Reynolds Asset Management announced the closure of a $28.5 million refinancing loan for its multifamily complex The Mural in Orange, New Jersey. Reynolds broke ground on construction at the property in May 2022, completed construction in the summer of 2023, and...
A former executive with Blackstone (NYSE:BX) is on track to raise $1 billion for a real estate-focused fund. The Wall Street Journal, sourcing its coverage from unnamed “people familiar with the matter,” reported Tyler Henritze, Blackstone’s former head of real estate...
Grubb Properties, a leading vertically integrated commercial real estate firm focused on the multifamily sector, has hired Gavin Morgan as managing director for investments. In his new role, Morgan will work on expanding Grubb’s capital formation efforts, with a...
Median asking rents in the 50 largest metros dropped 0.7% year-over-year last month to $1,747, according to new data from Realtor.com. September marked the fifth consecutive month of rent price declines. The median rent on a studio unit was $1,447 in September, while...
The Bainbridge Companies LLC, a Wellington, Florida-based multifamily-focused real estate firm, has hired Teresa Holmes as vice president of operations. In her new role, Holmes will oversee the daily operations of a real estate portfolio throughout the Southeast and...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
