News
APARTMENT MARKET STATISTICS: May 2013
The prices of multifamily housing shot up to an average of $115,954 per unit in the fourth quarter, according to CoStar/PPR. Marcus and Millichap’s statistics for the nation’s top apartment markets show average rent increase of 3.0 percent in the fourth quarter.
Walker & Dunlop Honored with Top Awards by Fannie Mae
Walker & Dunlop, Inc. announced that it received two top awards at the 2013 Fannie Mae DUS® Meeting in Washington, D.C., for deals closed in 2012.
Fannie Mae Releases New Research Study: Renters Are Satisfied, but Continuing to Reach for Homeownership
Fannie Mae’s Economic & Strategic Research Group released a new research study that investigates the impact of consumer attitudes toward renting and homeownership on the future of housing in America.
Carlisle Development Group Opens Miami Apartment Building For Youth Aging Out of Foster Care
The Anchorage Apartments, located in the Liberty City neighborhood of Miami-Dade County, is a public-private partnership between Carlisle Development Group and Miami-Dade County Public Housing & Community Development to provide new affordable housing for youth transitioning out of the foster care system.
MARKET SNAPSHOT: Vacancy Continues to Fall Despite Stagnant Employment Growth in D.C.
Even as government spending cuts and other factors continue to limit job growth across the nation’s capital, multifamily occupancy has remained tight.
Economy Watch: Economic Growth Still Moderate, Fed Says (With Certain Exceptions)
According to the latest Beige Book published by the Federal Reserve, which is formally called the “Summary of Commentary on Current Economic Conditions by Federal Reserve District,” economic activity increased at a “modest to moderate pace” since the previous report across all Federal Reserve Districts.
Kennedy Wilson Buys East Valley M-F Complex for $61.8 Million
A Salt Lake City apartment community was recently acquired by an international real estate investment and services firm. Kennedy Wilson has paid a fee of around $61.8 million for the Foothill Place Apartments complex and has secured a financing deal with Berkeley Point Capital LLC in order to complete the acquisition. KW has invested $15 million of private equity in the transaction and for the balance of the purchase with Berkeley, along with the $49.7 million loan provided by Berkeley.
Auction.com Tops Housingwire’s Top 50 Real Estate Tech Companies List
Auction.com, an online real estate marketplace, has been recognized by HousingWire Magazine as a member of its first-ever list of the top 50 companies in real estate technology.
Art of the Deal
Joint venture possibilities proliferate as investor appetite for multifamily grows.
The Right Balance
Markets in the Southwest find equilibrium between existing supply and rising demand.