23 Million residents on the move
Remote working may be here to stay leading millions of residents to relocate. Many large U.S. businesses have made their work at home policy permanent. Others have extended their remote work policies through 2021. It’s...
Don’t just wait for the storm to pass. Learn to dance in the rain.
The COVID-19 pandemic continues to disrupt public health and economic activities across the globe. While the full impact remains to be seen, commercial real estate professionals are best prepared for continued challenge. In the commercial...
Interra Realty arranges $5.78 million sale of luxury apartment building in Chicago’s Lincoln Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $5.78 million sale of 1513-17 W. Diversey Parkway, a 12-unit luxury apartment building in Chicago’s Lincoln Park neighborhood. The price...
Cushman & Wakefield arranges $85.2 million sale on behalf of JEM Holdings and Zavala...
Cushman & Wakefield has arranged the $85.2 million sale of six properties totaling 872 units on behalf of JEM Holdings and Zavala Capital Group. Three of the properties are located in Atlanta, two are...
Rate Desk Wednesday, October 28, 2020
October 28, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. ROI with cash‐on‐cash returns and real quantitative metrics to measure social impact of CRE investment. Rate Desk notes October 28, 2020 Indices...
Assessing the state of the CRE market
DLA Piper, a global business law firm, recently released its annual State of the Market Survey, assessing the commercial property market. The survey was conducted among commercial real estate (CRE) executives in August and...
Institutional Property Advisors brokers Central Dallas-Fort Worth apartment complex sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Destino, a 192-unit apartment property in Grand Prairie, Texas. “Dallas-Fort Worth, the nation’s fourth-largest metropolitan area, offers competitive advantages for...
Money Talks with Winston Crowley
Yield PRO TV Money Talks host Michael Thomas talks with Winston Crowley, VP Investment Officer for UMB Bank.
Stonebridge acquires 324-unit Raleigh, North Carolina apartment community
StoneBridge Investments of Washington, DC, has acquired The Columns at Wakefield, a 324-unit rental apartment community in Raleigh, NC. Howard Jenkins and Kevin Kempf of CBRE Southeast Multifamily represented the seller. The new ownership...
Westridge Gardens refinanced with agency loan
JLL Capital Markets announced that it has arranged refinancing for Westridge Gardens, a 136-unit multihousing property in Phoenixville, Pennsylvania. JLL worked on behalf of the borrower, an affiliate of Relative Properties, LLC, to secure the...
ULI talks housing
The Urban Land Institute (ULI) recently held their Virtual Fall Meeting. One of the many sessions presented there discussed the state of, and the prospects for, the housing industry. The presentation took the form...
Fannie Mae lends $24.375 million for Colorado townhome community
JLL Capital Markets announced that it has arranged $24.375 million in acquisition financing for The Point at Biscay, formally known as Outlook Biscay, a 96-unit, Class A townhome community in Aurora, Colorado. JLL worked on...
Brown promoted to Assistant Director of Affordable Housing Compliance
S. L. Nusbaum Realty Co. is pleased to announce that Kelley Brown has been promoted from HUD Compliance Specialist to Assistant Director of Affordable Housing Compliance. Kelley has been with the firm for 19 years....
Landlords sue CDC over illegal eviction ban
In a lawsuit filed on Friday, October 23, landlords are challenging the nationwide ban on evictions imposed by the Centers for Disease Control and Prevention. The landlords say that the CDC’s ban violates the...
October apartment market conditions showed some rebound from COVID-19 impacts
Apartment market conditions moderated in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for October 2020, as the industry continues to cope with the ongoing COVID-19 pandemic. While the Sales Volume...
