Middleburg Communities welcomes industry expert Brad Case as chief economist & director of research
Middleburg Communities has named Brad Case, PhD, CFA, CAIA as Chief Economist and Director of Research for the company, to provide analytical support for C-level buy/sell/develop and market focus tactical decisions. “Brad Case is one...
Banks increase share of multifamily mortgage debt in Q2
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt shows that the GSEs continued to be the largest source of net new multifamily mortgage funds in Q2. However, for the first...
Institutional Property Advisors closes mixed-use asset sale in San Antonio
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Mosaic on Broadway, a 120-unit multifamily complex with 15,593 square feet of retail in San Antonio, Texas. “The Mosaic on...
Twin Cities multihousing community trades for $30.25 million
JLL Capital Markets announced that it has closed the $30.25 million sale of Eagle Pointe, a 216-unit, garden-style multihousing community in the Twin Cities suburb of West Saint Paul. JLL sold the property on behalf...
Infographic: Digital exposure
World Economic Forum (WEF) announced the results of its first global simulation in October, 2019, predicting a catastrophic pandemic. Months later the world was hit with COVID. Their latest sim predicts a worldwide cyber...
Infographic: Pandemic pivot
Lockdowns fueled yet another wave of automation for many property management businesses. AI and 5G are expected to continue the momentum as the internet of things continues to grow and expand. 3 million jobs...
Infographic: Infrastructure bill
The $1.2 trillion bipartisan bill contains just $550 billion in new spending. The remainder are annual allocations for highways and other infrastructure. New spending includes: $110 billion roads and bridges $66 billion railroads $65...
Forecasts predict slower growth, higher inflation
A pair of economic forecasts, one from Fannie Mae and one from the Federal Reserve project lower growth and higher inflation for the rest of 2021 than did earlier forecasts by the same agencies. Fannie...
Levin Johnston expands northwest reach; negotiates sale of prime multifamily property in Portland, Oregon
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 announced the sale of a two-property multifamily portfolio...
RCA: Multifamily property prices up in August
A report from Real Capital Analytics (RCA) said that multifamily property prices rose 13.5 percent in the year to August. This is the highest annual rate of price appreciation seen for this asset class...
Institutional Property Advisors finalize Northwest San Antonio apartment asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Axis at The Rim, a 308-unit apartment property in The Rim, a master-planned, mixed-use development in the Forest Crest neighborhood...
Pam Weber joins NAA as NAAEI Vice President
The National Apartment Association (NAA) announced Pam Weber, CAE as the next Vice President of the NAA Education Institute (NAAEI). Weber brings a wealth of association experience to NAA, working as a highly respected manager...
Kiser Group announces promotion for North Side advisor Rick Ofman to Director
Kiser Group, Chicagoland’s leading multifamily brokerage firm, announces a new promotion. Rick Ofman has been promoted to Director after five years with the company. As Director, Rick will continue to specialize in the sale...
Parkview Financial provides $28.5 million loan for hotel conversion project to feature 351 apartment...
Parkview Financial announced it has provided a $28.5 million loan to CS-ICM 5, LLC for the conversion of a former 436-key hotel and resort property into a 351-unit apartment complex with retail and restaurant...
Berkadia arranges $42 million refinancing for luxury apartments in West Palm Beach
Berkadia announces it has arranged the $42 million recapitalization of Alora at West Palm Beach, a 270-unit luxury apartment community in the heart of West Palm Beach, Florida. Senior Managing Director Charles Foschini and...
