Multifamily

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Testifying before a House subcommittee Thursday, the National Multifamily Housing Council's chairman told lawmakers that private capital should dominate the apartment sector “wherever and whenever possible.”

The case shows the fierce competition in buying New York real estate.

“The US construction industry has moved into a mature stage of expansion,” Robert Murray, Dodge Data's chief economist, said at the firm's annual executive conference Thursday. Multifamily starts are expected to decelerate next year.

The cap rate is king for multifamily investors, but Stepp Commercial's Mark Ventre says cap rates can be subjective.

Market rents are well below maximum allowable LIHTC rent levels, providing for a strong yield and preservation opportunity for the buyer.

As banks have pulled back from construction financing, alternative lenders are finding fertile ground there. Walker & Dunlop's Jamie Butler takes us on a tour of the landscape.

Is the city meeting its current needs in infrastructure and housing? Angela Pinsky of ABNY discusses with James Nelson in this month's column for GlobeSt.com.