Globe Street – Multifamily
NYC Apartment Rents Slip Back to 2011 Levels
on October 26, 2020 at 2:14 pm
The average apartment rent in Manhattan has fallen below $3,000 for the first time since 2011.
Here is Where The Deals are Getting Done
on October 26, 2020 at 12:26 pm
The multifamily and industrial sectors fueled the sales volume that has occurred.
CRE Prices Are Rising Even as Transactions Continue to Tumble
on October 26, 2020 at 12:04 pm
The annual rate of US commercial real estate price growth ticked up 1.4% in September.
Apartment Owners Report Improving Sales, Other Conditions
on October 26, 2020 at 11:52 am
The latest data from the National Multifamily Housing Council shows that nearly half of respondents believe market conditions are looser than three months ago.
Multifamily Investors Ride COVID's Storm on Strong Fundamentals
on October 23, 2020 at 4:43 pm
COVID-19 changed the multifamily investment landscape. But as NorthMarq's Trevor Koskovich explains, not in ways most people would expect.
The Collins Group Buys Jacksonville Apartment for $47M
on October 23, 2020 at 2:28 pm
The seller of the value-add property was a fund managed by New York-based DRA Advisors.
Howard Hughes Corp. Unveils $1.4B Plan for Lower Manhattan's Seaport
on October 23, 2020 at 2:16 pm
The $1.4 billion proposal will transform an underutilized block in the South Street Seaport Historic District.
Is Capital Following People to Sunbelt?
on October 23, 2020 at 12:58 pm
As people move South, one observer thinks capital flows will follow.
Are Apartments Still an Inflation Hedge?
on October 23, 2020 at 12:29 pm
With sophisticated daily pricing tools, apartments today are better positioned to respond to inflationary pressures than they were forty to fifty years ago.
Hotels Could Present an Opportunity for Apartment Conversion
on October 23, 2020 at 9:00 am
Due to the dramatic decrease in travel, hotels could emerge as a favorite asset class to convert into apartments.
Class B and C Apartments Will Be Next to Face Headwinds
on October 22, 2020 at 12:21 pm
Fitch says that renters could relocate to more affordable suburban and Sunbelt markets as they seek more space.
Morgan Stanley Launches $1B Bond for Affordable Housing
on October 22, 2020 at 11:37 am
The firm has issued a $1 billion social bond to support affordable housing projects as part of an ongoing strategy to address sustainability challenges.
RLP Investments Acquires DC Multifamily Portfolio
on October 21, 2020 at 9:06 pm
The company plans to renovate the portfolio's four properties, which are located in a qualified Opportunity Zone.
$100M Financing Secured for Chicago Multifamily Project
on October 21, 2020 at 8:31 pm
JLL capital markets secured the construction loan on behalf of Marquette Cos. for the development of its 278-unit, high-rise apartment tower in Chicago's Fulton Market.
New York Concessions are Highest in Nation and Growing
on October 21, 2020 at 2:29 pm
The value of concessions in the area has risen 5.1 percentage points from 7.5% at the end of 2019, to 12.6% in August 2020.
The Coming Challenges with Rent Collection
on October 21, 2020 at 12:56 pm
While one observer thinks apartment rents have held up better than expected until this point, he realizes they have gotten some help.
Multifamily Late Loan Payments Uncharacteristically Spike in Sept.
on October 21, 2020 at 12:52 pm
In September, late payments for agency loans rose to 1.4% from 0.46% in August. Non-agency late payments rose from 1.83% in August to 2.78% in September.
Apartment CMBS Delinquencies Could Lead to Increased Evictions
on October 21, 2020 at 12:31 pm
Currently, multifamily mortgage delinquency levels are up only slightly from pre-pandemic levels for both affordable housing and market-rate housing loans in CMBS transactions.
How CRE Stacks Up Under Democratic, Republican Administrations
on October 21, 2020 at 12:21 pm
Over the past 40 years, annualized total returns averaged 9% under Democratic presidents and 8.2% under Republican presidents.
Class A Apartments in Top Markets Are Leading the Rise in Concessions
on October 21, 2020 at 11:59 am
Class-A markets and expensive markets are seeing an increase in apartment concessions.