Cities
New York City’s Rent-Stabilized Properties Struggle with Shortfalls
Rent payments trail national averages, while commercial payments at mixed-use properties are faring considerably worse, an owners’ group reports.
Miami Multifamily Report – Spring 2020
Following a healthy 2019, Southeast Florida’s rental market is in for a big test this year.
Marcus & Millichap Facilitates $18M Tampa Bay Sale
Shawn Rupp, Casey Babb and Luis Baez represented the buyer of the 178-unit community in Lakeland, Fla.
Suburban Columbus Community Gets $10M Refi
Grandbridge Real Estate Capital provided the 10-year, Freddie Mac loan for the 156-unit Class C property.
Greystone Provides $116M in Freddie Mac Loans
The refinancing covers three separate portfolios with a total of 34 multifamily properties in Los Angeles.
BRP Cos. Eyes $286M Queens Project
Site work is under way for the 605-unit, mixed-income development in the Jamaica neighborhood.
Kidder Mathews Brokers Seattle Community Sale
Executive Vice President Dan Swanson led efforts on behalf of the buyer in the $9 million transaction.
Los Angeles Multifamily Report – Spring 2020
With California the first state to impose shelter-in-place orders, the metro’s rental market shows early signs of softening.
Jacksonville Community Receives Freddie Mac Loan
The 15-year mortgage retires a prior $4.1 million Fannie Mae note that Berkadia had provided in 2012.
Dougherty Mortgage Refinances Philadelphia-Area Affordable Asset
The mortgage banking firm provided the 10-year financing in collaboration with LSG Lending Advisors.