Mayor Gary Resnic

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  • Miami’s Healthy Climate

    With substantial job gains and above-average population growth, the city continues to foster positive fundamentals for multifamily. However, rent growth has decelerated to long-term averages, as the overwhelming amount of new supply begins to take its toll.

    05 July 2017 08:06
  • Rent Growth

    Rents were up 1.5% nationwide in May, down 40 basis points from April, 90 basis points from March and well below the 5.3% growth rate of a year ago. Deceleration is more than firmly established, as the year-over-year growth rate has decreased for 13 straight months since reaching 5.4% in April 2016. The last time the year-over-year increase was as low as 1.5% was in April 2011.

    19 June 2017 20:09
  • Decron, Sequoia Trade CA Assets in $193M Transaction

    Sequoia traded The Villas and Overlook, located in the 4,000-acre master-planned community of Wood Ranch, for Decron's Broadstone at Strawberry Creek. Institutional Property Advisors represented both companies.

    08 June 2017 14:42
  • IRT Nabs 160-Unit Kentucky Asset

    The real estate investment trust paid $14.2 million to purchase Haverford Place, a community in the heart of Georgetown.

    26 May 2017 19:18
  • Chicago’s Aurélien Ready for Residents

    Ryan Cos. completed the 31-story, 368-unit luxury tower some two years after it broke ground on the high-rise project. The cost of the development reached $100 million.

    02 August 2017 15:05
  • Boston’s Power

    Investor and tenant demand remains healthy in the city’s multifamily market, even as rent growth decelerates after peaking in mid-2016.

    02 May 2017 08:15
  • Luxury Apartments Target Silicon Valley Workforce

    CityView and Greystar are developing Elan Menlo Park, a 146-unit community within six garden-style buildings in Menlo Park, Calif.

    20 July 2017 16:09
  • Radnor Secures $65M for Philly Development

    During the first of The Hamilton's two phases, 279 units will be constructed in the previously underutilized corridor between Spring Garden and Vine Street in the popular Logan Square neighborhood.

    29 June 2017 16:28
  • Sturdy DC

    Washington, D.C.’s multifamily market is experiencing strong fundamentals, including robust employment, healthy population gains and record-breaking rental rates, per-unit prices and median home values.

    03 May 2017 08:32
  • CMBS Delinquencies

    Delinquencies continue to drop year-over-year from March 2016 to March 2017. Multifamily delinquencies had the largest decline of 46.1 percent or $392 million.

    14 April 2017 17:19