Channel 2 Action News learned about a federal investigation into price fixing in the apartment rental market. The investigation led FBI agents to conduct a search at an Atlanta-based apartment management company. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] FBI Atlanta confirmed their agents were there at the address of Cortland Management […]
Tag: multifamily
Bank of America to buy WaFd’s multi-family loan portfolio for $2.9 billion
(Reuters) -Washington Federal Bank agreed on Friday to sell a portfolio of commercial multi-family real estate loans to Bank of America for about $2.9 billion, helping the regional lender cut its exposure to the troubled sector. The commercial real estate (CRE) sector, which has been roiled by higher borrowing costs and lower occupancy, has become […]
Real Estate Mogul Grant Cardone Closes Largest All-Cash Multifamily Deal In South Florida This Year
Real Estate Mogul Grant Cardone Closes Largest All-Cash Multifamily Deal In South Florida This Year Real estate fund operator Grant Cardone strikes again, closing an all-cash deal on 10X Flagler Village, a 382-unit, Class A property in downtown Fort Lauderdale, Florida. Through his company Cardone Capital, Cardone has closed all cash on a quarter of […]
Buyouts of Delinquent Commercial Real Estate CLO Loans Jump 210% as Multifamily Landlords Struggle
(Bloomberg) — As delinquencies on multifamily mortgages pile up, lenders who had bundled those borrowings into securitizations known as commercial real estate collateralized loan obligations are racing to stave off trouble. Most Read from Bloomberg To keep the share of bad loans from spiking too high — a development that would cut the issuers off […]
Dave Ramsey Doubles Down On Real Estate — Says, ‘Prices Will Go Up’ As Blackstone Acquires $10 Billion More Multifamily Properties
Dave Ramsey was vocal about his prediction two years ago that home values would rise, a controversial thesis in the middle of the Federal Reserve’s interest rate hiking campaign. His reasoning was simple, highlighting the supply shortage in the market by saying that “when there is a shortage of an item … prices go up.” […]
Hearing on Manchester rules for multi-family housing and ‘ADUs’ draws crowd
Mar. 10—A public hearing on proposed ordinance changes city officials say will make construction of townhouse and multifamily housing and accessory dwelling units (ADUs) easier drew a smaller than expected crowd, with those in attendance speaking both in favor of and against the changes. “The goal with these amendments is to continue to address the […]
Multifamily Distress Weighs on Arbor Realty Trust’s Loan Portfolio
The town of Milton votes no on zoning proposal about multi-family homes near MBTA stations
A Valentine’s Day vote rejected a new zoning law in Milton. It was a close vote with little love lost between opposing sides on a crucial zoning law on housing in this Boston suburb. “The housing crisis is really important it’s a big issue in Massachusetts and we each should be doing our part,” said […]
Water leak at multi-family apartment building in Milwaukee could force evacuation
The Milwaukee Fire Department was working on a significant water leak Saturday morning at a multi-family apartment building in the 2200 block of W. Kilbourn Ave., putting residents at risk of evacuation. As of late morning, the water leak was “mostly controlled,” Deputy Chief Robert Hartung said. But a significant amount of water had leaked […]
Sellersburg council approves moratorium on multifamily housing
Jan. 9—SELLERSBURG — The Sellersburg Town Council on Monday approved a moratorium to be placed on multifamily housing after the town planning commission voted for it in December. A moratorium is a temporary delay of an activity. The moratorium will be in effect for one year with the possibility of extending if needed. In this […]