Ryan Companies hires Marcy Phillips as vice president of real estate development
Ryan Companies US, Inc. has named Marcy Phillips its new Vice President of Real Estate Development, out of its Austin location. Phillips started at Ryan Companies mid-April to oversee its Multifamily sector in the...
COVID-19 hits jobs
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for March. It is the first report to cover a period of time when the reaction to the...
Rate Desk May 18, 2020
May 18, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. House passes $200 billion HEROES Act providing $100 billion to rental assistance. Rate Desk notes May 18, 2020 Indices up, session high ...
38-unit Queen Anne Apartment building sells for $9.035 million
Queen Anne Gardens, a 38-unit apartment building located at 1250 5th Avenue N. in Seattle, Washington, has sold for $9,035,263. The buyer, Milestone Properties, a Seattle-area apartment investment and management company, acquired the property...
Dunleer sells The Abbott, a six-unit apartment property in Highland Park neighborhood of L.A.,...
Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $2.375 million sale of The Abbott, a fully occupied six-unit apartment property located at 400 N Avenue 54 in the Highland...
JLL arranges $181.54 million financing for 4 North Texas apartment properties
JLL Capital Markets announced that it has arranged a $181.54 million refinancing of four apartment communities totaling 1,489 units located around the Dallas area in North Texas. JLL worked exclusively on behalf of the borrower,...
May rent collections running ahead of last month’s rate
The NMHC rent tracker project has released its second reading on rent collections in the month of May. A total of 87.7 percent of residents had made a payment by May 13, 2020. This...
Rate Desk May 15, 2020
May 15, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Bond markets, industry valuations, and risk mitigation with debt service reserves. Rate Desk Notes May 15, 2020 Indices up Crude up $29.71 ...
JLL selected by BRP Companies to arrange joint venture equity for $286 million Archer...
JLL Capital Markets was selected by BRP Companies to arrange joint venture equity financing for the construction of the $286 million Archer Towers project. The residential development is located at 163-05 Archer Avenue in...
Rate Desk May 14, 2020
May 14, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Setting up for future development with historic refi potential. Rate Desk Notes May 14, 2020 Indices up Crude up $27.68 UST yields...
$43+ million sale of Bayside Cove Apartments in Central Jersey brokered by Gebroe-Hammer Associates
Gebroe-Hammer Associates has brokered the $43.45M sale of 125 Class A units at Central Jersey’s Bayside Cove, a newly constructed townhome-style rental community in South Amboy, N.J. The firm’s market specialists Executive Managing Director...
Rate Desk May 13, 2020
May 13, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Market impact forecasted for 12 months and cash mitigates uncertainty. Rate Desk Notes May 13, 2020 Indices down Crude up $25.82 UST...
Construction material prices fall in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April 2020. It showed that overall prices for processed goods for intermediate demand fell by 3.7 percent, the fourth monthly drop...
Rate Desk May 12, 2020
May 12, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Exploring alternative financing and development options to diversify portfolios. Rate Desk May 12 notes: Indices down Crude up $25.26 UST yields $32...
Evergreen Real Estate Group expands national affordable housing portfolio
Chicago-based Evergreen Real Estate Group, a leader in the acquisition, development, rehabilitation and management of both affordable and market-rate multifamily housing, announced it has been retained to manage affordable housing communities comprising a total...
