Senators ask DOJ to investigate revenue management software
Senator Elizabeth Warren (D-Mass.) along with senators Ed Markey (D-Mass.), Tina Smith (D-Minn.) and Bernie Sanders (I-Vt.) have asked the Department of Justice (DOJ) to investigate RealPage’s YieldStar revenue management product for “facilitating de-facto...
Ginnie Mae MBS outstanding increases to $1.960 trillion
Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled slightly more than $35 billion in May.
A breakdown of May issuance includes $33.431 billion of Ginnie Mae II MBS and $1.890 billion...
R.D. Olson Construction completes Hotel Trio and Citrine Apartments in Sonoma County
R.D. Olson Construction, an award-winning general contracting firm in California, recently marked the completion of a ground-up, two-part construction project in Healdsburg. The project included Hotel Trio, a 122-room hotel, and Citrine Apartments, a...
Marcus & Millichap closes student housing asset sale in Southeastern Georgia
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Hamptons Statesboro, a 237-unit, 668-bed student housing asset in Statesboro,...
Construction materials prices largely steady in June
The Bureau of Labor Statistics (BLS) released its producer price index report for June 2019. It showed that overall prices for processed goods for intermediate demand fell by 1.1 percent in the month. The...
Marcus & Millichap brokers $9.8 million sale of 61-unit multifamily property in Chicago’s Hyde...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced it has brokered the $9.8 million sale of 5120 S. Harper Ave., a 61-unit...
$21 million Seattle-area multifamily asset sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Green River Village, a 146-unit apartment complex in Auburn, Washington. The property sold for $21 million, or $143,835 per unit....
Borrowers gain clarity with Carson-Barr agreement
U.S. Housing and Urban Development Secretary Ben Carson and U.S. Attorney General William Barr issued a Memorandum of Understanding (MOU) between the two agencies that sets prudential guidance on the appropriate use of the False...
Interra Realty brokers $1.8 million deconversion sale in Chicago’s Wicker Park Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.8 million deconversion sale of 1226 N. Greenview Ave., an eight-unit multifamily building in Chicago’s Wicker Park neighborhood. The price...
Institutional Property Advisors brokers apartment asset sale in Fort Worth
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 4000 Hulen, a 240-unit apartment asset in Fort Worth, Texas.
“Built in 2015, the property performed exceptionally well over the past...
Rents continued to decline in June
Yardi Matrix released its June 2020 report on the multifamily rental housing market. The report shows continuing softness in the market.
The rent decline continues
The nationwide average rent in June fell by $2 from its...
Can adaptive reuse save America’s malls?
What is the most common reason to get in the car and start driving on any given day of the week? Depending on where you’re from, the obvious answer might be commuting to work....
JRK Property Holdings acquisition of 538-unit apartment community beginning of $1.6 billion in transaction...
JRK Property Holdings, one of the largest multifamily landlords in the United States, has acquired a 538-unit apartment complex in the Washington, DC suburb of Gaithersburg, MD, the first in a series of acquisitions...
Stepp Commercial completes $7.68 million sale of The Flynn, a 37-unit apartment property, in...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $7.68 million sale of The Flynn, a 37-unit apartment property located at 170 S. Mountain View Avenue in Los...
The Multifamily Group brokers 79 units in Albuquerque
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Uptown Horizon's sale in Albuquerque. Managing Partner Paul Yazbeck represented the seller and procured the buyer.
"Uptown Horizon...
