Friday, May 3, 2024

News

Housing block

California’s builders and YIMBYs are at loggerheads over a bill cracking down on ‘unchecked sprawl.’ Activists who would like to see more housing built and people who build housing for a living would seem...
Springs at Alamo Ranch

MLG Capital purchases Class A apartment property in San Antonio

MLG Capital—a national leader in diversified private real estate investments—announced its acquisition of Springs at Alamo Ranch, located at 11211 Westwood Loop in San Antonio. The Class A, 227,000 sq. ft. multifamily property features...

Yardi Matrix talks COVID-19 and multifamily

On April 1, Yardi Matrix held a webinar to discuss the impact of the COVID-19 outbreak on the multifamily housing industry. The webinar ran for 90 minutes, including the question session. Highlights of the...
jobs market hiring process

The jobs market rebound begins

The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for May. It shows how the jobs market is responding to the economy being reopened after the COVID-19...
The Kavista

$60 million in financing secured for a multihousing development in Miami

JLL Capital Markets announced that it has arranged $60 million in construction financing for The Kavista, a 282-unit, eight-story multihousing development located in the El Portal neighborhood of Miami, Florida. JLL worked on behalf of...

Westlawn Gardens receives national community planning award

The U.S. Department of Housing and Urban Development (HUD) and the American Planning Association (APA) today announced Wisconsin’s largest public housing community, Westlawn Gardens, the HUD Secretary’s Opportunity & Empowerment Award. Jointly presented by HUD...

NMHC releases latest student housing income and expense benchmarking survey

Proximity and building size drive rents for student housing properties according to the National Multifamily Housing Council 2019 Student Housing Income and Expense Report. “This report provides student housing operators and developers with critical financial...

Parkview Financial provides $38 million loan for the development of a 168-unit multifamily property...

Parkview Financial announced it has provided a $38 million construction loan to Hunington Properties for the development of a 126,500-square-foot, mixed-use multifamily project. The six-story apartment building, located on 1.38-acres at 1107 Shepherd Drive...
Naismith Hall

Student housing dormitory near University of Kansas sells

JLL Capital Markets announced that it handled the sale of Naismith Hall, a student housing dorm-style community totaling 504 beds, located on campus at the University of Kansas in Lawrence, Kansas. JLL represented the seller,...

Statement from NAHB Chairman Chuck Fowke on Supreme Court OSHA Vaccine Mandate Ruling

Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement after the U.S. Supreme Court voted 6-3 to stay the Biden administration's enforcement of...
apartment price growth

Multifamily property prices continue sharp rise in January

A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 22.5 percent year-over-year in January and that they rose 1.9 percent from the month before. Defining CPPI Real Capital Analytics tracks an...
Traverse Apartments

Class A apartment community in Lakewood secures fixed-rate permanent financing

JLL Capital Markets announced that it has arranged fixed-rate refinancing for Traverse Apartments, a newly constructed, Class A, 281-unit, luxury apartment community located within the Denver metro in Lakewood, Colorado. JLL worked on behalf of...
51 Glen Eyrie Ave

Levin Johnston completes sale of 24-unit multifamily community in one of San Jose’s most...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, announces its most recent multifamily transaction: the sale of...
British Woods

JLL arranges $10.296 million financing for British Woods in suburban Knoxville

JLL Capital Markets announced that it has arranged a $10.296 million refinancing for British Woods, a 130-unit multihousing community in Oak Ridge, Tennessee. JLL worked on behalf of the borrower, MZ Capital Partners, to secure...

Make Room celebrates passage of landmark Omnibus Spending Bill

Make Room’s president and CEO Ali Solis is thrilled with the passage of the Omnibus FY 2018 funding bill after making huge strides in advocating for expanding resources to make homes more affordable alongside...
Yield PRO