Regions
Overbuilding Tempers Growth in Washington, DC
Too much development is finally placing pressure on rents, but the capital region still ranks among the most stable multifamily markets in the U.S.
Chinese Investor Seals SoCal Deal
Gemdale USA paid $46 million for an asset north of L.A. in the Santa Clarita Valley.
29th Street Capital Expands Sacramento Footprint
Located at 2081 West La Loma Drive, Sycamore Square Apartments is a 140-unit multifamily community which will be subject to a $1.2 million renovation program.
Phoenix Apartments Command $110M
Knightvest Capital acquired the asset for the second-highest price recorded for a multifamily property in Arizona.
Economy Watch: Multifamily Market Continues to Soften
Overall demand and the availability of equity capital remain strong, but many owners are pulling back on activity, according to NMHC’s latest quarterly survey.
Wood Partners Breaks Ground in Oakland
Scheduled to open in the fall of 2019, the 140-unit project will be located near the heart of the city’s business district.
Upscale 469-Unit Community Debuts in NJ
Hartz Mountain Industries opened The Harper at Harmon Meadow. The three-building property is part of a 3.5 million-square-foot, mixed-use development in Secaucus.
Partnering to Preserve Affordable Housing
Enterprise Community Investment President & CEO Charles Werhane and Community Preservation and Development Corp. President & CEO Michael Pitchford spoke with MHN about their plans to tackle challenges in the Mid-Atlantic.
Year-Over-Year Origination Volume
As indicated by the latest data available, origination volume was up 8 percent year over year in 2016, according to the Mortgage Bankers Association. Nearly 3,000 different lenders provided a total of $269.2 billion in new mortgages for apartment buildings with five or more units.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for December 2017 in New York City.