MBA looks ahead
The Mortgage Bankers Association recently released its commercial real estate finance forecast. It projects a fall-off in commercial lending this year with a recovery starting next year. While the forecast is for commercial lending...
Rate Desk Monday, July 20, 2020
July 20, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Markets are up, new stimulus in the works, and July forbearance falls for fifth straight week. Rate Desk notes July 20, 2020 ...
Trez Capital closes construction loans totaling $12.1 million for two townhome rental communities in...
Trez Capital announced the closing of construction loans for Lotus Company’s two townhome communities, Foxridge and Whisperwood, in Ogden, Utah. The two loans, totaling $12.1 million, are part of Trez’s first financing agreement with Lotus...
Six-building, mixed-use property sold in Austin
JLL Capital Markets announced that it has arranged the sale and financing of the Infinity Residences at The Triangle, an apartment community consisting of 529 units in North Central Austin, Texas. JLL completed the sale...
Multifamily developers report ongoing delays in permitting and starts due to COVID-19
More than half (57 percent) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the fourth edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey. Of those...
New Jersey property gets construction financing for redevelopment
JLL Capital Markets announced it has arranged construction financing for Iron Ore Properties for the development of a 25,000-square-foot mixed-use building with 11 luxury apartments at 104 Baker Street in downtown Maplewood, New Jersey. JLL...
Fairstead appoints Gladys Chen as chief people officer
Fairstead, a fully-integrated real estate firm committed to affordable housing, announced the appointment of Gladys Chen as its first Chief People Officer (CPO). As Fairstead’s new CPO, Chen will provide strategic and operational Human Resources...
Rate Desk Friday, July 17, 2020
July 17, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. How can human-centric design solve challenges in multifamily housing? Rate Desk notes July 17, 2020 S&P up, DOW, NASDAQ down UST yields...
Will COVID send growth to the suburbs?
A report from Marcus and Millichap focuses on the question of whether future growth will be concentrated around central business districts (CBDs) or whether it will move to the suburbs. It considers both factors...
Rate Desk Thursday, July 16, 2020
July 16, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Taking advantage of historic low interest environment, locking in low to control fixed cost. Rate Desk notes July 16, 2020 Indices down ...
Veteran multifamily team led by Greg Austin joins Marcus & Millichap in Houston
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced that veteran multifamily investment specialist Greg Austin, Travis Austin and Jackson Hart have joined...
Granny flats, garage apartments, in-law suites gaining in popularity
According to a new Freddie Mac national study, the growth of accessory dwelling units (ADUs) in the United States has been dramatic, particularly in high-cost areas seeing significant population growth. Freddie Mac’s research, the first-of-its-kind on...
McShane transforms abandoned high-rise into luxury apartments in Clearwater, Florida
McShane Construction Company recently completed the construction of 1100 Apex, an adaptive reuse, mixed-use apartment residence in downtown Clearwater, Florida for GSP Development. Positioned on a 2.1-acre site at 1100 Cleveland Street, the development was...
Pathway To Living welcomes residents to 117-unit Aspired Living of La Grange in La...
Pathway to Living, a Chicago-based developer, owner and operator of seniors housing communities and the seniors housing arm of Chicago-based real estate investor and operator Waterton, announced the opening of Aspired Living of La...
Gebroe-Hammer Associates reports $458.79 million in multifamily sales at midyear 2020
A strong Q1 for Gebroe-Hammer Associates and an agile approach to finalizing multifamily sales transactions during COVID-19’s Q2 have yielded an impressive total of 33 deals sold for $458,791,000 and 3,009 units at the...
