Regions
Brickstone Lands Boulder Student Housing Refi
Blackstone Real Estate originated two senior loans for the downtown community.
Baltimore Multifamily Report – August 2022
Baltimore’s multifamily market posted moderate performance amid rising interest rates and a declining population. The average rent reached $1,664, up 0.8 percent on a trailing three-month basis through June, picking up after two quarters of sluggish increases. The rate remains just below the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Baltimore’s economy is still lagging pre-pandemic levels of employment, but is making strides nonetheless. Job growth was at 4.1 percent —60 basis points behind the U.S. average—with 71,700 positions added in the 12 months ending in May. The unemployment rate clocked in at 3.6 percent as of May,…
NMHC Names New Chief
Longtime multifamily executive Sharon Wilson Géno will succeed Doug Bibby in January 2023.
DCHFA Funds Construction of DC Affordable Housing
The community will serve residents earning 30 percent to 50 percent below the area median income.
Flaherty & Collins Build $200M Bridgeport Mixed-Use
The Steelpointe Harbor project will include rental units and retail space.
Lincoln, Kairoi Residential Unveil Austin Tower
Waterline will have luxury apartment homes along with office space and a hotel when completed.
Philadelphia Multifamily Report – August 2022
Halfway through 2022, Philadelphia’s multifamily market maintained its vigor despite rising uncertainty regarding the economy. Strong demand kept up with substantial deliveries and the occupancy rate in stabilized properties remained flat at 96.7 percent in May, with core submarkets beginning to regain popularity among renters. Meanwhile, the average rent rose 11.4 percent year-over-year through June, to $1,695, still trailing the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Philadelphia’s employment market expanded 4.3 percent, or 113,800 jobs, in the 12 months ending in May, 40 basis points behind the U.S. rate. Leisure and hospitality (38,100 jobs), trade, transportation and…
Evergreen Tops Off $30M Indiana Affordable Senior Housing
Drawing on extensive experience in developing ground-up assisted living communities, the company is nearing completion on the first of two Indiana assisted living communities for low-income older adults.
Top 10 Multifamily Markets by Sales Volume in 2022 H1
Gateway markets rebound, regaining top positions in the multifamily sales volume landscape.
Byrd & Scanlan Buys Albuquerque Asset
Northmarq represented the seller and secured acquisition financing for the buyer.