Mesa West Capital, New York, provided Atlanta-based real estate investment firm Audubon with a $71.5 million first mortgage secured by The Cooper, a 344-unit multifamily community in Mount Pleasant, S.C.
Category: News and Trends
MBA Opens Doors Foundation Raises Nearly $235,000 During MBA’s Chairman’s Conference
The MBA Opens Doors Foundation announced it raised $234,536 at its Annual Charity Wine Auction held during MBA’s June Chairman’s Conference in Manalapan, Fla.
Zillow: Rent Growth’s Steady Slowdown Continues
Apartment asking rents climbed by $12, or 0.6%, from May to June, reported Zillow, Seattle.
MBA CREF24 Registration Opens
Make plans to attend the commercial/multifamily industry event of the year: #MBACREF24, taking place February 11-14 in San Diego. Register by August 31 to take advantage of last year’s rates.
New Date, July 24: MBA Education Webinar Office Doldrums: Challenges, Opportunities and Nuances
Office markets and performance are on the minds of market participants as technology layoffs and space reduction announcements drive the year’s news cycles along with rising interest rates. Join MBA Education and industry practitioners as they explore opportunities and challenges in the office sector.
CREF Policy Update: July 20, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week: July 20, 2023
“The supply of low-rent units has fallen continuously in the past decade due to rent increases in existing units, tenure conversions out of the rental stock, building condemnations, and demolitions.”
–Harvard Research Analyst Sophia Wedeen.
New Date, July 24: MBA Education Webinar Office Doldrums: Challenges, Opportunities and Nuances
Office markets and performance are on the minds of market participants as technology layoffs and space reduction announcements drive the year’s news cycles along with rising interest rates. Join MBA Education and industry practitioners as they explore opportunities and challenges in the office sector.
Construction Spending Increases for Fifth Consecutive Month
The Census Bureau reported construction spending increased in May to a seasonally adjusted annual rate of $1,925 billion, 0.9 percent above the bureau’s revised April estimate.
Dealmaker: Gantry Secures $12M to Refinance Affordable Multifamily Property Near Seattle
Gantry, San Francisco, secured a $12.1 million permanent loan to refinance an apartment property in Auburn, Wash., in the Seattle suburbs.