Yardi Matrix talks COVID-19 and multifamily
On April 1, Yardi Matrix held a webinar to discuss the impact of the COVID-19 outbreak on the multifamily housing industry. The webinar ran for 90 minutes, including the question session. Highlights of the...
Rate Desk April 2, 2020
April 2 edition
US treasury yields hold at 59 bp
FHA: 12 bp tightening
HUD considering distributing reserve monies in light of C-19
HUD now allowing virtual inspection by supervising architect
10 year interest...
HUD moves quickly to make $3 billion of COVID-19 relief funding available to communities...
President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law last Friday, providing much-needed assistance to the American people as the country works diligently to combat COVID-19. Thanks to...
Yardi Matrix reports on rent growth
Yardi Matrix released its March 2020 report on the multifamily housing market. The report largely captures the state of the market shortly before the onset of the COVID-19 virus and the extraordinary reactions that...
NMHC and apartment data providers to release key data on the impact of the...
Beginning on April 8 and continuing on a weekly basis for the duration of the COVID-19 outbreak, NMHC, in partnership with the leading apartment data providers, will release weekly metrics assessing the overall effect...
JLL arranges $18.85 million loan for Denver apartment project
JLL Capital Markets announced that it has arranged $18.85 million in financing for the development of Bloom at Cherry Creek, a 111-unit, Class A mid-rise apartment property currently under construction in Denver’s Cherry Creek...
Gebroe-Hammer Associates arranges two Plainfield NJ multifamily sales totaling 97 units for $15.23 million
In the city-on-the-rise of Plainfield, N.J., Gebroe-Hammer Associates has arranged two separate multifamily transactions totaling 97 units sold for a combined $15.23M. The sales of Stoney Brook Gardens at 643-715 E. Front St., and...
Renters’ plans to move impacted by COVID-19
A pair of surveys by Rent Cafe looked at how the COVID-19 outbreak has affected the plans of renters who had been planning on moving. The first survey was taken before many cities and...
Interra Realty brokers $4 million sale of mixed-use asset in Chicago’s Old Town Triangle
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $4 million sale of 1935-43 N. Sedgwick St., a mixed-use property in Chicago’s Old Town Triangle historic district. The property,...
$20.1 million buys Los Angeles county multifamily investment asset
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Seville Apartments, a 77-unit multifamily investment property in Whittier, California. The...
Universe Holdings acquires 110-unit apartment community in San Diego for $34.45 million
Universe Holdings has acquired Serena Vista, a 110-unit apartment community in the prime San Diego submarket of La Mesa for $34.45 million.
With the acquisition of Serena Vista, located at 5810 Amaya Drive, Universe increases...
Avison Young completes $68 million off-market sale of Arte, a 182-unit luxury apartment community...
Avison Young announced it has completed the off-market, $68 million sale of Arte, a 182-unit, luxury apartment community located at 10130 Foothill Boulevard in Rancho Cucamonga, CA.
Avison Young’s Peter Hauser, Matt Hauser and Masa...
JLL closes sale of Los Angeles apartment community
JLL Capital Markets announced that it has closed the sale of One Santa Fe, a 438-unit, mixed-use, core-plus apartment community located in the Arts District of Los Angeles.
JLL marketed the property on behalf of...
JLL arranges $17.5 million loan for New Jersey apartment development
JLL Capital Markets announced that it has arranged $17.5 million in financing for the development of The Rail @ Red Bank, a 57-unit, Class A apartment project in Red Bank, Monmouth County, New Jersey.
JLL...
CBRE on COVID-19 impact
On March 18, CBRE held a flash briefing on the potential impact of the COVID-19 virus. This blog provides highlights from that briefing that address multifamily housing.
COVID-19 impact on the economy
The call was led...
