Barrington Brothers Complete The Kavista Apartment Community in Miami’s Historic Neighborhood
Barrington Brothers, managed by Arthur and Kenneth Barrington, announces the opening of The Kavista, a 282-unit apartment community in the Village of El Portal in Miami-Dade County. The Kavista marks the Barrington Brothers' fourth...
Multifamily CMBS delinquency rate and loan loss severity rise in June
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher in June, rising 66 basis points. While the multifamily CBMS delinquency rate is still well below the rates for...
Employment growth slows in June
The Employment Situation Report from the Bureau of Labor Statistics reported that overall employment growth in June fell sharply from the gain initially reported for last month. In addition, employment growth for the previous...
Homeownership in America remains resilient
Renter nation? Not yet! says data from U.S. Census Bureau that reveals homeownership in America remains resilient. Again, Jay Parsons, head of investment strategy at Madera Residential, punctures narratives with facts, this...
Chevron deference and BPS
One of my favorite lines from “Raiders of the Lost Arc” is “They are digging in the wrong place!” That is exactly how I feel with people interpreting the recent overturning of the 1984...
Construction employment returns to growth in May
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in May was 8.14 million. This was reported to be up 221,000...
Multifamily property prices move higher in May
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in May, the first rise after 8 straight months of declines. In addition, last month’s reported decline of 1.4 percent...
Joint Venture Between Rockefeller Group and MGL Partners Commences Construction on 264-Unit The Juniper...
Rockefeller Group and MGL Partners have joined forces to start building The Juniper on Mainstreet, a 264-unit multifamily community located in downtown Parker, Colorado. The project is expected to cost over $107 million.
The Juniper...
Rise48 Equity Makes Two Multifamily Acquisitions, W Flats and Matthews Pointe Apartments, in Charlotte
Rise48 Equity, a leading multifamily investment group, recently announced their recent acquisitions of W Flats Apartments (247 units) and Matthews Pointe Apartments (100 units) in Charlotte, North Carolina.
Both properties will be rebranded to "Rise...
Colliers Secures $62M Refinancing for East Boston Apartment Community Addison
Colliers has arranged a $62 million refinancing for Addison, a 230-unit apartment community in East Boston, Massachusetts.
The Colliers team, including Jeffrey Black, Bryan Koop, Sean Burke, Kevin Phelan, and Matthew Lombardi, secured the loan...
Sares Regis Group Announces Luxury Multifamily Development The Martin in Sunnyvale is Completed and...
Leasing is underway at The Martin, a new 479-unit, apartment community in downtown Sunnyvale, California. The 12-story project, a development of Sares Regis Group of Northern California (SRGNC), is located at 240 S. Taaffe...
RXR and Korman Communities Acquire New 400-Unit Luxury Multifamily Development The Blake in Phoenix
A joint venture between RXR and Korman Communities acquired The Blake, a 400-unit luxury multifamily community in Phoenix, Arizona. The property was sold by a joint venture between StreetLights Residential and an affiliate of...
EAH Housing Begins Construction on Permanent Supportive Housing Development Agave in Altadena California Near...
EAH Housing, one of the largest and most respected nonprofit housing development and management organizations in the western United States, in partnership with Union Station Homeless Services, has started construction on Agave, a 58-unit...
Thompson Thrift to Develop 344-Unit Luxury Multifamily Community The Landing at Lemay in Fort...
Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop The Landing at Lemay, a 344-unit Class A multifamily community in Fort...
Berkadia Arranges Sale of Treasure Coast Development Site to Miami Developer Rilea Group
Berkadia announced that it has arranged the sale of a 22-acre multifamily development site in the fast-growing city of Port St. Lucie, Florida to Ciprés, a newly formed real estate development firm led by...
