Acclaimed Broker David Carlos and Colleagues Join JLL
JLL announced today that acclaimed dealmaker David Carlos has joined the firm as vice chairman and Head of Nonprofit, Education and Government Practice based in the Manhattan headquarters office. He will be joined by...
Multifamily Advisory Firm Mogharebi Group Opens Portland Office
Multifamily investment advisory firm The Mogharebi Group continues to expand its footprint throughout the West Coast, opening an office in Portland, OR under the direction of James L. Giblin, who joins the firm as...
Economic pressures plague renters as median income fell in 2022
Called the invisible tax, inflation wreaked havoc with resident income in 2022 according to new reports by the Census Bureau. This marks three straight years where the nation’s standard of living has fallen due...
Leasing Office Now Open for Ari on Fourth Apartments in Downtown Tucson Arizona
The Opus Group today announced the leasing office is now open for Ari on Fourth Apartments, the new mixed-use project in downtown Tucson, Arizona. The leasing office address is 218 North Fourth Avenue, directly across from...
FHFA Accepting Membership Applications for its Advisory Committee on Affordable, Equitable, and Sustainable Housing
On September 13, the Federal Housing Finance Agency (FHFA) announced it will begin accepting membership applications for its Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing.
The Committee will advise FHFA on affordable, equitable,...
Sentral to Open Three New Residential Hospitality Communities in Los Angeles and Philadelphia
Sentral, the leading full-building residential hospitality operator, today announced that it will manage three new luxury residential communities in Los Angeles: Figueroa Eight (744 S Figueroa Street, Los Angeles), developed by Mitsui Fudosan America,...
Anthem Breaks Ground on Garland Transit Oriented Redevelopment
Anthem Development, a Beck Ventures Company, broke ground on the first phase of redevelopment for the new Transit-Oriented District surrounding Dallas Area Rapid Transit’s (DART) Lake Ray Hubbard Station in Garland. This first phase...
Google faces antitrust lawsuit
Warm weather regularly signals the time to move for many marked by a precipitous increase in Google searches for apartments. There were over 6 million searches for the word apartment nationally in May 2022...
The Ludlow at Heritage Creekside Now Leasing
Rosewood Property Company is now leasing The Ludlow, a 326-apartment-home, award-winning community located on Belpree Drive within the Heritage Creekside master-planned community in Plano, Texas. In partnership with MetLife Investment Management, the four-story multifamily...
KWA Construction Celebrates Topping Out Milestone for Lyle in Far North Dallas
KWA Construction, a leading general contractor specializing in multifamily developments throughout Texas, has celebrated the construction milestone of 'topping out' at Lyle, located at 17727 Addison Road in Dallas. Lyle is a five-story, 334-unit...
MBA reports commercial mortgage delinquency rates on the rise
The Mortgage Bankers Association (MBA) reported that delinquency rates are growing for commercial mortgages issued by 4 of the 5 classes of lenders they track.
Distress definitions differ
The MBA report is issued quarterly, with the...
Gelt Venture Partners Acquires 125-Unit Apartment Property for $63.15 Million in Placentia, California
Gelt Venture Partners, LLC is pleased to announce it has acquired Union Place for $63.15 million. The 125-unit apartment property is located at 1500 Cherry Street in Placentia, CA (north Orange County).
Built in 2012,...
Where the jobs are going
The Bureau of Labor Statistics recently released its County Employment and Wages report for Q1 2023 which identifies the number of jobs and the level of wages by Metropolitan Statistical Area (MSA). The data...
Institutional Property Advisors Brokers Tampa Multifamily Asset Sale
Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Captiva Club, a 361-unit, garden-style multifamily property in Tampa, Florida.
“The inflow of capital into Florida continues to be very strong,”...
Berkadia Arranges $14.3M Sale of Approved Development Site in Downtown Coral Gables, Florida
Berkadia announces it has arranged the sale of 1715 Douglas, an 0.87-acre development site in the heart of Downtown Coral Gables, within walking distance to Miracle Mile, six million square feet of office space...
