Landmark Properties Announces Closing on The Mark at Tallahassee in Partnership with Manulife Investment...
Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces its third project in a build-to-core joint venture with Manulife Investment Management. The Mark...
$68.96m in Capital Secured for a Minnesota Multi-Housing Development Community
JLL Capital Markets announced that it has arranged joint venture equity and construction financing, totaling $68.96 million, for Golden Triangle Station, a mid-rise multi-housing development located in the Golden Triangle neighborhood of Eden Prairie,...
ABI Multifamily Brokers Tucson MSA 160-Unit Multifamily Apartment Community for $19,500,000
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $19,500,000 / $121,875 Per Unit / $207.84 Per SF sale of Via Alamos Apartments, a...
Job openings much lower in July
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in July was 8.83 million, down 338,000 openings month-over-month. In addition, last...
JLL Closes Sale of a Core Twin Cities Multihousing Community
JLL Capital Markets announced today that it has closed the $74.7 million sale of and the financing for Millennium Edina, a rare, 227-unit, mid-rise multi-housing community located within suburban Minneapolis in Edina, Minnesota.
JLL Capital...
Multifamily property prices rise in July
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in July, the first month-over-month increase since June 2022. However, this index fell 18.0 percent year-over-year.
The value-weighted index of non-multifamily...
Fannie Mae examines multifamily construction pipeline
The multifamily commentary that accompanied Fannie Mae’s monthly forecast for August reported on the number of units in the multifamily construction pipeline. In doing so, it used data from Dodge Data and Analytics (Dodge).
Starts...
Standard Communities Leads Public Private Partnership Acquiring 100% Affordable Community in Hawaii
Standard Communities, a major national affordable housing investor and developer, has led a public-private partnership with the State of Hawaii, United States Department of Housing and Urban Development (HUD), Honolulu-based Stanford Carr Development, the...
MSCI: Multifamily property prices up in July
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in July were up 0.1 percent from their level of the month before but still down 12.2 percent...
$193m Financing Arranged for Gold Coast Multi-Housing Project
JLL Capital Markets announced that it has arranged the $193 million non-recourse construction financing for Pathside, a 605-unit to-be-built, luxury high-rise apartment building located in the Journal Square neighborhood of Jersey City, New Jersey.
JLL...
Marcus & Millichap Capital Corporation Arranges $3.25 Million Refinancing for Two Multifamily Properties in...
Marcus & Millichap Capital Corporation, a leading provider of commercial real estate capital markets financing solutions, arranged $3,250,000 for the refinancing of The Pines and, two multifamily properties located at 4605 Georgia Pines Drive...
Institutional Property Advisors Closes Multifamily Asset Sale
Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Charles Drive, a 67-unit multifamily property in Manchester, Connecticut.
"Manchester is home to a large population of renters working in the
aerospace,...
Fannie Mae forecasts lower multifamily starts
Fannie Mae’s August economic and housing forecast predicts higher single-family starts but lower multifamily starts than did last month’s forecast.
Multifamily starts slow
The current forecast for multifamily housing starts is shown in the first chart,...
IRR reports multifamily cap rates rising
Intergra Realty Resources (IRR) released its 2023 Mid-Year Viewpoint Summary, an update to its annual Viewpoint report. Unlike the year-end report, the update does not discuss the state of the US economy but rather...
Higher rent increases seen in latest Pulse Survey
The “Week 60” edition of the Census Bureau’s Pulse Survey shows that the portion of renters who are reporting that their rent increased in the last 12 months has been rising. The most common...
