News
Tucson Asset Trades for $60M
The buyer also assumed the existing Fannie Mae loan.
Cherry Development to Break Ground on Las Vegas Community
The shareDOWNTOWN brand is set to expand with a third iteration.
Woda Cooper JV Starts Construction on Ohio Affordable Project
The development is on track for completion by mid-2025.
Bascom, Oberndorf Pay $74M for Denver-Area Property
This asset previously traded in 2015 for $53.4 million.
JV Breaks Ground on Virginia Self Storage Facility
Go Store It Charlottesville will add more than 92,000 square feet to the local inventory.
CONAM Group Pays $34M for Portland Asset
This was the first acquisition through CONAM Strategic Investments Fund IV LP.
Developers Complete New York Affordable Housing Rehabilitation
This is the community’s first upgrade since it was converted to public housing 40 years ago.
Top 10 Markets for Multifamily Deliveries in 2023
Supply growth nationwide reached a decade-long peak, with more than 1.2 million units under construction, Yardi Matrix data shows. Multifamily deliveries remained strong in 2023, despite economic headwinds. This year, tighter lending circumstances and rising material, maintenance and labor costs will impact new construction starts, but the supply pipeline remains strong. Roughly 500,000 units are bound to come online in 2024, with markets in the South and West likely to stay at the top. To see how these trends evolved last year, we’ve compiled a list of the top markets for multifamily deliveries, leveraging Yardi Matrix data. Key Takeaways: 1….
Marcia Fudge to Step Down as HUD Secretary
Deputy Secretary Adrianne Todman will step in as the agency’s interim leader.
Browman Development Snaps Up $47M Napa Valley Asset
The company backed the deal with a $35 million acquisition loan.