Newmark Knight Frank Multifamily brokers sale and financing of luxury apartment in Sarasota
Newmark Knight Frank Multifamily announces the sale and financing of Oasis at Sarasota, a 324-unit, community located near Downtown Sarasota, University Town Center Mall and minutes from award winning beaches. The property was 92...
Quantum Equities buys Washington, D.C., area multifamily property for $76 million
Transwestern Real Estate Services (TRS) announces its Mid-Atlantic Multifamily Group has brokered the sale of Admiral Place, a 410-unit, value-add investment property in Morningside, Maryland. AMAC sold the garden-style asset to Quantum Equities for...
CPP Housing undergoes $46.3 million affordable housing project in Raleigh, North Carolina
Community Preservation Partners (CPP), one of the nation’s most active affordable housing preservation developers, announced the acquisition of Chandler Ridge Apartments, a 228-unit mixed-income community in Raleigh, North Carolina for $26 million. Purchased with...
Sale of Kennesaw State University student housing community closes
JLL Capital Markets announced that it has closed the sale of 14 SixtyFive, a 52-unit / 241-bed, brand-new student housing community in Kennesaw, Georgia near Kennesaw State University.
JLL worked on behalf of the seller,...
New research confirms apartments outperform across time, geography and market conditions
Apartments outperform other commercial real estate property types, on both a risk-adjusted and unadjusted basis, regardless of holding period, geographic region, metro size, and growth rate according to new research from the National Multifamily...
UIP-led venture acquires 100-unit apartment building in Washington, DC
A venture led by Urban Investment Partners (UIP) of Washington DC has acquired 3333 Wisconsin Avenue NW, a 100-unit apartment building in the prestigious Cathedral Heights neighborhood of Washington, DC. The venture closed on...
Stiles celebrates groundbreaking of the Main Las Olas signature mixed-use towers, announces first office...
Fort Lauderdale-based Stiles, along with partners Shorenstein Properties LLC, an owner and operator of high-quality office, residential and mixed-use properties across the U.S., and Broward College celebrated today the groundbreaking of The Main Las...
Value-add apartment community outside Washington, D.C., sells for $52 million
Transwestern Commercial Services (TCS) announces its Mid-Atlantic Multifamily Group has brokered the sale of Capital Crossing, a 359-unit, value-add investment property in Suitland, Maryland. Hampshire Properties sold the garden-style asset to Castle Lanterra for...
April apartment market conditions showed weakness amid COVID-19 outbreak
Apartment market conditions weakened in the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions for April 2020, as the industry confronts the ongoing COVID-19 pandemic. The Market Tightness (12), Sales Volume...
JRK Property Holdings acquisition of 538-unit apartment community beginning of $1.6 billion in transaction...
JRK Property Holdings, one of the largest multifamily landlords in the United States, has acquired a 538-unit apartment complex in the Washington, DC suburb of Gaithersburg, MD, the first in a series of acquisitions...
Cushman & Wakefield arranges $34.65 million sale on behalf of Park Partners
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Vue on 67th, a 178-unit apartment community located in Davie, Florida. The final sale price was $34.65 million.
Calum...
Doris Gantos joins Gilbane Development Company as Vice President/Regional Director of Multifamily
Gilbane Development Company (“GDCo”), the real estate development, financing, and ownership arm of Gilbane, Inc., is pleased to welcome Doris Gantos as Vice President/Regional Director of Multifamily for the Mid-Atlantic region. With over 25...
Element luxury apartments in Baltimore sold
JLL Capital Markets announced it has closed the sale of Element Linthicum Heights (“Element”), a luxury apartment community located just outside of Baltimore, Maryland.
JLL worked on behalf of the seller, JLB Partners, to complete...
ECI Group expands Florida portfolio with acquisition of Makara Orlando Apartments
ECI Group announces its acquisition of Makara Orlando Apartments, a 228-unit, nine-building, Class A apartment community in rapidly growing East Orlando. The community was developed by RangeWater Real Estate and delivered in mid-2021.
“This exchange-driven...
Marcus & Millichap brokers the sale of a three-property portfolio in the heart of...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 99-unit, contiguous three-property portfolio situated in the heart of Ocala, Florida,...
