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Mutlifamily Archives - Friedman Market Spotlight

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

Multifamily Housing Construction Starts Up Nine-Percent in June According to Recent Dodge Report

August 2, 2018 |

New construction starts in June climbed 11% to a seasonally adjusted annual rate of $896.3 billion, according to Dodge Data & Analytics. The increase marked the second double-digit gain in a row, following the 15% hike that was reported for … Read More

Three Reasons Why Land Deals In Multifamily Are Trending Upward

November 30, 2017 |

Typically, commercial real estate professionals are much more cautious and uninterested in buying land for multifamily development during this stage of the market cycle we’re currently in, since land is usually purchased after the market peaks — meaning rents on … Read More

Multifamily Housing Construction Starts Drop for Third Month in a Row Sliding 7 Percent in June

August 1, 2017 |

NEW YORK, NY – New construction starts in June grew 4% from the previous month to a seasonally adjusted annual rate of $679.9 billion, according to Dodge Data & Analytics.  Nonresidential building increased 13% in June, strengthening after two months of … Read More

Multifamily boom still fueling commercial lenders

July 5, 2017 |

Business is strong for commercial lenders across the Midwest. And fueling this business? Financing requests for the construction, acquisition and refinancing of the region’s hottest asset class, multifamily properties.

Just look at the numbers for commercial finance company Berkadia. Pete … Read More

Renters Now Rule Half of U.S. Cities

June 1, 2017 |

Detroit was once known as a city where a working-class family could afford to own a home. Now it’s a city of renters.

Just 49 percent of Motor City households were homeowners in 2015, down from 55 percent in 2009 … Read More