Multifamily mortgage originations down year-over-year in Q1
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages were down in Q1 compared to the same quarter in 2020.
Multifamily mortgage lending down
The first chart, below, shows the quarterly...
Job openings up in March
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for March. It shows that the labor market rebounded from a rocky February to return to job growth.
Defining...
5-property seniors housing portfolio in Southeast Florida purchased for $64 million
JLL Capital Markets announced it has closed the $64 million sale of a five-property seniors housing portfolio with properties located throughout Southeast Florida.
JLL represented an undisclosed seller to complete the sale to the buyer,...
JLL Capital Markets adds debt industry veteran Tony Nargi to its Denver office
JLL Capital Markets announced that it has added Tony Nargi as a Managing Director within its multihousing debt and equity placement team in Denver, Colorado. Nargi has 15 years of real estate experience and...
Stepp Commercial completes $2.17 million sale of a vacant 9-unit apartment property in Los...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.17 million sale of Slauson Manor Apartments, a 9-unit apartment property located at 2204 W. Slauson Avenue in Los...
North Ft. Myers apartments sold at a record high price per unit
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Frankie Court Apartments, a 17-unit apartment property located in North Fort...
Rents jump in April
The latest rent reports from Yardi Matrix and Apartment List show strongly positive rent growth for the country as-a-whole in April.
Rents up strongly
Yardi Matrix reported that the national average apartment rent rose $10 in...
Marcus & Millichap Capital Corporation arranges $24.5 million non-recourse cash-out refinance
Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions has arranged a $24.48 million non-recourse loan to provide cash-out and refinance a 207-unit multifamily property in...
Cushman & Wakefield arranges sale on behalf of Elevation Financial Group
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Serenity at Huntsville, a 231-unit apartment community located in Huntsville, Alabama.
Craig Hey and Parker Caldwell of Cushman &...
Jobs market growth disappoints in April
The latest Employment Situation Report from the Bureau of Labor Statistics shows that jobs categories of interest to builders and operators of multifamily housing eked out employment gains in April.
Growth in total employment slows
The...
Newly built, luxury apartments in Portland purchased
JLL Capital Markets announced it closed the sale of Northpointe, a 158-unit luxury multihousing property located in Portland, Oregon.
JLL represented the seller, a partnership between Fore Property Company and Principal Real Estate Investors, to...
Rate Desk with Breea Nunemaker
Yield PRO TV Rate Desk host Michael Thomas talks with Breea Nunemaker, Director of Finance of The Sterling Group, Inc.
Gov. Newsom announces plan to pay rental housing providers 100 percent of rent owed
Gov. Newsom announced his intent to pay rental housing providers 100 percent of rent that’s gone unpaid because of COVID-19.
“This is certainly welcome news, and we applaud Gov. Newsom for his commitment to making...
Dominium announces successful closing of Lakeside Pointe
Dominium, a leading affordable housing owner, developer and manager, announced today that it has acquired Tranquility Bay located in Pearland, Texas. The property, which is being renamed Lakeside Pointe, is a 274-unit mixed income...
Ravens Crest apartments in Virginia purchased for $113 million
JLL Capital Markets announced it has closed the $113 million sale of Ravens Crest, a multihousing property located in Manassas, Virginia, which is around 30 miles from Washington D.C.
JLL worked on behalf of the...
