Mixed multifamily jobs report for February
The latest Employment Situation Report from the Bureau of Labor Statistics stated that the number residential construction jobs rose for the month, but apartment operations jobs fell. Total employment rises The BLS reported that employment increased...
NAHB Power Hitters with R.J. Pasquesi
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with R.J. Pasquesi, President of KCG Companies, LLC. Transcript: NAHB Power Hitters interview. Linda Hoffman with R.J. Pasquesi, recorded February 24, 2022 (music) Linda Hoffman: Every...
ABI Multifamily brokers 125-unit North Central Phoenix multifamily apartment community for $37.5 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $37,500,000 / $300,000 Per Unit / $360.11 Per SF sale of The Vicinity Apartments, a...
Industry applauds introduction of Choice in Affordable Housing Act
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the introduction of the Choice in Affordable Housing Act, bi-partisan legislation that aims to increase private sector participation in the Section...
The Davies Group at George Smith Partners successfully secures $42.5 million in construction financing...
Malcolm Davies and Zack Streit of The Davies Group at Los Angeles-based George Smith Partners, a premier commercial real estate capital advisory firm, arranged $42.5 million in construction financing for the conversion of a...
West Shore promotes Kristi Sinnott to Vice President of Property Management
West Shore, a multifamily real estate investment firm with a specific focus on the acquisition and management of multifamily assets, has promoted Kristi Sinnott to Vice President of Property Management. In her new role, Sinnott...
RADCO appoints Lisa Hurd as Chief Investment Officer
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced Lisa Hurd has been promoted to Chief Investment Officer (CIO). Hurd, who has served with RADCO for nearly a decade, will...
CoStar reports multifamily property prices rising
A new report from CoStar says that multifamily property prices have resumed their recent rapid rise after a brief slowdown in the middle of last year. CCRSI defined The CoStar report focuses on a relative measure...
Marcus & Millichap completes 220-unit apartment sale in Suburban Chicago
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fox Run Apartments, a 220-unit apartment complex in St. Charles, Illinois. “Built...
Residential construction spending rises in January
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in January was up 1.3 percent from the revised level of the month before. Residential construction spending...
Rent growth accelerates in February
The latest rent report from Apartment List shows that the national average rent rose in February, increasing 0.6 percent month-over-month and 17.6 percent year-over-year. Rent growth and vacancy rates In the four years before 2020 for...
FHFA announces $1.138 billion investment in housing trust fund and capital magnet fund
On February 28, Federal Housing Finance Agency (FHFA) Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives...
The Michaels Organization acquires affordable housing portfolio in Indiana
The Michaels Organization, a national leader in residential real estate with full service capability in development, property management, construction, and investment, announced that it has acquired a 12-property residential portfolio in Indiana. The portfolio...
Single-family and multifamily growth solid but trended in opposite directions in last half of...
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family growth in all small and large metro urban, suburban and rural regional...
Seth Otey joins ZRS Management as Vice President
Multifamily property management firm ZRS Management has announced that Seth Otey has joined the firm as Vice President to oversee its portfolio in the Southeast and Mid-Atlantic regions. He joins ZRS as a counterpart...
