Rate Desk May 21, 2020
May 21, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. GSE vs FHA on perm LIHTC take-out and rate lock underwriting risks.
Rate Desk Notes May 21, 2020
NASDAQ within 5% of...
Webinar: Mitigating fraud with Frank Abagnale
The COVID-19 pandemic is exposing gaps in business operations, with cybersecurity on the rise. Just one single data breach can cost as much as $4 million.
Largely due to remote work environments that expose security...
Decron Properties acquires Rancho Luna Sol in Fremont, California for $71.5 million
Decron Properties has acquired Rancho Luna Sol, a 188-unit multifamily community in Fremont, CA for $71.5 million.
With its acquisition of Rancho Luna Sol, Decron increased its regional portfolio to 1,054 units over six properties....
JLL completes sale and financing of Hawthorne at Lake Norman
JLL Capital Markets announced that it has completed the sale and financing of Hawthorne at Lake Norman, a 232-unit, Class A multihousing community in Mooresville, North Carolina.
JLL represented the seller, Hawthorne Residential Partners, LLC,...
Apartment industry reacts to Trump order on regulations
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the Trump administration’s signing of an Executive Order directing agencies to use emergency authorities to identify regulations that can be rescinded...
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...
ULI presents real estate economic forecast
The forecast presented was the median of the forecasts of 39 economists surveyed by ULI. It estimates of how key real estate related economic measures are expected to change over the next three years.
What...
Rate Desk May 20, 2020
May 20, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. New rules on CRA evaluations and the potential impact on tax credit investors.
Rate Desk Notes May 20, 2020
Indices up
Crude...
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...
Rate Desk May 19, 2020
May 19, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Statutory waivers, bridge money and SFR HUD FHA multifamily loans.
Rate Desk Notes May 19, 2020
Indices down
Crude $32.36
UST yields...
Marcus & Millichap arranges the sale of 178-unit Griffin Park Apartments in Lakeland, Florida
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced the sale of Griffin Park, an 178-unit apartment property located in Lakeland, FL, according...
JLL closes sale of Avalon Tinton Falls in Monmouth County
JLL Capital Markets announced that it has closed the sale of Avalon Tinton Falls, a 216-unit, Class A garden-style apartment property in Tinton Falls, Monmouth County, New Jersey.
JLL marketed the property exclusively on behalf...
Multifamily housing construction down in April
The Census Bureau released its monthly new residential construction report for April 2020. It shows reduced activity at all stages of multifamily housing construction.
Permits fall
The number of permits issued for buildings with 5 or...
Ryan Companies hires Marcy Phillips as vice president of real estate development
Ryan Companies US, Inc. has named Marcy Phillips its new Vice President of Real Estate Development, out of its Austin location. Phillips started at Ryan Companies mid-April to oversee its Multifamily sector in the...
COVID-19 hits jobs
The Bureau of Labor Statistics (BLS) recently released its Job Openings and Labor Turnover (JOLT) report for March. It is the first report to cover a period of time when the reaction to the...
