Globe Street – Multifamily
Pendry Residences Park City Hits Half-Sold Milestone During Pandemic
on August 14, 2020 at 7:00 pm
Despite the pandemic, Pendry Park City has seen strong demand and sales activity during the pandemic.
$16.6B In CMBS Loans Granted Some Form of Relief in July
on August 14, 2020 at 12:15 pm
Nearly two-thirds of loans granted forbearance were for hotels.
Pandemic Can't Stop Home Price Increases
on August 14, 2020 at 12:09 pm
A new report shows 96% of metro areas in the US saw Q2 price increases for single-family homes.
Rent Fintech Company Gets $8M for Its Flexible Payments Platform
on August 14, 2020 at 11:53 am
More renters are making partial payments, and tech like this could make it easier for property managers to manage unusual arrangements.
TOD Developments Could Create More Equitable Housing
on August 13, 2020 at 7:00 pm
San Diego's Riverwalk from Hines is a model for the benefits of transit-oriented development.
Final Days to Nominate for Influencers in Senior Housing
on August 13, 2020 at 1:00 pm
The submission deadline for GlobeSt. Real Estate Forum's next influencer series is fast-approaching on August 21!
COVID Hits Class C Apartments Hard
on August 13, 2020 at 12:25 pm
As rent payments slow, so do renovations.
Apartment Survey Finds August Rent Payments Held Up Fairly Well
on August 13, 2020 at 11:50 am
But look out if Congress and the administration don't provide further COVID-19 relief, the National Multifamily Housing Council warns.
Hunter Street, Rice Park Capital Launch Residential Loan Platform
on August 13, 2020 at 11:43 am
The pandemic's impact has caused uncertainty in the traditional residential transition loan market, despite fundamentals for housing remaining "relatively stable."
Nuveen Raises $500M for Multifamily, Industrial Funds
on August 12, 2020 at 9:37 pm
The funds focus on multifamily and industrial assets.
240,000-SF Site in Bronx Seeks Ground Lease
on August 12, 2020 at 9:19 pm
B6 is seeking to negotiate a 99-year ground lease for the site at 350 Grand Concourse.
Freddie Mac's Rich Martinez on the Agency's Response to the Pandemic
on August 12, 2020 at 12:27 pm
In retrospect, Freddie Mac's decision to choose an industry veteran like Martinez — he has been with the agency for over thirty years — proved prescient.
Coney Island Apartment Secures $48M Affordable Loan
on August 12, 2020 at 12:20 pm
The $48 million Freddie Mac Targeted Affordable Housing loan will refinance a 360-unit property in this Brooklyn neighborhood.
Pandemic Fuels Second-Quarter Dip in CRE Lending
on August 12, 2020 at 11:58 am
Banks were the source of more than 70% of loan originations in the second quarter, a lending share that has more than doubled from recent averages. Much of that growth was driven by regional banks, according to the CBRE report.
Greystar Launches Its Second Debt Fund
on August 12, 2020 at 11:51 am
Greystar Real Estate Partners, LLC, made news this week when it announced the launch of Greystar Credit Partners II, LLC
BOMA, Yardi, Brightline Team Up on COVID-19 Impact Studies
on August 12, 2020 at 11:44 am
The joint study will build upon Brightline's study in April and May 2020 on the mid-Atlantic.
DFW Multifamily Overbuilding Risk is Less Than in Prior Downturns
on August 12, 2020 at 9:24 am
One of those properties now underway is the Reserves at San Marcos, which will feature 376 units, 298 of which will be reserved for tenants earning up to 60% of the area median income.
IREM Takes Action to Stem A New Housing Crisis
on August 12, 2020 at 8:45 am
A recent joint letter to Congress spells out further relief measures to shore up the beleaguered rental housing marketplace. The goal, says IREM's Dawn Carpenter, CPM, "is to keep people in their apartments."
Pay It Forward: Advice from CBRE's Laurie Lustig-Bower
on August 11, 2020 at 7:02 pm
Even though you are coming in as a freshman, you better act like a senior. Try to learn the business faster and become more valuable to your team sooner.
Delray Beach Apartment Complex Trades for $74M
on August 11, 2020 at 1:58 pm
An Atlanta-based multifamily developer and investor buys a 3-year-old development for $260,211 a unit.