ULI welcomes new Americas executive committee members
Eight real estate industry leaders have joined the Americas Executive Committee (AEC) of the Urban Land Institute (ULI), a global membership organization dedicated to providing leadership in the responsible use of land and in...
Stepp Commercial completes $2.6 million sale of an 8-unit value-add apartment property in West...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.6 million sale of an eight-unit, value-add apartment property located at 11969 Iowa Avenue in West Los Angeles. Principal Kimberly...
Conor Commercial Real Estate further expands into multifamily market with hire of Senior Vice...
Conor Commercial Real Estate is pleased to announce that Janet Protas has joined the firm as Senior Vice President–Multifamily. In this role, Janet will be responsible for overseeing multi-family efforts and growing its development...
Voters evenly split on Prop 21
Results of a Berkeley IGS Poll indicate that likely voters are evenly divided on Prop 21, the rent control initiative which is on the November ballot in California. The big picture The results of the poll...
It’s still a good time to invest in apartments
Freddie Mac recently released its Apartment Investment Market Index (AIMI) for Q2 2020. While the index was down slightly from the Q1 reading, it was still up for the year. Defining AIMI Freddie Mac developed the...
Rate Desk Wednesday, September 23, 2020
September 23, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. With capital sources slowing down on lending, HUD FHA construction financing remains available to keep your construction projects going. Rate Desk notes...
Avison Young completes sale of 4.11 acres of land for 60-unit townhome development in...
Avison Young announced it has completed the $9.936 million sale of 4.11 acres of land (2.75 acres buildable) located at 28719 Los Alisos Boulevard in Mission Viejo, CA. The buyer, a prominent national builder...
Westmount Realty Capital acquires garden-style multifamily community in Arizona
Westmount Realty Capital announced the acquisition of Urban Trails at the District, a two-story, garden-style apartment community located at 1620 W Southern Ave. in fast-growing Mesa. The 156-unit multifamily community consists of one- and...
Luxury North Phoenix multifamily asset sale brokered by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Liv North Valley, a 385-unit luxury multifamily asset in Phoenix, Arizona. The property sold for $90 million, which equates to...
Rent Payment Tracker: payments still down slightly
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 90.1 percent of apartment households made a full or partial rent payment by September 20 in its survey of 11.4 million units of professionally...
Comparing urban and suburban apartment markets
RealPage recently held a webinar where they discussed the differences between the recent performance and the future prospects of the urban core apartment markets compared to the more suburban markets. Inspiration for this webcast came...
Best properties and PMCs by reputation
Online reputation management company, Reputation.com, has analyzed its database of 3 million customer reviews of more than 70,000 multifamily properties to compile a list of the best properties and best property management companies. How good...
Luxury multifamily asset sale brokered by Marcus & Millichap in South Texas
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Northshore Place, a 224-unit multifamily property in Portland, Texas. “Portland is the...
Sponsored: Engaging the five renter types
When a potential renter walks through your doors, are you positioned to understand their specific needs? In a recent Assurant study, we’ve outlined five specific renter types and their psychographic data so you can...
Gelt, Inc. buys 164-unit apartment community in Gresham, Oregon for $30 million
Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has acquired Silverwood Apartments for $30 million. The 164-unit property is located at 4777 SW 11th St.,...