Zach Hales
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Rental report for 2023 shows interesting insights
RentCafe, an organization that closely monitors rental real estate, has published an end-of-year report that gives further insights into how the rental market changed in 2023. Compared to 2022, this year saw more growth and stability in certain markets. More
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Will multifamily remain a strong investment in 2024?
Next year will certainly be an interesting year for the multifamily sector, according to Logan King, director of Investments at CP Capital US. Real estate remains a great diversification and inflation hedge for any investor’s portfolio, but multifamily in particular is the most liquid of the property types and very resilient given that housing is a core necessity. More
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in Finance News, PremiumCBRE reports on higher 10-year treasury yield
Amidst financial and economic uncertainty in recent years, the 10-year treasury yield has been affected as reported by CBRE. This is in addition to investor sentiment for investing in commercial real estate. But according to CBRE, this is not due to inflation. The latest bond market sell off has resulted in an increase of the 10-year treasury yield to almost 5%. The main drivers of this increased yield are mounting economic and political pressures. More
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Mortgage Bankers Association predicts commercial lending to fall 46% in 2023
The Mortgage Bankers Association (MBA) released an updated baseline forecast for commercial and multifamily lending. According to this updated report, lending in these sectors is going to decline by 46% compared to lending in 2022. The new total amount lent for this year is expected to be $442 billion. This is down from $816 billion in total lending in 2022. More
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in Finance News, PremiumCommercial real estate lending affected by market uncertainty
Reports from the second quarter of 2023 show some insights into how current market uncertainty is affecting the rate of lending for commercial real estate. CBRE, the organization conducting the research, released the Lending Momentum Index which tracks commercial loan closings in the United States that came from CBRE. What this index showed was commercial loan closings in the second quarter of 2023 saw a decline of 5.4% compared to the first quarter of 2023, along with other findings. More
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Luxury community with 214 units acquired in New Jersey
Real estate development and investment company Denholtz Properties acquired Solo at North Bergen, a luxury multifamily housing community in North Bergen, New Jersey. The 214-unit property was completed this year and is already at 98% capacity. More
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in Finance News, PremiumIPA reports strong demand for high-end apartments rentals
Key takeaways from the newly released Class A Multifamily Outlook Midyear 2023 special report, published by Institutional Property Advisors (IPA), a division of Marcus & Millichap, show that today’s high barriers to homeownership are helping support demand for high-end apartments. “Particularly among the millennial demographic,” said John Sebree, senior vice president and national director of More
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in Finance News, PremiumAI fuels growth of data centers across the North America
A report published by CBRE has shown the rise of artificial intelligence is causing an increased demand for data centers within North America. In fact, data center construction in North America has risen 25% in the first half of 2023, reaching an all-time high. This is especially notable given many companies and industries are showing some financial restraint due to economic uncertainties. More
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Brook Farm Group to start construction on 388-unit multifamily project in Metro Atlanta
The Sinclair at Callaway Farm, a new 388-unit residential project in Covington, Georgia, near Atlanta, will bring more residential units to a growing area. The project, which is denoted as a Class A multifamily development, was initiated by co-development partners Brook Farm Group, Emory Equity and SilverCap Partners. More
