Cushman & Wakefield arranges sale of The Gates at South Bend
Cushman & Wakefield has arranged the sale of The Gates at South Bend, a 147-unit multifamily community located in Tuscaloosa, Alabama.
Ben Thomas and Parker Caldwell of Cushman & Wakefield represented the seller, WGO, LLC,...
Single-family starts edge higher in July but rising rate concerns persist
A lack of existing inventory and solid demand helped offset rising mortgage rates and push single-family production higher in July, even as builders continue to grapple with elevated construction and financing costs as well...
Multifamily mortgage originations rise from Q1 to Q2
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages in Q2 2023 were up 37 percent quarter-over-quarter but were down 48 percent year-over-year. Originations of all commercial mortgages as...
MIG Real Estate acquires Newport Palms, a 138-residence apartment community in Orange County for...
MIG Real Estate LLC (MIG), a real estate investment company with assets across the Western U.S. and Sun Belt states, announced the acquisition of Newport Palms, a 138-unit apartment complex in Costa Mesa, California.
MIG...
Klein Enterprises closes $85 million loan for Largo Development
Klein Enterprises, a vertically integrated investor, developer, and operator of diversified real estate holdings, announced that the company closed an $85 million loan for the development of Aura, a transit-oriented luxury apartment complex in...
Builder confidence falls on rising mortgage rates
After steadily rising for seven consecutive months, builder confidence retreated in August as rising mortgage rates nearing 7 percent (per Freddie Mac) and stubbornly high shelter inflation have further eroded housing affordability and put...
JLL arranges $233 million in construction financing for 569-unit Brooklyn rental development
JLL Capital Markets announced that it has secured $233 million in construction financing for the ground-up development of 54 Crown, a 569-unit multihousing development located at 54 Crown St., in Crown Heights, Brooklyn.
JLL worked...
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...
