Fannie Mae lowers multifamily housing starts forecast
Fannie Mae’s December economic and housing forecasts predict a larger decline in multifamily housing starts over the next two years than in earlier forecasts. The single-family housing starts forecast was revised higher for 2023...
ABI Multifamily brokers 41-unit West Phoenix apartment community for $6,765,000
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $6,765,000 / $165,000 Per Unit / $327.38 Per SF sale of Venture on 19th, a...
Levin Johnston completes $27 million sale of upgraded 60-unit multifamily community in Fremont, California
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, has successfully directed the sale of Victoria Park, a...
Single-family production continues to sag, multifamily permits weakening
Single-family housing starts continued to fall in November, with the pace of construction down 32 percent since February when mortgage rates began to rise. The housing market continues to weaken because stubbornly high construction...
Stop Wall Street Landlords Act introduced
Three California Democrats have introduced Federal legislation intended to discourage corporate ownership of single-family rental housing by changing tax law to make such ownership unprofitable. The bill, designated House Resolution 9246, is sponsored by...
ECI Group announces sale of The Columns at Timothy Woods Apartments in Athens, Georgia
ECI Group (ECI) announces the sale of The Columns at Timothy Woods apartments at 2035 Timothy Road in Athens, Georgia to Fogelman Properties. The 204-unit, 1996-vintage community was acquired by ECI in April 2019....
Construction delays and high costs persist, but conditions may begin to improve
The December edition of the NMHC Quarterly Survey of Apartment Construction & Development Activity found small improvements in terms of the share of respondents experiencing construction delays and deals being repriced up, but conditions...
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group hires second Nashville broker, continues local expansion
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group announced it has hired Tyler Mayo as Managing Director to support the firm’s brokerage activities throughout Tennessee. Mayo joins Ian Anderson, who was hired as the Sunbelt Multifamily...
Reflecting a weakening housing market, builder confidence declined every month in 2022
High mortgage rates, elevated construction costs running well above the inflation rate and flagging consumer demand due to deteriorating affordability conditions have dragged builder sentiment down every month in 2022. Builder confidence in the market...
Fox Meadows in Tualatin sells for $19.35 million
Kidder Mathews is pleased to announce that it has closed the sale of the Fox Meadows Apartments—a 95-unit garden-style community located in Tualatin, Oregon—for $19,350,000. Kidder Mathews multifamily investment brokers Tyler Linn, Jordan Carter, and...
Sale of mixed-use community in Atlanta MSA closes
JLL Capital Markets announced that it has closed The Fieldhouse, a 252-unit, Class A, mid-rise, multihousing community with 10,112 square feet of commercial space located within the Atlanta MSA in Lawrenceville, Georgia. The property...
Fed forecasts higher interest rates, slower growth ahead
While the big news coming out of the recent meeting of the Federal Open Market Committee (FOMC) was their decision to raise the Fed Funds rate by another half point, the Federal Reserve also...
The Mogharebi Group arranges more than $18.35 million sale of 66-unit final phase of...
The Mogharebi Group (TMG) has arranged the $18.365 million sale of the 66-unit Samish Station 3, the third and final phase of Samish Station, a 119-unit multifamily community in the Puget Sound city of...
Interra Realty brokers $2.66 million sale of multifamily property on Chicago’s West Side
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 35-unit multifamily property in Chicago’s Austin neighborhood for $2.66 million. The property, 5550 W. North Ave., traded...
Cushman & Wakefield arranges $92 million in refinancing for Aura Boca
Cushman & Wakefield announced that the real estate services firm served as the exclusive advisor to institutional investors advised by J.P. Morgan Global Alternatives in the procurement of $92,000,000 of financing for Aura Boca, a...
