Multifamily

JLL Capital Markets secured $55 million for Cape Advisors' 2.5 acre waterfront development in Astoria.

While multifamily is in relatively good shape, one observer sees potential issues in Class C and mixed-use apartments.

Zillow found that US rent growth has slowed this spring as heavy unemployment hit renters harder than homeowners.

"After years of strong fundamental performance, the COVID-19 pandemic injected a huge amount of uncertainty and volatility into multifamily," a team of Yardi Matrix researchers reported.

A 100% affordable 71-unit residential rental community at 950 W. El Camino Real will provide independent living for a mix of single- and two-person households earning between 50% to 70% of the area median income.

The impact of the COVID-19-related economic downturn on the multifamily industry is expected to have a greater impact on large coastal metro areas.

PocketList is an apartment rental platform that provides rental listings before they come to the market.

Many are predicting an urban exodus, but the most recent migration patterns show an increase in moves to dense urban markets.