CDC eviction moratorium back at Supreme Court – overturned
Update: On August 26, the Supreme Court lifted the stay on Judge Friedrich's order, meaning that the CDC's eviction moratorium may no longer be imposed nationwide. The vote was 6-3 with Justices Breyer, Sotomayor...
Fannie Mae raises forecast for multifamily housing production
Fannie Mae’s August economic forecast projects lower GDP growth for the rest of 2021, partially offset by higher GDP growth for Q1 2022. Their housing forecast anticipates more multifamily housing starts in 2021 and...
Interra Realty brokers $2.9 million sale of 55-unit mixed-use building in Chicago’s Marquette Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $2.9 million sale of 6710 S. Claremont Ave., a 55-unit mixed-use building in Chicago’s Marquette Park neighborhood that includes six...
C.W. Driver Companies completes $25 million memory care facility for Town & Country Senior...
C.W. Driver Companies, a premier builder serving California for more than 100 years, announced the completion of Grace Gardens, a 50,564 square-foot, two-story memory care facility for Town & Country in Santa Ana that...
Power Hitters with Greg Anderson
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Greg Anderson, SVP of Shea Properties.
Transcript: NAHB Power Hitters interview. Linda Hoffman with Greg Anderson, recorded August 5, 2021
(music)
Linda Hoffman: Once upon...
ABI Multifamily brokers 208-unit South Glendale multifamily apartment community for $32.85 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $32,850,000 / $157,933 Per Unit / $230.69 Per SF sale of Veranda & Sunflower Apartments,...
Infill multihousing community in Miami’s Little Havana area sells
JLL Capital Markets announced that it has closed the $4.1 million sale of Tecela Little Havana, a 16-unit, newly developed, small-scale, urban, infill multihousing community in the Little Havana neighborhood of Miami, Florida.
JLL marketed...
Institutional Property Advisors closes $54 million Greater Phoenix multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Newport, a 204-unit multifamily property in Avondale, Arizona. The asset traded for $54 million, which equates to $264,706 per unit.
“Defined...
Institutional Property Advisors brokers San Antonio multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vecina Apartment Villas, a 297-unit multifamily property in San Antonio, Texas.
“Vecina Apartment Villas, developed by LIV Development in 2020, offers...
Cushman & Wakefield arranges $6.82 million sale on behalf of Arch Companies
Cushman & Wakefield announced the commercial real estate services firm has arranged the $6.82 million sale of Meadowbrook, a 60-unit apartment community located in Foley, Alabama.
Andrew Brown and Craig Hey of Cushman & Wakefield...
DivcoWest and Blackfin purchase 384-unit Raleigh multifamily community
A partnership between DivcoWest and Blackfin Real Estate Investors has completed the purchase of The Proper, a 384-unit residential community located at 403 Wolf Creek Circle in Raleigh, North Carolina. Built as high-end student...
Marcus & Millichap Capital Corporation arranges $20.25 million seniors housing loan
Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has arranged financing of $20.25 million for the development of Meadowview of Davenport, a seniors housing facility...
Multifamily construction sentiment declines in second quarter
Confidence in the market for new multifamily housing decreased in the second quarter, according to results from the Multifamily Market Survey (MMS) released August 19 by the National Association of Home Builders (NAHB). The...
Multifamily housing construction: permits up, starts down
The Census Bureau released its monthly new residential construction report for July 2021. It reported good results for permits, starts and completions compared to long-term averages, if not when compared to recent highs.
Multifamily housing...
Greystone Bel’s Chicago office completes sale of five-property portfolio in Rockford, Illinois totaling $43.3...
Greystone Bel Real Estate Advisors Chicago Office recently closed the sale of the Hampton Portfolio in Rockford, Illinois for $43.3 million. The multifamily portfolio consists of five-properties totaling 582 units, which equates to a...
