Commercial property owner sues L.A. County over eviction ban
The owner of a commercial building filed a lawsuit challenging Los Angeles County’s moratorium on commercial evictions. The lawsuit is the first to challenge a commercial eviction moratorium.
Howard Iten is a retired auto mechanic who leases his garage...
Comptroller DiNapoli, Mayor Palmieri, Doyle Hardware Building LLC, CPC & Empire State Development celebrate...
The Community Preservation Corporation (CPC) joined New York State Comptroller Thomas P. DiNapoli, Senior Advisor to Governor Cuomo for Upstate Economic Development John Maggiore, Utica Mayor Robert Palmieri, the development partners of Doyle Hardware...
Infographic: Everyone is essential
UPDATED: April 30, 2020
30+ million unemployed
Breaking the previous record of 695,000 from 1982. Not counted are part-time, self—employed and gig workers who have also lost their livelihoods.
50 million deaths from Spanish Flu 1918-1919
234 thousand...
Cushman & Wakefield arranges sale on behalf of Alliance Residential Company and The Carlyle...
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Broadstone Junction, a 290-unit apartment community located in Norcross, Georgia, a suburb northeast of Atlanta.
Robert Stickel and Alex...
Parc Station apartments near Fort Lauderdale purchased
JLL Capital Markets announced that it has closed the sale of Parc Station, a 336-unit Class A apartment community in Hollywood, Florida, part of the greater Fort Lauderdale area.
JLL worked on behalf of the...
Apartment industry statement on the extension of the National Flood Insurance program
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on the extension of the National Flood Insurance Program (NFIP).
“The National Multifamily Housing Council and the National Apartment Association applaud Congress...
Rent growth flatlines in September
Yardi Matrix reported that national average apartment rent growth stalled in September with rent remaining unchanged from their August level at $1,718 per month.
YoY rent growth rate slide continues
The national average apartment rent was...
Castle Lanterra Properties sells Watergate Pointe in Annapolis, MD to TPG Real Estate Partners...
Castle Lanterra Properties (CLP), a New York-based national real estate investment firm, announced the sale of Watergate Pointe in Annapolis, Maryland to TPG Real Estate Partners (TREP), the dedicated real estate equity investment platform...
JLL Capital Markets Arranged the Sale and Acquisition Financing for the 314-Unit AMLI Design...
JLL Capital Markets announced that it has closed the sale and arranged the acquisition financing for AMLI Design District, a 314-unit, Class A, mixed-use, high-rise multi-housing asset located in Dallas, Texas.
Originally built in 2013,...
The Skilled Labor Fund announces contribution for training
The Skilled Labor Fund, through the National Housing Endowment, the philanthropic arm of the National Association of Home Builders (NAHB), provided over $57,000 to address the shortage of skilled labor entering the residential construction market. The funding...
Institutional Property Advisors closes $102.5 million Greater Phoenix multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Aventura, a 408-unit multifamily asset in Avondale, Arizona. The property sold for $102.5 million, or $251,225 per unit.
“Located adjacent to...
Rent growth blooms in spring
Yardi Matrix reported that national average apartment rent was up $8 in March compared to the level of the month before at $1,721 per month. The national average year-over-year apartment asking rent growth was...
NMHC/NAA response to President Trump’s State of the Union Address
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) in response to President Trump’s State of the Union address.
“NMHC and NAA applaud President Trump’s focus on economic growth and job...
The rise of the forever renters
Sustained high interest rates in the U.S. have made mortgages unpalatable to many, though the Federal Reserve recently signaled an end to more rate hikes.
There has been a dearth of inventory of homes for...
Construction starts on Chicago area TOD after $14 million loan from Knighthead Funding
Knighthead Funding, LLC has provided Noah Properties Chicago with a $14.36 million construction loan for the Roselle Apartments (Roselle), a multifamily community in the Chicago submarket of Glendale Heights/Lombard.
When completed in the first quarter...
