Valet Living Announces Promotion of Steve Davis to President of MultiPro Property Solutions
Valet Living, the leading residential amenities provider to the multifamily housing industry, announced Steve Davis as President of MultiPro Property Solutions, the premier apartment turns provider in the U.S. MultiPro Property Solutions is owned...
Sack Properties promotes David Feinberg to chief investment officer
Sack Properties (Sack), a San Francisco-based real estate investment and management firm with a $750 million portfolio of nearly 2,500 multifamily units throughout the west coast, announced today the promotion of David Feinberg to...
JLL Represents Developer Lightstone in Refinancing for 430-unit Multifamily Property at 365 Bond Street...
JLL Capital Markets announced that it has arranged a $165,584,000 refinancing for 365 Bond Street, a 430-unit multi-housing property in the Gowanus neighborhood of Brooklyn, New York.
JLL represented the borrower, Lightstone, a diversified privately...
Joint Venture of PCCP, LLC and Alliance Residential Acquires 251-Unit Apartment Property Prado in...
A joint venture of PCCP, LLC and Alliance Residential has acquired Prado, a 251-unit, mid-rise apartment community located at 3560 Rambla Place in Santa Clara, California for $125 million ($498,000 per unit).
“PCCP is pleased...
Franklin Street arranges $10.8 million sale of value-add multifamily property in Tampa, Florida
Franklin Street has arranged the sale of French Quarter Apartments, a 57-unit, 50,585-square-foot multifamily community in Tampa, for $10.75 million, equating to $188,596 per unit.
Franklin Street’s Tampa Multifamily Investment Sales Team of Avery Jordan,...
Cushman & Wakefield arranges sale on behalf of Saban Real Estate
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Forest Village and Woodlake, two student housing/conventional apartment community hybrids totaling 352 units or 704 beds located in...
Housing starts weaken in July as market slowdown continues
A sharp decline in single-family home construction is another indicator that the housing slowdown is showing no signs of abating, as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act...
Rate Desk Monday, June 22, 2020
June 22, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Freddie Forward rate lock: great when rates are rising, not so great when rates are falling.
Rate Desk notes June 22, 2020
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Multihousing property in Murray Hill sells for $8.7 million
JLL Capital Markets announced that it has completed the $8.7 million sale of 121 East 37th St., an 8,850-square-foot multihousing building in New York’s Murray Hill neighborhood.
JLL represented the seller. Kay-Medix acquired the newly...
FHA releases 2018 annual report to Congress
The Federal Housing Administration (FHA) today released its 2018 Annual Report to Congress on the economic condition of the agency's Mutual Mortgage Insurance Fund (MMI Fund). FHA reports that at the end of Fiscal...
CPP Announces Acquisition of Two Affordable Housing Communities in Santa Fe New Mexico
Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer has entered the Santa Fe market with the acquisition and planned renovation of two developments in the city: Sangre De Cristo Apartments and Santa...
Infographic: Let my workers go
The release of America
As Americans fights to return to work and businesses begin to re-open, a funny thing is happening. Nothing.
0 increase in C19 cases in places restrictions were lifted People are getting back...
CBRE arranges sale of 30-unit multifamily community in Westminster, California
CBRE announced the sale of a 30-unit multifamily community in Westminster, Calif., to a private investor for $10 million.
CBRE’s Executive Vice President Dan Blackwell and Senior Associate Andrew Boukather represented the buyer and seller...
Eastham Capital Sells Fairmount Meadows Apartments in Milwaukee for $12.75M
Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, along with their partner Chicago-based Bender Companies, a multifamily owner-operator...
12 percent of multifamily mortgage balances mature in 2024
Twenty percent ($929 billion) of the $4.7 trillion of outstanding commercial and multifamily mortgages held by lenders and investors will mature in 2024, a 28 percent increase from the $729 billion that matured in...
