Remember Prop 10? Meet Prop 21
The California Secretary of State has designated the state’s latest rent control initiative as Proposition 21. Also known as the Rental Affordability Act, it will appear on the November General Election ballot. The measure...
Bethesda apartment community receives $34.25 million refinancing
JLL Capital Markets announced that it has arranged a $34.25 million refinancing for Element 28, a 101-unit, best-in-class boutique apartment building with 3,500 square feet of ground-floor retail space in Bethesda, Maryland.
JLL worked on...
Rent payments down slightly in July
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 77.4 percent of apartment households made a full or partial rent payment by July 6 in its survey of 11.4 million units of professionally...
Rate Desk Tuesday, July 7, 2020
July 7, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. When deciding between agency versus HUD/FHA financing, focus on the right solution for business plan.
Rate Desk notes July 7, 2020
Indices...
Interra Realty brokers $17 million deconversion sale in Evanston, Illinois
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $17 million deconversion sale of 2730-66 Hampton Parkway, a 91-unit multifamily building near Northwestern University in Evanston, Ill. The property...
Rate Desk Monday, July 6, 2020
July 6, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. HUD comments on 2020 FHA MAP guide focusing on eliminating green washing through real-time data monitoring.
Rate Desk notes July 6, 2020
...
Parkview Financial provides $19 million construction loan for a four-building, 90-unit multifamily project in...
Parkview Financial announced it has provided a nearly $19 million construction loan to Schiller Park, IL-based MB Bloomingdale Trails, LLC for the development of Bloomingdale Trails a 90-unit multifamily rental project located at 290...
The RADCO Companies announces sale of Ashford 2788 Apartment Complex in Atlanta for $49.5...
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Ashford 2788, a 297-unit apartment community in Atlanta, GA to Quintus for approximately $49.5 million.
RADCO acquired the...
NAHB POWER HITTERS coming to Yield Pro TV
July 1, 2020, marked the 60th episode of Rate Desk on Yield Pro TV. Viewership has continued to climb since the April 2 show launch. The show’s producers are extending the Yield Pro TV...
Bumps in the road for Katerra
Ambitious construction startup Katerra has laid off 7 percent of its workforce as it shifts its focus from fleshing out its product offerings to becoming profitable. This is at least the fourth round of...
Rate Desk Wednesday, July 1, 2020
July 1, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. What’s the wellness level of your communities? Do they include things like walking Zen gardens and water features?
Rate Desk notes July...
Emotional support animal vs person with allergies: Who wins?
The Iowa State Supreme Court looked at a conflict between two people, both requesting "reasonable accommodation," in a recent ruling.
Origins of the conflict
Karen Cohen has a severe allergy to pet dander. Because of this,...
The RADCO Companies sells Mabry Manor apartment community in Tampa, Florida to TLR Group...
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announces the sale of Mabry Manor, a 372-unit B class multifamily apartment community in Tampa, FL, to TLR Group for the...
CBRE sells Pynchon Terrace and Edgewater Apartments for $76 million
CBRE announced the sale of Pynchon Terrace and Edgewater Apartments located at 101 Lowell Street in Springfield, Massachusetts, for $76,000,000.
CBRE Capital Markets’ multihousing experts Simon Butler, Biria St. John and John McLaughlin and the...
Rate Desk Tuesday, June 30, 2020
June 30, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Indices breaking quarterly records and the Emergency Affordable Housing Act posed to free up $73 million in new equity.
Rate Desk notes...
