Multifamily

The redevelopment project will transform the class-C Bella Luna and San Lucas complexes with new kitchens and bathrooms, upgraded interiors, and renovated landscaping, exteriors and common areas.

Demand growth expectations at a national level for multifamily could be cut by between 10% and 20%, CoStar says.

The order hits the real estate and construction industries in Pennsylvania hard, mandating the closure of all real estate brokerage firms, as well as the cessation of construction of all residential and non-residential construction, utility, highway, street and bridge construction.

Every single major investor, institutional family office from overseas, has hit the stop button, according to Ari Rosenblum, co-founder and CEO of Vie Management.

Landlords are putting out calls in influx to legal counsel in the wake of new laws Congress has passed to alleviate financial pressures the coronavirus, also known as COVID-19, has caused with social isolation measures in effect.

Finkelstein Timberger East Real Estate, a real estate owner and management company that manages residential apartment buildings, has secured a $63.8 million loan from Morgan Stanely to refinance an eight-property multifamily portfolio in the Bronx.