Highlights: The Houston multifamily market closed 2020 with a surge in new deliveries of apartments, pushing the vacancy rate higher. Construction is expected to be active in 2021 as well, but renter demand for apartments should accelerate as the economy… Continue Reading
MINNEAPOLIS, MN (March 23, 2021) — William Ross, president – debt and equity, plans to retire from NorthMarq after 45 years in the commercial real estate mortgage banking industry, 12 of which were with NorthMarq. His last day with the… Continue Reading
Highlights: Demand for manufactured housing rose in the fourth quarter, with occupancies rising and rents pushing higher. Investor demand also gained momentum with more properties trading and prices rising. The national occupancy rate rose 10 basis points in the fourth… Continue Reading
CHICAGO, ILLINOIS (March 18, 2021) – Brett Hood, managing director of NorthMarq’s Chicago-based regional office, secured $73,249,200 in combined FHA debt recapitalizing three multifamily properties consisting of 721 total units located in Omaha, Nebraska and Norwalk, Iowa on behalf of… Continue Reading
MINNEAPOLIS, MINNESOTA (MARCH 17, 2021) — Nancy Ferrell, executive vice president/regional managing director – Baltimore, and Faron Thompson, regional managing director – Atlanta, were recently interviewed as part of an article in Southeast Real Estate Business titled, “Debt Providers Find… Continue Reading
SAN DIEGO, CALIFORNIA (MARCH 17, 2021) — Despite an expected slowdown due to the COVID-19 pandemic, the San Diego multifamily market remains resilient and well-positioned for a comeback quicker than many other markets across California. While there were few San… Continue Reading
