Covina Apartments Trade on In-Place Cash Flow, Rental Upside

Covina Apartments Trade on In-Place Cash Flow, Rental Upside

Marcus & Millichap has closed the sale of Vincent Village, a 40-unit apartment property located at 4810 N. Vincent Ave. in Covina. The property sold for $8.2 million, or $205,000 per unit,... Read more »
U.S jobs report surprises to the upside

U.S jobs report surprises to the upside

The U.S. economy added significantly more jobs than expected during the first month of the year. Jobs increased by 353,000 in January, up from a revised rate of 333,000 in December, according... Read more »
The upside of 8% mortgage rates? More inventory

The upside of 8% mortgage rates? More inventory

Weekly housing inventory data Even though I haven’t been able to hit my target level of 11,000 -17,000 weekly inventory growth levels in 2023 with higher rates, it is clear that higher... Read more »