Rent growth slows in November
The latest rent report from Apartment List shows only marginal rent growth month-over-month in November. Nationally, rents rose 0.1 percent for the month, although they were up 17.7 percent year-over-year. Rent increases The first chart, below,...
CoStar reports multifamily property price rise slowing
A new report from CoStar says that multifamily property prices continued their recent rise in October, although the rate of price gains has moderated recently. CCRSI defined The CoStar report focuses on a relative measure of...
NAHB Power Hitters with Robert Freed
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Robert Freed, Chief Executive Officer of SummerHill Housing Group. Transcript: NAHB Power Hitters interview. Linda Hoffman with Robert Freed, chief executive office of...
Residential construction spending reported down in October
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in October was down 0.5 percent from the revised level of the month before. However, spending was...
Developer buys $29 million trophy value-add property near Sunset Strip in West Hollywood
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Terraces at La Cienega, a 42-unit apartment property located just steps from the world-famous Sunset Strip in West Hollywood, California. Paul...
Institutional Property Advisors negotiates metroplex multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Jameson at the Bluffs, a 387-unit multifamily asset in Fort Worth, Texas. “Positioned within the Samuels Avenue historic neighborhood, The...
Property owner sues East Orange, New Jersey, for stealing $80,000 in equity
An East Orange property owner filed a lawsuit challenging a state tax scheme that allowed the city to take her entire property for paying taxes late, or roughly $80,000 more than she owed. Lynette Johnson...
JLL’s D.C. Capital Markets team appoints multihousing co-lead
JLL Capital Markets announced that it has hired Bret Thompson as a Senior Director in its Washington, D.C. office. Thompson will co-lead the multihousing investment sales and advisory practice alongside Senior Director Robert Jenkins. Thompson...
$84.35 million sale of multihousing community near Boston closes
JLL Capital Markets announced that it has closed the $84.35 million sale of and arranged $60.9 million in acquisition financing for Eliot on Ocean, a 194-unit, transit-oriented, Class A multihousing community in the greater...
$45.5 million refinancing secured for Village Manor and Palisades Manor
JLL Capital Markets announced that it has arranged $45.5 million in financing for two multihousing properties totaling 321 units in the northern New Jersey communities of Nutley and Palisades Park, New Jersey. JLL worked exclusively...
Avison Young brokers $15.5 million sale of 2651-2657 Broadway
Avison Young’s New York office announced that it has arranged the sale of 2651-2657 Broadway, a mixed-use building on the corner of Broadway and West 101st Street in New York. The 36,730-square-foot (sf) Upper...
Indianapolis multihousing community refinanced for $26.872 million
JLL Capital Markets announced that it has arranged a $26.872 million refinancing for The Lakes Apartments, a 232-unit multihousing community in Indianapolis, Indiana. JLL worked on behalf of the borrower, NTS Development Company, Louisville, KY,...
TCN Worldwide announces Vince Provenzano as a Regional Vice President
H. Ross Ford, president and CEO of TCN Worldwide, is pleased to announce Vince Provenzano, President of Brokerage at Pacific Coast Commercial/TCN Worldwide will serve as the new regional vice president for the West...
Statement from NAHB Chairman Chuck Fowke on Sen. Capito’s Clean Water Act Legislation
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement on Sen. Shelley Moore Capito's (R-W.Va.) legislation to codify the 2020 Clean Water Act...
JLL’s EPC team brings on property condition assessment specialist
JLL’s Valuation Advisory group announced today that Javier Seda-Romero has joined its growing Environmental and Property Condition (EPC) team as a Project Management Director specializing in property condition assessments. In his new role, Seda-Romero will...
