National Multifamily Housing Council and InterFace to co-host 2020 student housing conference
The National Multifamily Housing Council (NMHC) and France Media, publisher of Student Housing Business and parent company of the InterFace Conference Group, are pleased to announce that in light of the unparalleled disruptions caused...
Rate Desk will be back Monday
Michael Thomas is remote this week gathering more insights to share. Stay tuned, we'll be back on Monday, June 15.
MassHousing closes on $25.2 million in financing for new, mixed-income and workforce housing community...
MassHousing has closed on a total of $25.2 million in affordable housing financing to WinnCompanies for the development of 125 new rental homes in downtown Lowell. The MassHousing financing will allow WinnCompanies to advance the redevelopment of Lowell’s Hamilton Canal Innovation District, while creating new housing for households...
Stepp Commercial completes $12.8 million acquisition of a 173-unit apartment property in Phoenix
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed $12.8 million acquisition of Ocotillo Apartments, a 173-unit apartment community located at 1780 West Missouri Avenue in Phoenix, Ariz. A...
West Central Phoenix multifamily asset sale brokered by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the $20.7 million sale of Desert Willow, a 280-unit multifamily property in Phoenix, Arizona. Pete...
JLL arranges $22.9 million construction loan for Phoenix development
JLL Capital Markets announced that it has arranged construction financing and joint venture equity for the development of Cabana on 99th, a 286-unit, garden-style multihousing project in Phoenix’s Glendale submarket. JLL worked on behalf of...
Stepp Commercial promotes Long Beach multifamily sales expert Todd Hawke to senior vice president
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, is pleased to announce it has promoted Todd Hawke to Senior Vice President. Todd previously served as Vice President with the firm...
80.8 percent of apartment households paid rent as of June 6
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.8 percent of apartment households made a full or partial rent payment by June 6 in its survey of 11.5 million units of professionally...
Rate Desk Monday, June 8, 2020
June 8, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Choosing the right amenities for market differentiation. Rate Desk notes June 8, 2020 Indices up Crude $38.51 UST yields .87 223(f) 2.55% ...
JLL completes sale of Modera Davis in Portland
JLL Capital Markets announced that it has completed the sale of Modera Davis, a 204-unit, luxury high-end residential community located in Portland, Oregon’s Pearl District. JLL marketed the property exclusively on behalf of the seller,...
JLL arranges $185.63 million financing for Phoenix-area multihousing properties
JLL Capital Markets announced that it has arranged a refinancing totaling $185.63 million for a 1,439-unit portfolio of five multihousing properties in and around Phoenix, Arizona. JLL worked on behalf of the borrower, a partnership...
JLL arranges $48.75 million loan for New Jersey apartment development
JLL Capital Markets announced that it has arranged $48.75 million in financing for the development of Print House by Vermella, a 271-unit, best-in-class apartment building in Hackensack, Bergen County, New Jersey. JLL worked on behalf...
Kiser Group brings 50-unit Forest Park Apartment building to market
520 Rentals, located at 520 Des Plaines Avenue in Forest Park, Illinois, has been listed for sale exclusively by Chicago-based multifamily brokerage firm Kiser Group. The 50-unit, mid-rise building was built in 1960 and...
Rate Desk June 5, 2020
June 5, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. HUD approval mitigants, 223(f) escrows and new HUD issued stat limits. Rate Desk notes June 5, 2020 Indices up, S&P, NASDAQ near...
Rate Desk June 4, 2020
June 4, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Match debt to business plan not vice versa and stay better positioned by watching capital markets. Rate Desk notes June 4, 2020 ...
