Multifamily

For the full year, total private-sector jobs were up by 74,200 positions or 1.9% in 2018, marking the ninth consecutive year of positive job creation and the longest period of job gains on record.

The mid-rise Pearl Flagler Village project, developed by MORGAN and institutional investors advised by J.P. Morgan Asset Management, includes 12 studios, 238 one-bedroom, 80 two-bedroom and 20 three-bedroom units.

The firm states that its MVP Fund will focus on middle market real estate-based investments including joint ventures, active or passive investments, urban infill development projects, income producing properties and substantial value-added renovations including historic properties.

Tarek El Gammal will focus on multifamily investment sales for clients throughout the Southeast. 

Leaders of Fannie Mae and Freddie Mac talk about the multifamily landscape, data standardization, affordability issues, and demographics last week at the MBA CREF conference.

With the closing of this latest loan, Amboy Bank's Gregory Scharpf says, the bank has supplied financing of approximately $85 million to Blackstone 360.