Housing starts rise 1.9 percent on multifamily surge
Gains in multifamily production pushed overall housing starts up 1.9 percent in March to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from the U.S. Department of Housing and Urban Development...
Milhaus appoints Scot Sellers as lead independent director
Scot Sellers, formerly the Chairman and CEO of Archstone and the chairman of the National Association of Real Estate Investment Trusts, has been appointed Lead Independent Director of Milhaus. Sellers brings 37 years of real...
Alpha Wave Investors completes 10th full-cycle property investment
Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has completed its tenth full-cycle property investment with the sale of Skyline Park...
Marcus & Millichap brokers $11.35 million sale of mixed-use building and development site in...
Marcus & Millichap, today announced the sale of a 53,931-square-foot, mixed-use commercial loft building located at 1040 W. Huron St. in the rapidly developing River West neighborhood of Chicago. This asset sold for $11.35...
Production volume and profits down in 2017 for independent mortgage bankers
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016, the Mortgage Bankers Association (MBA)...
Jonathan Rose Companies named top acquirer of affordable housing in 2017
Jonathan Rose Companies, a leading green real estate investment, development, and project management firm, has been named the #1 acquirer of affordable housing properties in the nation in a recent survey conducted by Affordable...
Builder confidence slips one point, remains in solid territory
Builder confidence in the market for newly built single-family homes edged down one point to a level of 69 in April on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) but remains on firm...
Yardi acquires coworking technology firm Phoenix Broadband Ltd.
Yardi announced today the acquisition of Phoenix Broadband Ltd., an innovative business technology firm specializing in infrastructure and hardware solutions for shared workspaces. Based in Stirling, Scotland, Phoenix Broadband is known for its Medusabusiness brand....
ClosetMaid enhances its popular ExpressShelf pre-finished shelf and rod system
ClosetMaid has responded to high demand for its ExpressShelf pre-finished shelf and rod system by launching additional hardware options that enable more configurations and applications. The new ExpressShelf hardware makes full walk-in and wall-to-open shelving...
Parallel Capital Partners sells parcel at Arizona Center for residential high-rise development
San Diego-based Parallel Capital Partners has sold a nearly one-acre parcel within its 16-acre Arizona Center Project – a mixed-use center, located at 3rd and Van Buren Streets in downtown Phoenix – to Florida-based North American Development...
2018 NMHC 50 demonstrates strong and continued apartment growth
The apartment sector continued its strong economic run last year, reflected in the National Multifamily Housing Council’s (NMHC) newly released 2018 NMHC 50—the authoritative ranking of the nation’s largest apartment owners, manager, developers, builders...
HUD joins Justice Department in nationwide initiative to combat sexual harassment in housing
Today, as the U.S. Department of Housing and Urban Development (HUD) and the Department of Justice recognizes the 50th Anniversary of the Fair Housing Act, Secretary Carson and Attorney General Jeff Sessions announced the...
Stiles wins big at BOMA Southern Region TOBY Awards
Stiles Property Management announced today they won three regional TOBY® (The Outstanding Building of the Year) awards at the BOMA Southern Region Conference held on April 7th at the Margaritaville Hollywood Beach Resort in...
Prism putting finishing touches on Edison Lofts building at Edison Village in Downtown West...
This spring, Prism Capital Partners’ is putting the finishing touches on the Edison Lofts building at Edison Village, its industrial-to-residential redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange,...
$42.15 million apartment asset trades hands in Tampa
Institutional Property Advisors (IPA), a division of Marcus & Millichap announces the sale of Hanley Place, a 400-unit multifamily community located in Tampa, Florida. The $42.15 million sales price equates to $105,375 per unit. “Hanley...
