Matrix Monthly Bids Auld Lang Syne to a Robust Year for the Multifamily Rental Market
December report documents 6.4 percent nationwide growth in 2015, which holds promise for continued strong performance in the new year.
Market Pulse for January 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: After a steep decline in July, from 510,000 to 382,000, housing starts of buildings with five or more units, measured at a seasonally adjusted annual rate, have now risen for two consecutive months. In September 2015, housing starts of buildings with five or more units rose by 17.0 percent to 454,000. This increase follows the 1.6 percent growth that took place in August. Together, housing starts of buildings with five or more units have risen by 18.8 percent over the past two months. Since the monthly rate…
Economy Watch: Possible Signs of a Healthier Residential Market
New construction starts have been edging upward in recent years and months.
Economy Watch: Rates Up, Life Goes On
The Federal Open Market Committee raised the short-term rates that the Fed charges.
Economy Watch: Will Higher Interest Rates Blindside CRE? Probably Not.
“The persistent pattern of low cap rates for many real estate assets is an important factor in how higher rates will affect commercial real estate,” according to The National Association of Realtors chief economist.
Economy Watch: Retail Sales See Uptick in November
Retail and food services sales turned in a modest increase in November compared with October.
Economy Watch: More Evidence That CRE Values Might Drop Next Year
The conventional wisdom, it seems, is fast becoming wedded to the idea that the peak is here for commercial real estate values, and 2016 will be the time for some kind of correction.
Top 10 NYC Multifamily Sales in September 2015
September saw a total of $690,000,000 in multifamily sales. One buyer, BRE FSC Multifamily Borrower LLC, swept up the competition, picking up the bill on half of these top 10 transactions. With no further ado, here are NYC’s top 10 multifamily real estate deals recorded in September 2015: #10 609- 619 W 135 Street, Manhattan Sale Price: $31,000,000 Buyer: 609-619 West 135 Street LLC Seller: Galil Management formerly E&M Associates Coming in at number 10 is the five-building package deal at 609 to 619 W 135 Street in the Hamilton Heights neighborhood. Brooklyn-based landlord Isaac Herskovitz closed the deal…
