Yardi: Strong fundamentals will make multifamily weather headwinds | 2018-06-22

A new report from Yardi indicates that though there are headwinds slowing the multifamily market, strong fundamentals will keep the plane cruising at altitude. Here’s the tale of the tape: Tailwinds: Millennial and Baby Boomer demand for apartments High occupancy (hovering around 95%) Long and controlled construction pipeline Investor preference for multifamily assets Healthy economy…

Property values will rise modestly in this MSA | 2018-06-22

The third-largest Metropolitan Statistical Area in the United States covers portions of Illinois, Indiana and Wisconsin. According to the most recent VeroFORECAST, the sprawling Chicago-Naperville-Joliet MSA not only ranks behind New York and Los Angeles in terms of population, but also in its predicted real estate appreciation through March 2019. This VeroFORECAST from Veros Real Estate…

Cushman & Wakefield files for IPO | 2018-06-22

Commercial real estate mega-company Cushman & Wakefield filed for IPO, the next step on its path to ascending to the top rung with CBRE and JLL. According to an article from The Wall Street Journal, analysts have been waiting for Cushman to file for IPO for a long time. WSJ cites a desire in Cushman's ownership group members to…

Joe Cartellone joins BBVA Compass as director of mortgage banking and home equity | 2018-06-22

BBVA Compass appointed Joe Cartellone as its director of mortgage banking and home equity. "His innovative mindset, coupled with his proven success in building and growing high-performance mortgage strategies, will be a strong addition to the bank and our valued clients. He is committed to not only the bank's success, but also our clients' success…

End of conservatorship? Trump administration proposes privatizing Fannie Mae, Freddie Mac | 2018-06-21

Later this year, the housing industry will “celebrate” the 10-year anniversary of Fannie Mae and Freddie Mac being taken into conservatorship at the height of the housing crisis, but if the Trump administration has its way, the conservatorship of the government-sponsored enterprises could actually be ending soon. The Trump administration on Thursday proposed a massive,…

174 Congress members pressure Carson to finalize FHA condo rules | 2018-06-21

Congress members and National Association of Realtors teamed up to put pressure on Department of Housing and Urban Development Secretary Ben Carson to finalize the rules regarding condos and Federal Housing Administration loan approval. Members of both parties, include 54 Senators and 120 members of the House of Representatives, signed a letter asking Carson to get a move…

Hunt Investment Management hires Evan Abrams | 2018-06-21

Multifamily specialist investment firm, Hunt Investment Management, hired Evan Abrams as senior vice president to lead marketing and investor relations functions and bring in new capital partnership for the firm. "Evan is a seasoned investment professional with a strong background in real estate and capital raising for a diversified set of real estate focused investment managers,"…

Faith in multifamily still strong despite month-over-month drop in permits | 2018-06-20

According to U.S. Census Bureau and Department of Housing and Urban Development data, multifamily permits dropped 8.7% from April to May, and though that may sound like a significant drop, experts say the multifamily train is still rolling and that the nation is on track to complete 350,000 plus units by year’s end. “It’s hard to tell anything month…