RentWire

ARTICLES

  • Yardi reports rent growth steadily increasing

    Rents jump $2 to $1,426
    Average multifamily rents increased $2 in February to $1,426, according to the latest Yardi Matrix national multifamily report. The report noted that demand for rentals isn't showing any signs of slowing down, bolstered by low unemployment and growing wage growth. 
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  • CRE firm Savills Studley announces rebrand

    Firm shortens name to align with parent company
    New York-based commercial real estate firm Savills Studley Inc. announced this week it has shortened its name and rebranded as Savills. The change aligns the U.S. arm of the company's business with the global platform of parent company London-based Savills plc, it explained in a press release.
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  • JLL buying HFF in $2 billion deal that will create multifamily real estate giant

    Two of the largest multifamily operators are joining forces
    In a deal that will combine two of the biggest names in multifamily and commercial real estate, Jones Lang LaSalle announced Tuesday that it is buying HFF for approximately $2 billion. Both JLL and HFF are consistently among the top lenders in the multifamily real estate space, with both companies placing in Freddie Mac’s top 10 lenders of 2018.
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  • New York man admits to playing key role in massive multifamily real estate scandal

    Scam defrauded M&T Bank, Berkadia Commercial Mortgage, others
    A New York man has admitted to taking part in a massive multifamily real estate scandal that harkens back to some of the darkest parts of the housing crisis, including fake residents, fake incomes, and inflated mortgages. The charges stem from an investigation that the Wall Street Journal previously called “one of the biggest mortgage-fraud probes since the financial crisis.”
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  • Rent control back on the table in California

    Golden State Democrats unveil bills to ease rent
    The fight for rent control in the state of California is, seemingly, far from over. Months after the state's voters wholeheartedly defeated a rent control initiative in last November's election, the issue of expanding rent control in California has returned to the state's legislature this week after a group of Democratic lawmakers unveiled a series of bills designed to tackle the issue another way.
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  • Is San Francisco the world's most expensive rental market?

    Yeah, actually, it is. Are you surprised?
    We all know housing is crazy expensive in California, but is San Francisco the most expensive place to rent in the world? According to apartment search site Zumper, it is. Read on to see just how expensive the West Coast market is compared with the rest of the world.
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  • RentCafé: Senior renting jumps 43% in 10 years

    New data shows seniors are outpacing their younger counterparts when it comes to renting
    Recent data from RentCafé shows that the number of seniors renting has taken off, seeing stunning growth in a 10-year period. Renters aged 60 and over grew by 43% over 10 years, from 6.55 million in 2007 to 9.37 million in 2017, outpacing their younger counterparts in renter growth.
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  • Multifamily tech company Livly launches with $10 million seed funding round

    Company seeks to bring a "modern approach" to rentals
    Tech-driven multifamily operations company Livly officially launched this week and is seeking to digitally disrupt the renting and the property management process. The company has a considerable amount of money behind it, announcing it raised $10 million in capital during its seed funding round.
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  • MBA: Commercial, multifamily mortgages continue performing historically well

    Delinquencies remain near historic lows
    It was basically the same song, different verse for commercial and multifamily mortgages at the end of 2018, with those mortgages continuing to perform at historic levels throughout the fourth quarter. According to newly released data from the MBA, delinquency rates on commercial and multifamily mortgages remained near historic lows during the fourth quarter, just as they did all year.
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  • Blueground raises $20 million to turn apartments into luxury medium-term rentals

    Leases units, furnishes them, rents them out for 30 days or more
    Property owners and managers have a new outlet if they’re looking to get their empty apartments rented out on a long-term basis: Blueground. Blueground, which launched in the U.S. last year, is now ready to expand, thanks to $20 million in new funding. Blueground works with “prominent” landlords in the U.S. to turn apartment units into luxury-appointed rental units that are rented out to “vetted” renters for 30 days or longer.
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