Travis Krueger, NorthMarq’s chief administrative officer, was promoted to chief operating officer effective May 1. He succeeds Mike Myers, who retired March 31.
Category: News and Trends
Commercial/Multifamily Briefs
Hudson Oak Development, New York and Greenville, S.C., launched an opportunity fund targeting development opportunities and value-add to core-plus properties in southern and Mid-Atlantic markets with strong fundamentals that will support sustained occupancy and rent growth.
COVID-19 Shakes Real Estate Sentiment
Commercial real estate occupier and investor sentiments moved into negative territory in both the U.S. and Canada, the Association for International Real Estate Investors and the Royal Institution of Chartered Surveyors reported.
Dealmaker: JLL Arranges $85M
JLL Capital Markets, Chicago, arranged $85.2 million for retail and condominium properties in Boulder, Colo. and Miami.
Personnel News from Sims, CBRE, Berkadia
HJ Sims, Fairfield, Conn., opened a new West Coast office in Orange County, Calif., and hired Brady Johnson as Senior Vice President.
COVID-19 Economic Impact Reaches Small Multifamily Sector
COVID-19 pandemic effects are reaching the small multifamily sector, with loan originations and asset prices falling, reported Arbor and Chandan Economics.
Coronavirus Hits Hotel Sector Hard
The COVID-19 pandemic hit the hotel sector exceptionally hard, leading to some creative financing and investment opportunities, said Cushman & Wakefield, Chicago.
Multifamily Leasing Bounces Back
New apartment lease signings “clawed back” to year-ago levels in late April after plunging nearly 50 percent in late March, reported RealPage, Richardson, Texas.
Federal Agencies Launch Joint Mortgage, Housing Assistance Website on Coronavirus Impact
The Consumer Financial Protection Bureau, Federal Housing Finance Agency and HUD launched a new mortgage and housing assistance website designed to ensure homeowners and renters have current and accurate housing assistance information during the COVID-19 national emergency.
Multifamily Market Musings: A Q&A With PGIM’s Mike McRoberts
MBA NewsLink interviewed PGIM Real Estate Finance Managing Director Mike McRoberts, who serves as Chairman of the firm’s Agency platform.