Rent Payment Tracker: September payments down 4.4 percent
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 72.0 percent of apartment households made a full or partial rent payment by September 6 in its survey of 11.7 million units of professionally...
Cushman & Wakefield arranges $41 million sale on behalf of Ytech
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Ocean House, a 186-unit multifamily property in the North Beach area of Miami Beach. The final sale price...
Cushman & Wakefield arranges $34.65 million sale on behalf of Park Partners
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Vue on 67th, a 178-unit apartment community located in Davie, Florida. The final sale price was $34.65 million.
Calum...
Multihousing community refinanced for $16 million in Jacksonville, Florida
JLL Capital Markets announced that it has arranged a $16 million refinancing for Canopy Place, a 150-unit, townhome-style multihousing community in Jacksonville, Florida.
JLL worked on behalf of the borrower, Beachwold Residential LLC, to secure...
Fastest home building activity continues in suburban, exurban communities
Residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI) released by the National Association of Home Builders...
FCP expands Atlanta footprint with $116 million investment in three apartment acquisitions totaling 808...
FCP has announced its acquisition of three Atlanta-area apartment communities within the past three weeks, marking the company’s fourth, fifth and sixth Atlanta apartment investments in 2021. The firm invested $116 million in Springdale Glen,...
Multifamily jobs markets mixed in August
The latest Employment Situation Report from the Bureau of Labor Statistics stated that residential construction jobs were up but apartment operations jobs were down.
Total employment grows slowly for the month
The BLS reported that the US...
Cushman & Wakefield arranges $41.25 million sale on behalf of Coastline Management Group Inc....
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Parc Place Villas, a 300-unit apartment community located in Tampa, Florida, on behalf of Coastline Management Group Inc....
ABI Multifamily brokers South Glendale 276-unit multifamily apartment community for $42 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42,000,000 / $152,174 Per Unit / $233.50 Per SF sale of Solano Pointe Apartments, a...
Decron Properties acquires multifamily community in Tempe for $106.5 million
Decron Properties continued its rapid expansion into the Phoenix MSA with its acquisition of Broadstone Grand, a 300-unit multifamily community in Tempe Arizona for $106.5 million.
Since entering the market in May of this year,...
Residential construction spending continues to rise
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in July was up 27 percent year-over-year.
Improvements offset single-family
The reported value of total private residential construction put...
JCHS reports on landlords under stress
Harvard’s Joint Center for Housing Studies (JCHS) recently issued a report assessing how landlords are faring during the COVID pandemic. The report studied how their rent collections and business practices changed between 2019 and...
CoStar reports steady rise in multifamily property prices
A recent report from CoStar says that commercial property prices in general, and multifamily property prices in particular, continued their recent strong performance in July.
CCRSI defined
The CoStar report focuses on a relative measure of...
Rapid rent growth continues in August
The latest rent report from Apartment List shows strongly positive rent growth for the country as-a-whole. Rents were up month-over-month and year-over-year in all of the 50 largest metro areas.
Rent increases continue
Apartment List reported...
Avison Young arranges the sale of The Gallery, a 10-unit mixed-use property in Laguna...
Avison Young announced it has arranged the sale of The Gallery, a 10-unit mixed-use property located at 326-336 North Coast Highway in Laguna Beach, California (Orange County). The property consists of seven apartments units...
