Multifamily

We have seen affordable ballot measures succeed and fail in the last few years. What is the outlook for the last attempt to repeal Costa-Hawkins?

Secondary markets, workforce housing and ground-up construction will be the mantras of multifamily capital this year.

“The high end of the New York City home sales market slowed this quarter in comparison to past quarters,” says REBNY president John Banks.

The Midwest especially should benefit from the focus on secondary and tertiary markets.

“Center City is coming off a record year in total construction completions in the downtown market, with 1,624 new units delivered in 2016, and absorption was strong in 2017,” says Jared Jacobs, Cushman & Wakefield's research manager.

With more major diversified financial institutions appearing to be taking ownership stakes in debt funds, mortgage-banking firms and technology platforms, the waters are growing murkier for those that have been in this space for some time, panelists at MBA CREF tell attendees.