Austin (Texas) Monitor, Dec. 1, 2021–Audrey McGlincheyThe median sales price of a home in Austin, Texas rose more than $100,000 this year and rents have been climbing at the fastest …
Group Newslink: MBA Commercial/Multifamily NewsLink Dec. 2 2021
Startup Tops $1 Billion Valuation Finding Labor for Rental Housing
Bloomberg, Nov. 30, 2021–Patrick ClarkLessen, a technology company that connects property owners with building contractors, is raising $170 million to keep up with demand from institutional investors pouring into rental …
Why a Lending Bounty Awaits Multifamily Borrowers
Multi-Housing News, Nov. 30, 2021–Gail KalinoskiAfter two years of extraordinary liquidity, multifamily lending is on track for a record-breaking year that will give multifamily investors and sponsors a full menu …
KKR, Wells Fargo Look to Expand at Manhattan’s Hudson Yards
Wall Street Journal, Nov. 30, 2021–Kate King (subscription)Two blue-chip financial companies are looking to add more square footage at Hudson Yards, the latest sign high-end office space is still in …
Pandemic Delivery Boom Fuels Demand for ‘Last Mile’ Space
Wall Street Journal, Nov. 30, 2021–Will Parker (subscription)Industrial properties in general have enjoyed strong rent growth and record-low vacancies during the pandemic. An increase in online shopping has furthered the …
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Landlords Are Less Likely to Reply to Applicants with Black and Latino Names
Bloomberg, Nov. 29, 2021–Kelsey ButlerIn the largest study of its kind to date, researchers created fictitious renters with names more often associated with White, African American or Hispanic identities. They …
More Investors Eye Grocery-Anchored Shopping Centers for Better Risk-Adjusted Returns
Wealth Management Real Estate, Nov. 29, 2021–Jenn ElliotAs pricing continues to rise for industrial and multifamily assets, grocery-anchored shopping centers are looking more and more attractive.https://www.wealthmanagement.com/retail/more-investors-eye-grocery-anchored-shopping-centers-better-risk-adjusted-returns?
Rental Assistance to Be Redirected Based on Demand
Wall Street Journal, Nov. 29, 2021–Andrew Ackerman (subscription)The rental assistance program got off to a slow start this year, but more money is now finding its way to tenants and …
Q3 Multifamily Housing Market Shaped By Higher Rents, Lower Vacancies: Report
Benzinga, Nov. 24, 2021–Phil HalThe U.S. multifamily housing market is being shaped by rising rents, lower vacancies and increased sales volume, according to the newly published Walker & Dunlop Multifamily …