Marcus & Millichap Pacific Northwest’s Post

The newest issue of Northeast Multifamily & Affordable Housing Business has arrived – see why “NYC Investors Hunt for Distressed Deals” in the cover story. Higher interest rates and tougher regulations stalled many apartment deals in 2023, but some distressed owners may be forced to sell in 2024.  By Bendix Anderson; insights from – James H. Simmons III, Asland Capital Partners; Elie Rieder, Castle Lanterra ; Douglas Eisenberg, A&E Real Estate; Joe Koicim, Marcus & Millichap; Peter Carillo, Investment Sales / Greater New York Area, HKS Real Estate Advisors; Eric Brody, Anax Real Estate Partners. Inside this Issue How Do I Ensure My Dog Park Will be a Howling Success?  Your tenants and their canine companions will keep coming back to a pet amenity space that is thoughtfully planned, well designed and diligently maintained.  By John Sarver, Gyms For Dogs™ Northeast Renters Rate Top 10 Most Desired Apartment Features, Community Amenities Comfort, safety and everyday convenience are among top preferences of survey respondents.  By Sarah Yaussi, National Multifamily Housing Council Gen Z: 90 Million Renters Who Command Our Attention Invest in apartment construction that catches the eyes of young tenants and watch your lease renewals and occupancies grow.  By Tim Mustard, AIA, TCA Architects, Inc. Read the issue: https://lnkd.in/e-2AfsMd #NortheastMultifamily #Multifamily #AffordableHousing #CRE Scott France

Multifamily Commercial Real Estate Contact me to discuss the latest scoop in real estate! #northlasvegas #hendersonrealestate #summerlin #luxuryrealestate #lasvegasconstruction #relocatingtolasvegas #lasvegashomesforsale #movingtolasvegas #lasvegasrealtor #lasvegasrealestate

Huntsville is experiencing unprecedented new apartment construction with 60 properties and 13,158 units actively under construction at year-end 2023 – in a market where total existing supply is near 37,000 units. A copy of our latest Huntsville Multifamily Market Overview can be accessed below.   This surge in new construction was triggered by Huntsville’s rocket-propelled population and employment growth, coupled with its fabulous quality of life, STEM-focused economic base, low cost of living, historically low interest rates, and other factors noted in the attached Overview. Going forward, we expect nominal new multifamily starts for the next few years. While 2024 and 2025 will be challenging, the economic outlook is very strong.   As a Huntsville local, I drive these properties regularly and would be happy to discuss the market and outlook with you. My Berkadia teammates who also help cover Huntsville would also be happy to discuss: John McCrary,Tyler Hogan, Russ Hardy.   #berkadia #alabamamultifamily #apartmentconstruction

Minneapolis MultiFamily Housing Market Trends Dec 2023  #MinneapolisMultiFamily #HousingMarketTrends #MinnesotaHomes #MinnesotaProperties #MinnesotaRealEsatate

Check out my latest piece for Conservice - the impact of small #multifamily properties. #contentmarketer #conservice

MULTIFAMILY MINUTE | SIGNIFICANT ADJUSTMENTS The Silverlake | Echo Park apartment market experienced significant adjustments in Q4 2023 when compared with Q4 2022, highlighting shifts in market valuations and investor behavior. There was a notable decrease in the median price per square foot (PSF), which fell by 17%, alongside a 6% reduction in the median price per unit. Furthermore, the median capitalization rate saw a modest increase of 13 basis points (bps). The rental market showed signs of stability as effective rent per unit decreased by 1%, and the vacancy rate saw a slight uptick of 30 bps. However, transaction volume witnessed a significant decline, dropping by 50% to total only 7 transactions for the period. Looking ahead, the Silverlake | Echo Park apartment market is anticipated to experience a continued stabilization in pricing. Additionally, there is optimism for an increase in transaction volume as the Federal Reserve is expected to decrease interest rates in the coming quarters. Are you considering a strategic exit from the market? Let the True North CRE Team be your trusted partner in this journey. Our full-service approach is tailored to empower you with clarity and confidence in every decision you make. Reach out to us for a complimentary valuation to get started. We look forward to hearing from you! Presented by: True North CRE John Swartz, Los Angeles Apartment Investment Advisor Jacqueline Carroll, Multifamily Specialist #losangeles #multifamily #apartments #market

Is the Charlotte Multifamily Market Showing Signs of Softening? 🏙️ While the Charlotte multifamily real estate market remains robust, there's an emerging trend worth noting: concessions are on the rise in the Queen City. This shift aligns with a broader national trend recently highlighted by GlobeSt. 📈 #RealEstate #Multifamily #Charlotte #MarketTrends #GlobeSt

Move to Massachusetts Multifamily Housing Is on the Rise #medfordrealtor #realestateagent #bostonrealtor #medford #massachusettshomes #massachusettsrealestate #massachusettsinvesting #massachusettsrealtor #realestate #realtor

San Francisco Multifamily Market: 2024 Outlook #sanfrancisco #sfrealestate #bayarearealtor #bayarea #california #bayarearealestate #sanfranciscorealestate #sfrealtor #californiarealestate #siliconvalleyrealestate

What’s next? Here is a sneak peak of the next multifamily project coming from Stoneshore. Phase One is a 36 unit apartment building with elevator. In the new year I will share how we progressed into developing multifamily housing.