Rate Desk Tuesday, June 23, 2020
June 23, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. What does more cash mean for MF portfolios and where are rates going?
Rate Desk notes June 23, 2020
Indices up
Crude...
Marcus & Millichap announces the passing of co-chairman William A. Millichap
Marcus & Millichap announced that William A. Millichap, co-chairman, has passed away after a year-long battle with cancer. He was 76 years old. Marcus & Millichap founder and chairman George M. Marcus issued the...
Conor Commercial Real Estate hires Jason Young as market officer to expand into Texas...
Conor Commercial Real Estate is pleased to announce that Jason Young recently joined the firm as Vice President—Multifamily and Dallas Market Officer. In his new role, he will be responsible for launching the firm’s...
JLL arranges capital for Fort Worth apartment project
JLL Capital Markets announced that it has arranged equity and financing for the development of Stillwater Crystal Springs, a 386-unit, Class A+ apartment community in Fort Worth, Texas.
The JLL team worked on behalf of...
DCHFA funds the rehabilitation of 358 apartments in Washington Highlands
On June 18, the District of Columbia Housing Finance Agency (DCHFA) issued $41.7 million in tax exempt bonds and underwrote $25.3 million in four percent low income housing tax credit (LIHTC) equity for the...
Rate Desk Monday, June 22, 2020
June 22, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Freddie Forward rate lock: great when rates are rising, not so great when rates are falling.
Rate Desk notes June 22, 2020
...
Construction materials prices flat in May
The Bureau of Labor Statistics (BLS) released its producer price index report for May 2020. It showed that overall prices for processed goods for intermediate demand rose by 0.1 percent, breaking a string of...
Levin Johnston completes sale of multifamily portfolio in Santa Clara, California for $24.7 million
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, has completed the sale of a 59-unit multifamily portfolio...
JLL arranges $28 million financing for suburban Minneapolis apartments
JLL Capital Markets announced that it has arranged $28 million in financing for The Cliffs at Minnetonka, a 456-unit garden-style apartment community in Minnetonka near Minneapolis, Minnesota.
JLL worked on behalf of the borrower, The...
Block Real Estate secures $21 million equity for apartment development
JLL Capital Markets announced that it has arranged $21 million in joint venture equity for the development of The Residences at Galleria, a 322-unit, Class A, podium multihousing community in the suburban Kansas City...
Rate Desk Friday, June 19, 2020
June 19, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Representing your housing rental brand and living communities through your digital reflection.
Rate Desk notes June 19, 2020
Indices down (up for...
Rate Desk Thursday, June 18, 2020
June 18, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Price compression for MF developers and incredibly low interest rates, the financing is right and it’s time to build.
Rate Desk notes...
Webinar: How localized chatbots can maximize occupancy in and out of crisis
Are your properties prepared to deliver 24/7 customer care to attract and retain residents during this busy time?
Join the webinar on June 24th at 1 pm CDT for discussing the one solution you can...
Rents continue to decline in May
Yardi Matrix released its May 2020 report on the multifamily rental housing market. The report shows that the COVID-19 induced softness in the market is continuing.
Rent growth drops
While the usual annual pattern is for...
Interra Realty facilitates $2.3 million multifamily sale in Chicago’s South Shore Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $2.3 million sale of 6811 S. Paxton Ave., a 29-unit mid-rise apartment building in Chicago’s South Shore neighborhood. The price...
