Construction material prices fall in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April 2020. It showed that overall prices for processed goods for intermediate demand fell by 3.7 percent, the fourth monthly drop...
Rate Desk May 12, 2020
May 12, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Exploring alternative financing and development options to diversify portfolios.
Rate Desk May 12 notes:
Indices down
Crude up $25.26
UST yields $32...
Evergreen Real Estate Group expands national affordable housing portfolio
Chicago-based Evergreen Real Estate Group, a leader in the acquisition, development, rehabilitation and management of both affordable and market-rate multifamily housing, announced it has been retained to manage affordable housing communities comprising a total...
KAI announces new hire Connie Northcutt as project controls director
KAI proudly announces the hiring of Connie Northcutt as Project Controls Director.
As Project Controls Director, Northcutt will work with KAI’s Architecture and Engineering leadership to provide oversight, direction and assistance to KAI’s project managers...
Rents fall in April
Yardi Matrix released its April 2020 report on the multifamily housing market. This report begins to reflect the rapid changes to the market that have been occurring since the breakout of the COVID-19 epidemic...
JLL arranges $30 million financing for New Jersey multihousing property
JLL Capital Markets announced that it has arranged $30 million in financing for Ivy Lane, a 237-unit, garden-style multihousing community in Bergenfield, Bergen County, New Jersey.
JLL worked on behalf of the borrower, Tower Management...
Joint mortgage and housing assistance website launched
To ensure homeowners and renters have the most up to date and accurate housing assistance information during the COVID-19 national emergency, the Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), and the...
JLL arranges sale, financing of San Antonio multihousing portfolio
JLL Capital Markets announced that it has closed the sale and arranged financing for a five-property multihousing portfolio totaling 844 affordable housing units in various San Antonio, Texas, neighborhoods.
JLL marketed the offering exclusively on...
Land acquisition and joint venture closes on eight-building, multifamily development project in Chula Vista
The Millenia master plan development has closed on the purchase of land for an eight-building, 480-unit multifamily project in Otay Ranch. The project is a joint venture among MetLife Investment Management, Allstate and Ryan...
Rate Desk May 11, 2020
May 11, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Expand your repertoire with online conferences and webinars.
Rate Desk May 11 notes:
S&P 3-day streak
NASDAQ 6-day streak
Dow down
Crude...
Interra Realty closes $3.15 million sale of apartment building in Forest Park, Ill.
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it facilitated the $3.15 million sale of 500 Des Plaines Ave., a 39-unit apartment building in Forest Park, Ill., a western suburb of...
Rent collections off to good start in May
The NMHC rent tracker project has released its first reading on rent collections in the month of May. It found that 2.2 percent more of residents have made a rent payment through May 6...
LPC West taps seasoned veteran Omar Rawi to lead mixed-use efforts in major markets...
In a move to drive its expansion into the mixed-use sector, LPC West announced that real estate industry veteran Omar Rawi is joining the company as Executive Vice President with responsibility for West Coast...
Knighthead Funding originates loans totaling $37.3 million for Michigan multifamily projects
Knighthead Funding LLC, has originated separate loans totaling $37.3 million for the development of three multifamily projects in Michigan.
All three non-recourse loans range in term from 18 to 36 months and are secured by...
NY Dem candidate is on a “rent strike”
In New York City’s well-heeled 12th Congressional District, a housing activist named Pete Harrison is running in the Democratic primary to unseat incumbent Congresswoman Carolyn Maloney. But that’s not the only campaign he’s waging....
