Regions
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.
Rents Rebound Amid Boston Building Boom
The metro’s economy remains on sound footing, generating high-paying jobs at a fast rate and driving demand for upscale housing.
Northern NJ Development Site Trades for $17M
The upcoming apartment community will be located on a former fuel farm, previously owned by Hess Corp. River Development acquired the facility in 2014, and has since demolished it, preparing the riverfront for luxury apartments.
Jackson Square Properties Buys $45M WA Community
With this acquisition, Jackson Square Properties expands its already significant multifamily portfolio in Vancouver, Wash.
Continental Partners Arranges $38M for 4 LA Deals
Working on behalf of four different sponsors, the company was able to secure financing for 12 properties totaling 210 units.
Mixed-Use Picks Up Steam in Philadelphia
Despite the recent spate of multifamily deliveries, occupancy remained high across the metro, reflecting the market’s capacity to rapidly absorb new product.
On the Market: 5 Interesting Listings for January
This month’s multifamily listings include a community in Vancouver’s Kitsilano neighborhood, apartments overlooking Biscayne Bay in Miami Beach and an asset located within a highly dense urban center in Pembroke Pines, Fla.
Berkadia Facilitates $133M Seattle-Area Sale
Senior Managing Director Kenny Dudunakis and Directors Ben Johnson and David Sorensen represented the seller of the 485-unit Shoreline community.
HSL Lands $17M in Loans for Tucson Assets
Both loans benefit from Fannie Mae Multifamily’s Green Rewards program, which serves as an incentive for the owner to more efficiently use water and energy.