Regions
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.
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.