Yardi Matrix: expenses and income grow in tandem in affordable housing
On December 3, Yardi Matrix released its first-ever report on expense and income growth in the affordable housing sector. The report concludes that expenses and income have grown in tandem at above-level...
Ariel Property Advisors Arranges $33.75M Acquisition Loan for Upper East Side Multifamily Property Renoir...
The Capital Services Group for Ariel Property Advisors (Ariel) has arranged a $33.75 million acquisition loan for Renoir House, a 105,282-square-foot, 151-unit, predominantly free-market luxury residential building at 225 East 63rd Street on Manhattan’s...
Lendlease Unveils Brand Name, Renderings for The Riverie, Residential Development Along Brooklyn’s Greenpoint Waterfront
Lendlease, a leading integrated real estate and investment management group, and joint venture partner Aware Super, one of Australia’s largest superannuation funds, unveiled the name and new renderings for The Riverie, an 834-unit multifamily...
Marcus & Millichap Brokers $6.7M Sale of Historic West Village Multifamily Property 77 Barrow...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 77 Barrow Street, a multifamily property in New York, for...
JLL Facilitates the Successful Transaction of the Four-Property Westwood Multifamily Portfolio in New Jersey
JLL Capital Markets announced that it has arranged the $80 million sale of the Westwood Multifamily Portfolio, a four-property, 276-unit multifamily portfolio located in Westwood and River Vale, New Jersey. JLL worked on behalf...
JLL Led the Financing Efforts for Ivy and Green, a Luxury Community Offering 389...
JLL Capital Markets announced that it has arranged a $115 million refinancing of Ivy and Green, a newly delivered, luxury multifamily community totaling 389 units in Hackensack, New Jersey. JLL worked on behalf of the...
Altman Living Announces Opening of Phase II of Luxury Apartment Community Altis Grand Lake...
Altman, a leading real estate development company, announced the opening of phase II of its newest luxury multifamily community, Altís Grand Lake Willis, featuring 230 apartments ranging from one- to three-bedrooms in Orlando’s O-Town...
ANF Completes New Affordable Senior Apartment Community Sol Vista in Miami-Dade County
ANF, a full-service construction and development firm, has completed construction of the new Sol Vista, a 227-unit affordable senior community co-developed by MRK Partners and Cypress Equity Investments in Miami-Dade County, Florida. “We are excited...
Blackstone Affiliate Sells South Florida Apartment Complex Horizon at Miramar for $121M
The LivCor multifamily division of Blackstone sold the 349-unit Horizon at Miramar apartments. Selling the Horizon at Miramar apartment complex in Miramar a week after selling a 27-property portfolio for more than $300M. Bell Partners...
Shoreham Capital in Partnership with Bridge Investment Group and Wynkoop Financial Begin Leasing Siesta Lakes...
Shoreham Capital, in partnership with Bridge Investment Group and Wynkoop Financial, has begun leasing at Siesta Lakes, a 412-unit Class-A rental community in Cape Coral, Florida. The leasing launch follows the completion of the...
Marcus & Millichap Brokers $5.9M Sale of 30-Unit Multifamily Property 580 NoMi Apartments in...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 580 NoMi Apartments, a 30-unit multifamily property which sits within the...
Berkadia Arranges $82M Sale and Financing of Unique Value-Add Multifamily Property Henley Tampa Palms...
Berkadia announced that it arranged the sale and financing of Henley Tampa Palms, a unique 315-unit, value-add garden-style multifamily community located in the highly desirable Tampa Palms master-planned community of Tampa, Florida. Senior Managing Directors...
BWE Secures $57.8M to Refinance Senior Living Community Keystone Villa at Douglassville Near Reading...
BWE, a national commercial and multifamily mortgage banking company, announced that it has secured $57,800,000 to refinance Keystone Villa at Douglassville, a 247-unit, Class A independent living, assisted living, and memory care community in...
BNE Real Estate Group Announces Grand Opening of Mixed-Use Multifamily Development Stonehill at West...
The Township of West Orange, New Jersey introduces new housing at Stonehill at West Orange, a brand-new public library, and new public dog park to a former office park near walkable shopping, dining and...
Universe Holdings Acquires West Rancocas Multifamily Property in New Jersey for $33.6M
Universe Holdings (Universe) has acquired Mi-Place at West Rancocas, a 108-unit multifamily asset in Mount Holly Township, New Jersey. Universe continues to expand its portfolio beyond California with a focus on selected markets on the...