CBRE arranges sale of multifamily asset in Orange County, Calif., for $462 PSF
CBRE announced the sale of a four-unit multifamily property in Orange County, Calif., for $1,590,000, representing 99 percent of the list price and $462 per square foot.
CBRE’s Executive Vice President Dan Blackwell, Vice President...
Economic momentum drives Fannie Mae forecast
Fannie Mae’s July economic and housing forecast reflects the surprising strength of the U.S. economy in early 2023. It predicts a higher level of multifamily starts and single-family starts in both 2023 and 2024...
Interra Realty brokers $1.84 million sale of multifamily building in Chicago’s West Suburbs
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.84 million sale of a 15-unit multifamily property in Forest Park, Ill., located about 10 miles west of Chicago. The...
Newmark facilitates sale of 336-unit value-add multifamily community in Austin’s Silicon Hills
Newmark announces it has completed the sale of Autumn Ranch on Swenson Farms, a 336-unit value-add multifamily asset located in Pflugerville, Texas, in Austin’s Silicon Hills. Newmark Vice Chairman Patton Jones and Managing Director Andrew...
Berkadia arranges loan for acquisition of apartments in Plantation, Florida
Berkadia announces it has arranged financing for Atlantic Pacific Companies and LEM Capital to acquire Verona View Apartments, a 293-unit apartment community in Plantation, Florida.
Senior Managing Director Mitch Sinberg, Managing Directors Brad Williamson, Scott...
DLP Capital hires seasoned multifamily executive Tom Hallock as chief lending officer
DLP Capital, a private real estate investment and financial services firm with more than $4.5 billion of assets under management, today announced that Tom Hallock has joined the firm as Chief Lending Officer. Hallock...
The good and bad of June multifamily property price changes
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in June were unchanged from their level of the month before but down 11.7 percent from their level...
Kidder Mathews welcomes Cushman & Wakefield Executive Managing Director Ric Russell in San Francisco
Ric Russell has joined Kidder Mathews in San Francisco as Executive Vice President and Shareholder. He brings over 35 years of experience specializing in the sale of multifamily properties and residential development projects throughout...
Avanti Residential appoints Richard Bennion as Managing Director
Avanti Residential is pleased to announce the appointment of Richard Bennion as Managing Director, where he will be responsible for strategic growth and institutional capital relationships. With nearly 20 years of experience in the...
SFR rent growth rate down in May
CoreLogic reported that their single-family rent index (SFRI) for May rose 3.4 percent from its year-earlier level. This is down from the 3.7 percent year-over-year SFRI growth reported last month. The year-over-year SFRI growth...
MassHousing to provide $5.2 million in financing for new affordable rental housing for families...
MassHousing is providing $5.2 million in affordable housing financing to the non-profit Way Finders, for the development of the 62-unit Rosewood Way Townhomes for families with a range of incomes in Agawam.
Located in Agawam’s...
Big drop in June multifamily construction starts
The Census Bureau’s new residential construction report for June stated that the number of multifamily permits issued, starts and unit completions were all down sharply for the month. This was on top of downward...
Industry response to White House fee announcement
NMHC:
NMHC members believe that transparency in the cost of rental housing is positive for renters and housing providers alike. While we support the voluntary initiatives included in the White House’s announcement today, we strongly...
Yardi Matrix reports solid rent growth in June
Yardi Matrix reported that national average apartment rent increased $7 in June from the revised level of the month before. The average rent reached $1,726 per month.
Year-over-year rent growth rate continues to fall
The national...
$7.024 million refinancing arranged for a Chicago-MSA multihousing community
JLL Capital Markets announced that it has arranged the $7.042 million refinancing for Gary Manor, a 198-unit, age-restricted, 100 percent HAP multihousing community located in Gary, Indiana within the Chicago-Naperville-Elgin MSA.
JLL worked on behalf...
