JLL property management hires Lewis Taulbee to lead receivership team
JLL Property Management announced that Lewis Taulbee joined the firm as Managing Director of Asset Resolutions. Taulbee will lead JLL’s receivership team in providing strategic turnaround solutions for distressed assets across the U.S. “As the commercial...
Cushman & Wakefield arranges $62 million construction financing for 268-unit multifamily development
Cushman & Wakefield announced that the real estate services firm served as the exclusive advisor to SR Real Estate Partners and Circle Squared Alternative Investments in the procurement of $62,000,000 in construction financing for...
Increasing housing supply critical for Fed’s fight on inflation
With shelter inflation accounting for a staggering 90 percent of the overall inflation rate last month, the National Association of Home Builders (NAHB) is calling on policymakers at all levels of government to take...
Construction materials prices nearly unchanged in July
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.1 percent month-over-month in July, seasonally adjusted. The index of components and materials for...
Cushman & Wakefield arranges sale of The Fitzroy Grove
Cushman & Wakefield has arranged the sale of The Fitzroy Grove, a 250-unit multifamily community located in Rogers, Arkansas. Martin Bynum and Craig Hey of Cushman & Wakefield represented the seller, Huffman & Company,...
Yardi Matrix reports slowing rent growth in July
Yardi Matrix reported that national average apartment rent increased $2 in July from the revised level of the month before. The average rent reached $1,729 per month. Year-over-year rent growth rate continues to fall The national...
Broad coalition of housing providers and lending associations warns FHFA against rent control
Eighteen associations representing housing providers, lenders and residents today sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson warning that mandatory rent control and rent stabilization policies will increase rents, reduce...
Rising mortgage rates and home prices put a damper on housing affordability
Rising home prices and interest rates coupled with elevated construction costs, low existing inventory and solid demand resulted in a significant decline in housing affordability during the second quarter of 2023. According to the National...
$16.7 million construction take-out financing secured for L.A. multihousing community
JLL Capital Markets announced that it has arranged the $16.7 million construction take-out financing for The Hobart, a 39-unit, Class A mid-rise multihousing community located in the Koreatown submarket of Los Angeles, California. JLL represented...
Marcus & Millichap announces the sale of Sabal Court Apartments in Tallahassee
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Sabal Court Apartments, located in Tallahassee. Completed in 1967, this Property is...
Commercial real estate prices expected to stabilize in H2 2023, CBRE survey finds
Commercial real estate prices are showing signs of stabilizing as inflation moderates and the Federal Reserve nears the end of its interest rate hiking cycle, according to a new CBRE survey. The CBRE survey, which...
Berkadia arranges the sale and financing of apartment community in Charlottesville, Virginia
Berkadia has arranged the sale and financing of Abbington Crossing, a 468-unit apartment community located in Charlottesville, Virginia. Senior Managing Director Drew White, Senior Director Carter Wood and Director Cole Carns of Berkadia DC...
Jim Humphries joins JLL Capital Markets’ SFR team
JLL Capital Markets announced that Jim Humphries has joined the firm’s Single-Family Rental (SFR) team as a Director sitting in the Houston office. Humphries will focus on SFR and build-to-rent (BTR) investment sales nationally and will...
Griffith Pepdjonovic Group of Marcus & Millichap brokers the $2.3 million sale of suburban...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 15-unit multifamily property located in Stoneham, Massachusetts. The 7,084-square-foot asset...
Cushman & Wakefield arranges sale of Uptown Terrace
Cushman & Wakefield has arranged the sale of Uptown Terrace, a 260-unit multifamily community located in Rogers, Arkansas. Martin Bynum and Craig Hey of Cushman & Wakefield represented the seller, SC Bodner Company, Inc....
