Rate Desk May 1, 2020
May 1, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Historic loans, America re-opening and Opportunity Zones picking up.
Rate Desk May 1, 2020 notes:
Indices are down
Crude oil $19.18
UST...
CBRE sells West Roxbury multifamily complex for $41.8 million
CBRE announced the $41.76 million sale of Oak Row apartments, an 80-unit luxury apartment community in West Roxbury, MA.
CBRE Capital Markets’ multi-housing experts Simon Butler and Biria St. John exclusively represented the seller, a...
Rate Desk April 30, 2020
Rate Desk April 30 edition:
Indices down
UST yields .64 bp
223(f) 2.60%
221(d)(4) 3.25%
Fannie 3.20%
Freddie 3.40%
Value-add alive
Opportunities in emerging markets
Get higher value on improving rents with HUD
Affordable...
CBRE sells Waltham multifamily complex for $73 million
CBRE announced the $73.575 million sale of Waltham Overlook, a 207-unit 100 percent market-rate apartment community in Waltham, MA.
CBRE Capital Markets’ multi-housing experts Simon Butler and Biria St. John exclusively represented the seller an affiliate...
Builder confidence in the 55+ housing market plunges
Builder confidence in the single-family 55+ housing market dropped 30 points to 38 in the first quarter of 2020, according to the National Association of Home Builders' 55+ Housing Market Index released recently. This is the...
Rate Desk April 29, 2020
Rate Desk Notes April 29, 2020
Low rates alone can’t elevate economy
Indices are up
UST yields down .62 bp
223(f) 2.55%
221(d)(4) 3.20%
Fannie 3.19%
Freddie 3.40%
Time for action
Communicate with your...
Optima enhances virtual sales model, tops off construction of luxury residential tower
In these unique times, multifamily development firm Optima is debuting an enhanced virtual sales experience at 7180 Optima Kierland to accommodate prospective buyers in advance of the luxury residential community’s summer opening.
The 12-story tower...
Rare value-add 122-unit multifamily portfolio in Granada Hills, CA sells for $25 million
Universe Holdings, a Los Angeles real estate investment company, has purchased a three-building, 122-unit multifamily portfolio in Granada Hills, California, for $25 million. Kidder Mathews commercial real estate investment broker, Janet Neman, represented Universe Holdings...
MassHousing closes on $2.8 million in financing for new workforce housing in Northampton
MassHousing has closed on $2.8 million in affordable workforce housing financing to The Community Builders for the ongoing construction of the 12-unit 35 Village Hill Road in Northampton. Valley Community Development Corporation is the...
WPC breaks ground for 403-unit opportunity zone apartment tower with Silver Spring, MD’s first...
Washington Property Company has broken ground for Solaire 8200 Dixon, a 403-unit, 26-story apartment tower in the Ripley District of downtown Silver Spring, MD. Clark Construction Company is on track to deliver the first apartments...
Franco promoted to regional vice president
S. L. Nusbaum Realty Co. is pleased to announce that Debbie Franco has been promoted to Regional Vice President.
Debbie began her career with the firm as a leasing agent at Abbey and Devon Apartments...
Property managers can impact rent payment
The national COVID-19 Resident Sentiment Report released by Grace Hill reveals that many more renters are unsure about their ability to pay May rent as the economic impact of COVID-19 is fully felt. But, property...
Rate Desk April 28, 2020
Rate Desk April 28 edition:
S&P, Dow up, NASDAQ down
Crude oil $12.68
UST yields down .61 bp
223(f) 2.65%
221(d)(4) 3.30%
Fannie 3.20%
Freddie 3.50%
Adapting to new environment
Strong fundamental business plan
...
Camino Verde completes central Las Vegas property purchase
Camino Verde Group recently completed the purchase of a 28-unit multifamily property at 2556 South Van Patten Street in the Historic Commercial Center District of Las Vegas. The units will be rebranded as Camino 2556.
Camino 2556 will undergo approximately...
JLL arranges sale, financing of Conroe, Texas, apartment property
JLL Capital Markets announce that it has closed the sale of and arranged acquisition financing for The Loop Apartments, a 188-unit, Class A luxury apartment community in Conroe, Texas.
JLL marketed the property exclusively on...
