for $23.6 million
Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, announces the acquisition of 1503 Fulton Avenue, a 104-unit multifamily community located in Sacramento,...
JLL Capital Markets arranges $48 million non-recourse construction financing for Solamar Wildwood
JLL Capital Markets announced that it has arranged $48 million in construction financing for the development of Solamar Wildwood, a 243-unit, build-to-rent townhome and villa community located in Wildwood, Florida and adjacent to The...
Recession coming, but later
Fannie Mae’s January economic and housing forecasts predict a stronger finish for multifamily starts in 2022 and a higher number of multifamily starts in 2023 than did earlier forecasts. However, it also foresees a...
Multifamily property prices again lead decline
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.9 percent in December from their level of the month before. For the second month in succession,...
Avanath Capital Management acquires high-rise apartment community in Brooklyn for $101.25 million
Avanath Capital Management, LLC (Avanath), a private real estate investment management firm, announces the acquisition of 7 DeKalb, a 251-unit multifamily property located in the Brooklyn borough of New York City, New York for...
Housing groups file legal challenge to new WOTUS rule
NMHC joined 16 other housing groups, infrastructure and agricultural organizations, among others, in filing suit yesterday to challenge the recently released Waters of the U.S. (WOTUS) rule. As noted in a statement published earlier this month,...
Multifamily housing permits rise but starts fall in December
The Census Bureau’s new residential construction report for December reported that the number of multifamily permits issued increased but that starts and completions both fell for the month. Starts exceeded completions again leading the...
$24.3 million financing secured for six affordable housing assets in Seattle
JLL Capital Markets announced that it has secured $24.3 million in acquisition financing for a six-asset affordable housing portfolio, consisting of 354 small efficiency dwelling units (SEDUs) located in infill Seattle, Washington. JLL worked on...
Remodeling market sentiment weakened in fourth quarter but remains positive
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter, posting a reading of 66, declining 17 points compared to the fourth quarter of 2021. “Remodelers...
Institutional Property Advisors brokers multifamily asset sale in Greater Los Angeles
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of South Hills Apartments, an 85-unit apartment property in West Covina, California. The $38.25 million sales price equates to $450,000 per...
Construction materials prices move lower in December
The December producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.3 percent in the month, seasonally adjusted, the fourth monthly decline in a row....
