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...
NAHB Power Hitters with John Thatch
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with John Thatch, Senior Vice President of Design Innovation for DAHLIN Architecture | Planning | Interiors. Transcript: NAHB Power Hitters interview. Linda Hoffman with...
Banks increase holdings of multifamily mortgage debt in Q3
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt holdings shows that banks and thrifts again had by far the largest net increase in multifamily mortgage holdings in Q3 2022. The MBA...
Berkadia arranges $36 million loan for acquisition of Cube WYNWD
Berkadia announces it has secured a $36.18 million loan for the acquisition of Cube WYNWD, a boutique Class-A building in Miami’s Wynwood neighborhood. Managing Director Scott Wadler of Berkadia Miami secured the financing on...
$16.333 million financing secured for Santa Rosa affordable housing project
JLL Capital Markets announced that it has arranged the $16.333 million construction financing of The Cannery at Railroad Square, a 129-unit affordable housing project located in Santa Rosa, California. This transaction marks the first...
Joint venture of PCCP, LLC and The Bainbridge Companies, LLC to develop a 411-unit...
PCCP, LLC and The Bainbridge Companies, LLC are pleased to announce a joint venture for the ground-up development of Bainbridge Wesley Chapel, a 411-unit, Class A, garden-style apartment community located along State Road 56...
Rent growth turns negative in November
Yardi Matrix reported that national average apartment rent growth turned negative in November with rents falling $9 from October’s revised level to $1,719 per month. YoY rent growth rate slide continues The national average asking apartment...
Marcus & Millichap completes dual Southwest multifamily asset sales
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Hub and 6500 South, two multifamily assets located in Dallas...
Student housing community at Baylor University trades to Waterway Family Funds
JLL Capital Markets announced that it has closed the sale of 11th Street Flats, a 134-bed / 45-unit student housing community adjacent to Baylor University in Waco, Texas. JLL represented the seller, Newsome Development and Investments....
Construction materials prices continue to fall
The November producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.2 percent in the month, seasonally adjusted, the third monthly decline in a row....
Yardi Matrix updates rent growth forecast
A research brief from Yardi Matrix projects that the national average asking rent growth in 2022 will reach 7.6 percent, up from their previous estimate of 6.9 percent. However, their rent growth forecast for...
Ariel Property Advisors arranges $33.6 million sale of six-building multifamily portfolio in The South...
Ariel Property Advisors (Ariel) arranged the $33,600,000 sale of a portfolio comprised of six multifamily elevator buildings located at 111-119 Tudor Place, 1170-1176 Walton Avenue and 309 East 164th Street in the Concourse and...
Stepp Commercial completes $9.325 million sale of 24-unit apartment property in Signal Hill, California
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $9.325 million sale of a 24-unit apartment property located at 1867 Temple Avenue in Signal Hill, a city completely...
Growing demand and construction costs lead universities to get creative
Quality student housing and other amenities have proven to be key considerations for attracting and retaining top students at colleges and universities. As the cost of construction and need for financial subsidies both increase,...
Institutional Property Advisors brokers $116 million multifamily asset sale in Metropolitan Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Liv Crossroads, a 356-unit multifamily property in Gilbert, Arizona. The $116 million sales price represents $325,843 per unit. “Adhering to the...
