Fannie Mae forecasts a downturn in 2023
Fannie Mae’s April economic and housing forecasts anticipate that rising interest rates will cause the U.S. economy to contract in the second half of 2023. While this is expected to reduce the number of...
Census reports strong multifamily housing construction stats in March
The Census Bureau’s new residential construction report for March showed high levels of multifamily permit issuance and rising unit starts. However, multifamily unit completions are not keeping pace resulting in an increase in the...
Permanent financing secured for San Diego Class A apartments
JLL Capital Markets announced that it has arranged $33 million in permanent financing for the Cielo Apartments, a 70-unit, Class A, mid-rise multihousing property located in the Little Italy neighborhood of San Diego, California.
JLL...
Vivo Investment Group acquires 710-hey hotel complex in Baltimore, Maryland
Vivo Investment Group (Vivo) has acquired the dual branded Holiday Inn and Radisson Hotel in Downtown Baltimore’s Inner Harbor with plans to convert the twin tower high rise property into a multifamily community.
The vacant...
Blackstone buys American Campus Communities
American Campus Communities, Inc. (ACC), the largest developer, owner and manager of high-quality student housing communities in the United States, announced that it has entered into a definitive agreement under which Blackstone Core+ perpetual...
Cushman & Wakefield arranges $121 million sale of Gates 4 Multifamily portfolio
Cushman & Wakefield announced that the commercial real estate services firm has arranged the $121 million sale of the Gates 4 Portfolio, a collection of four multifamily properties located in Fairhope, Daphne and Mobile,...
Housing market at inflection point as builder confidence continues to fall
Rapidly rising interest rates combined with ongoing home price increases and higher construction costs continue to take a toll on builder confidence and housing affordability.
Builder confidence in the market for newly built single-family homes...
Capital Square appoints branding and marketing veteran, Jacqueline Rogers, as Chief Communications Officer
Capital Square, a national investment sponsor specializing in tax-advantaged real estate investments, announced that Jacqueline Rogers has joined the firm as chief communications officer.
Rogers built her career at several of the most influential companies...
Yardi Matrix reports on student housing outlook
Yardi Matrix recently presented an updated student housing outlook webinar. While the presentation covered the market as-a-whole, its main focus was on the Yardi 200, a group of top public and private universities that...
Unintended consequences of rent control
A study by the USC Marshall School of Business finds that the recent rent control initiative approved by voters in St. Paul Minn. negatively impacted property values for both renter- and for owner-occupied properties....
NMHC 50 recognizes industry’s top firms
The National Multifamily Housing Council (NMHC) released their 2022 list of the largest firms in the US multifamily housing industry. The firms are ranked by units in buildings with 5 or more units. The...
Construction materials prices follow lumber higher
The Bureau of Labor Statistics (BLS) released its producer price index report for March 2022. It stated that construction materials prices were up 1.5 percent in the month, seasonally adjusted. The index was 23.2...
Modest gains seen for senior housing
A pair of reports, one from CBRE and one from NIC Map Vision, show that the senior housing market has made modest improvements as it recovers from the sharp downturn in occupancy it experienced...
What happens to CRE prices as interest rates rise?
A recent report from Trepp seeks to answer this question by looking at the history of commercial real estate (CRE) price appreciation. The report examined data on price changes in different interest rate environments...
$28.5 million in financing secured for New Jersey multihousing community
JLL Capital Markets announced that it has arranged $28.5 million in permanent financing for The Ashton, a 93-unit, six-story, Class A apartment community in Jersey City, New Jersey.
JLL worked on behalf of the borrower,...
