JLL closes sale of Southwest Houston apartments
JLL announced today that it has closed the sale of Mark VI, a 144-unit, value-add multi-housing community in Southwest Houston’s affluent Bellaire submarket.
JLL marketed the property exclusively on behalf of the seller, AK Interests,...
128-unit apartment complex in Phoenix, Arizona sells for $8,725,000
Puesta Del Sol, a 128-unit apartment complex located at 8818 S. Central Avenue in Phoenix, Arizona, has sold for $8,725,000. The buyer was Urban Communities, a real estate development and redevelopment company that focuses...
ANF Group Celebrates Topping Out of Mixed-Use University Station Development in Hollywood Florida Along...
ANF Group, Inc., a full-service construction firm providing construction management, general contracting, development, and design-build services to the South Florida market, celebrated the topping out of University Station, a new $100 million, mixed-use development...
Rent Payment Tracker finds rent payment rate at 95 percent of prior month
The National Multifamily Housing Council (NMHC) found that 89 percent of apartment households made a full or partial rent payment by April 19 in its survey of 11.5 million units of professionally managed apartment units across the country,...
Tidewater Capital Receives Final Approvals on 289-Unit Project in West Oakland and 381-Unit Project...
Tidewater Capital (“Tidewater”), a San Francisco-based real estate investor and developer focused on the Bay Area, received final approvals for both 533 Kirkham, a 289-unit residential development in West Oakland, as well as a...
Multifamily builder and developer confidence down in Q1
Confidence in the market for new multifamily housing weakened significantly in the first quarter of 2020, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The survey was...
GDP downturn still expected, but later
Fannie Mae’s November economic and housing forecast still predicts that GDP growth will turn negative, but not until later than in their prior forecasts.
With the November forecast, Fannie Mae’s forecasters are now providing estimates...
Luxury Living Meets Unparalleled Convenience in the Heart of Chattanooga at Populus Waterside
Populus Waterside, the luxury apartment community located on Gunbarrel Road in Chattanooga, Tennessee, is now leasing and has welcomed its first residents.
Situated at the north end of Chattanooga's dominant retail corridor, Populus Waterside provides...
Grubb Ventures, Stiles sell luxury multifamily development The Carolinian in Raleigh, North Carolina
A joint venture of Stiles Residential Group (SRG), a division of Fort Lauderdale-based Stiles, and Raleigh-based Grubb Ventures has sold The Carolinian, a new 186-unit luxury apartment mid-rise in one of Raleigh’s most exclusive...
IRR assesses the state of the CRE market
Intergra Realty Resources (IRR) released its Viewpoint 2022 report on the CRE market. The report states that the economy has strong momentum going into 2022, but that the markets may not be adequately pricing...
Construction materials prices move lower in December
The December producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.3 percent in the month, seasonally adjusted, the fourth monthly decline in a row....
Fifield Cos. Goes Vertical on Wynwood Station, the 210-Unit Luxury Mid-Rise Rental in Miami’s...
Developer Fifield Cos. announced construction is underway on Wynwood Station, its 210-unit, transit-oriented development (TOD) at 45 NE 27th St. in Miami’s burgeoning Wynwood neighborhood. Located one block from the planned Brightline light rail...
Construction materials prices edge higher as lumber rebounds
The Bureau of Labor Statistics (BLS) released its producer price index report for December 2020. It showed that the BLS price index of materials and components for construction was up 0.8 percent from November,...
Power Hitters with Margaret Allen
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Margaret Allen, CEO of AGM Financial Services, Inc.
Trepp examines refinance risk
A recent report from Trepp looked at the amount of securitized debt on multifamily property that is expected to come due over the next 2 years and estimated that 42 percent of that debt...
