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Yardi Matrix: High Demand in the OC
Orange County’s expensive single-family housing coupled with the region’s gains in employment will continue to boost demand for multifamily development and support rent growth.
Yardi Matrix: LA’s Live
Despite only moderate growth in some of its major industries and a declining middle class, Los Angeles experienced among the best rent growth in the country last year.
Marcus & Millichap Appoints New CEO
Marcus & Millichap Senior Executive Vice President Hessam Nadji is assuming a new role.
Oak Coast Properties, BMC Investments Score Denver Apartments for $50.8M
Oak Coast is planning a $2.5 million renovation of the property, which is the first acquisition in a series of investments to meet its $300 million target for 2016.
Fannie Mae Financed $1.6B in Multifamily Small Loan Market in 2015
Of the loans, 90 percent supported affordable and workforce housing.
Yardi Matrix: Seattle’s Spirit
Buoyed by its technology sector and the metro’s appeal as a live-work-play environment, Seattle’s economy and multifamily market continue to break new ground.
Multifamily Assets Scooped Up in Inglewood
Universe Holdings purchased two multifamily communities in Inglewood, Calif., which is undergoing a major transformation as it plans to welcome back the Rams with a new NFL stadium.
JLL Closes Sale of Owings Park in Suburban Baltimore
Friedkin Realty Group purchased the property for $34.13 million.
StoneRiver Acquires Mississippi Multifamily for $14M
The 280-unit acquisition is StoneRiver’s first foray into Mississippi.
North Andover Housing Benefits from MassHousing Financing
Long-term affordability has been extended to the 230-unit community thanks to $58.5 million in financing.