Marcus & Millichap arranges the sale of Summerhill at Meadowcrest, a 28-unit apartment building...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Summerhill at Meadowcrest, a 28-unit apartment property located in Crystal River,...
Jobs coming back, but slowly
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for June. It shows that the jobs market is continuing to recover from the COVID-19 induced shutdowns, but...
CBRE arranges $16.3 million 1031 exchange sale of Hartford workforce housing portfolio
CBRE announced the 1031 sale of the Hartford Workforce Housing Portfolio, which consists of 217 apartments, for $16.3 million. The sale included 873 West Boulevard and 748 New Britain Avenue in Hartford, Conn., comprising...
Trion Properties acquires 80-unit apartment community in San Leandro, California
Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, has acquired Creekside Apartments, an 80-unit multifamily community in San Leandro, California, for $20.5 million. The transaction is Trion’s...
2020 Sustainable Living Index results released
AMLI Residential, a leading developer of sustainable, multifamily properties, announced the results of its fourth annual Sustainable Living Index. This year’s survey polled a record 4,891 AMLI apartment residents asking how their opinions on...
Multifamily property values fall in Q2
CoStar recently released its quarterly report on the change in value of commercial property in the United States. This article looks at the part of the report that deals with multifamily property values. Defining the indices The...
Rate Desk Wednesday, August 12, 2020
August 12, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. HUD/FHA loan refinance options, building customer service increases resident retention. Rate Desk notes August 12, 2020 Indices up UST yields .67 Crude...
Construction material prices rise on higher lumber prices
The Bureau of Labor Statistics (BLS) released its producer price index report for July 2020. It showed that the BLS price index of materials and components for construction was up 0.5 percent from June,...
Parkview Financial provides $7.2 million construction loan for 20-unit apartment property in Washington D.C.
Parkview Financial announced it has provided a $7.2 million construction loan to GA Views Management, LLC for the completion of The Views at Georgia Avenue, a Class A, 20-unit apartment property. Located at 3557...
$20.5 million refinancing secured for Garabrant in New Jersey
JLL Capital Markets announced that it has arranged a $20.5 million refinancing for Garabrant in Jersey City, New Jersey. JLL worked on behalf of the borrower, Point Capital Development, LLC, to place the 10-year, fixed-rate...
Money Talks with Joe DeFelice
You loved him in Rate Desk. He was a hit in NAHB POWER HITTERS. Host Michael Thomas’ introduces MONEY TALKS—the latest addition to the Yield Pro TV network. MONEY TALKS brings the real story...
$24.126 refinancing secured for the Enclave at Northwood in Clearwater
JLL Capital Markets announced that it arranged the $24.126 million refinancing for the Enclave at Northwood multihousing community located at 2690 Enterprise Road E. in Clearwater, Florida. JLL worked on behalf of the borrower, JWC...
Gebroe-Hammer’s Niko Nicolaou orchestrates $9.75 million sale of two-property multifamily portfolio in Journal Square...
In the heart of Jersey City’s trendy and newest revitalized neighborhood—Journal Square—Gebroe-Hammer Associates’ Executive Vice President Niko Nicolaou has arranged the $9.75M sale of a two-property multifamily portfolio. Combined, 618-620 Summit Ave., and 88-94...
CBRE arranges sale of Bell Stoughton
CBRE announced that it has arranged the sale of Bell Stoughton, a Class A multifamily community located at 400 Technology Center Drive in Stoughton, MA. CBRE Capital Markets’ multihousing experts Simon Butler, Biria St. John...
August starts with strong rent payments
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.3 percent of apartment households made a full or partial rent payment by August 6 in its survey of 11.4 million units of professionally...
