Rising prices impact renters
Freddie Mac recently conducted a 20 question survey of 2000 adult American consumers to assess how the current era of rapidly rising prices is affecting them. Many of the questions dealt with housing, and...
Institutional Property Advisors brokers sale of luxury multifamily asset in Silicon Valley for $193...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Eleanor, a newly constructed, 333-unit Class A multifamily asset, including over 10,500 square feet of retail space. The property is...
$49.45 million loan secured for 224-unit Flagstaff multihousing development
JLL Capital Markets announced that it has arranged $49.45 million in construction financing for the development of Flagstaff Elkwood, a to-be-built, 224-unit multihousing community, along with 6,000 square feet of retail space, in Flagstaff,...
$302 million capitalized for refinancing of a six-property multihousing portfolio
JLL Capital Markets announced that it secured $262 million in debt and $40 million in equity for the refinancing of a six-property, 1,494-unit, garden-style multihousing portfolio scattered across Maryland, Virginia and Alabama.
JLL represented the borrower,...
Builder confidence underwater after falling for eighth consecutive month
Builder confidence fell for the eighth straight month in August as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges. In another sign that a declining...
The Jacobson Company acquires brand-new 217-unit multifamily community in Fort Worth, Texas suburb
The Jacobson Company, a leading private real estate investment and management company, has successfully completed the off-market acquisition of Atlantica at Burleson, a new Class A multifamily community comprising 217 units in the Fort...
Power Pros with Vickie Rodgers
Yield PRO TV presents Power Pros. Host Linda Hoffman talks with Vickie Rodgers, VPGM of Cox Communities.
Learn more about Cox Communities.
Transcript: NAHB Power Pros interview. Linda Hoffman with Vickie Rodgers, VP and general manager...
$9.8 million in financing secured for Jersey City multihousing development
JLL Capital Markets announced that it has arranged $9.775 million in construction financing for One Mallory, a 44-unit, seven-story luxury multihousing development at 70 Fisk Street in Jersey City’s West Side.
JLL represented the borrower,...
Sale of multihousing community in Arizona closes
JLL Capital Markets announced that it has closed the sale of Tempe Metro, a 408-unit, value-add, wrap-style multihousing community in Tempe, Arizona.
JLL marketed the property on behalf of the seller, a joint venture between...
Interra Realty brokers $2.23 million sale of two-building multifamily portfolio in Chicago’s Pilsen Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it negotiated the $2.23 million sale of a two-building multifamily portfolio in Chicago’s Pilsen neighborhood. The properties, which were acquired by separate buyers,...
The Jacobson Company acquires brand-new 217-unit multifamily community in Fort Worth, Texas suburb
The Jacobson Company, a leading private real estate investment and management company, has successfully completed the off-market acquisition of Atlantica at Burleson, a new Class A multifamily community comprising 217 units in the Fort...
Construction materials price rises moderate in July
The Bureau of Labor Statistics (BLS) released its producer price index (PPI) report for July 2022. It stated that construction materials prices were up 0.3 percent in the month, seasonally adjusted. The index was...
Housing affordability falls to lowest level since Great Recession
Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.
According to the National...
Rental vacancy rate declines in Census report
The Census Bureau released its quarterly report on home ownership and occupancy for Q2 2022. It showed that the rental housing vacancy rate was 5.6 percent, down from a level of 5.8 percent in...
Institutional Property Advisors closes Newcastle multifamily property sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cedar Rim, a 104-unit multifamily asset in Newcastle, Washington. The $53 million sales price equates to $509,615 per unit.
“Overlooking Lake...
