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Multifamily

Out-of-State Buyers Flock to Miami

February 12, 2019 |

A growing list of public officials in high-tax states are expressing alarm that big earners are bolting to low-tax states as new data suggests some home buyers are moving in response to the year-old change in the federal tax law.

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National Investors Begin to Take Interest in Detroit Market

February 7, 2019 |

In 2018, the Detroit real estate market had a banner year for transactions, new developments and big headlines. Chief among these was Ford Motor Co.’s acquisition of the vacant Michigan Central Station, a major media event that attracted attention from … Read More

The U.S. Apartment Sector Would Continue to Remain Strong Even in a Recession

February 6, 2019 |

Even if there is an economic downturn in the near future, the apartment sector is likely to hold up, according to industry experts.

“Apartments are still resilient against a possible recession,” says Andrew Rybczynski, senior consultant for CoStar Group Portfolio … Read More

FRIEDMAN’S STEVEN SILVERMAN & JAMES TUMEY SELL HISTORIC CENTRAL TRAIN STATION APARTMENT BUILDING IN DETROIT’S CORKTOWN NEIGHBORHOOD

February 1, 2019 |

Farmington Hills, Michigan (February 1, 2019) – Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold a 16 unit apartment building located at 2072 Wabash in Detroit’s Corktown Neighborhood. Altia Phoenix, LLC sold … Read More

Healthy 2019 Projected for Multifamily Investment

January 24, 2019 |

The 2019 investment outlook is off to a bright start. The underlying metrics supporting the apartment market entering the new year remain healthy. Employers ended last year on a high note, lifting annual job growth to 2.6 million positions and … Read More

Commercial property values rise 35 percent in Detroit over past year

January 23, 2019 |

Commercial property values in Detroit rose 35 percent between 2017 and 2018 after the city completed its first citywide reassessment of commercial buildings in decades, Mayor Mike Duggan said Tuesday.

The overall value of commercial property in Detroit … Read More

How the Continued Government Shutdown Could Affect Commercial Real Estate?

January 23, 2019 |

As it continues with no light at the end of the tunnel, the 2019 government shutdown is the longest in U.S. history as of January 12th. The partial federal government shutdown began on December 22, 2018 and continues to have … Read More

2018 Multifamily Rent Growth Ends Strong

January 15, 2019 |

The multifamily market continues to perform strongly, with an increase in national rent growth of 31 percent over the last eight years. According to a survey of 127 markets by Yardi Matrix, annual rent growth has risen at least 2.9 … Read More