$58.5 million for 57 Ocean: construction loan secured
Miami Beach’s 57 Ocean, an ultra-luxury seaside condominium on the iconic Millionaire’s Row, announced that it has obtained a $58.5 million construction loan from Bank OZK, arranged by JLL Capital Markets. The financing will...
WPC breaks ground for 403-unit opportunity zone apartment tower with Silver Spring, MD’s first...
Washington Property Company has broken ground for Solaire 8200 Dixon, a 403-unit, 26-story apartment tower in the Ripley District of downtown Silver Spring, MD. Clark Construction Company is on track to deliver the first apartments...
Franco promoted to regional vice president
S. L. Nusbaum Realty Co. is pleased to announce that Debbie Franco has been promoted to Regional Vice President.
Debbie began her career with the firm as a leasing agent at Abbey and Devon Apartments...
Marcus & Millichap arranges the sale of a 14-space manufactured home community
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Florida MHP LLC, a 14-space manufactured homes community located in Gibsonton,...
Magma Equities closes on a $50 million purchase of Durham, NC apartment community in...
Magma Equities has acquired Independence Park Apartments, a 312-unit garden-style community in Durham, NC for $50 million. Independence Park is Magma’s fifth apartment investment in the Tar Heel State in the past 14 months.
Magma...
DHCFA finances affordable housing in Wards 2 and 4
The District of Columbia Housing Finance Agency is partnering with SOME (So Other Might Eat) by financing affordable housing in Wards 2 and 4. On April 24th, DCHFA issued $17.3 million in tax exempt bonds...
Marcus & Millichap arranges the sale of a 29-unit apartment building
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Oak Gate, a 29-unit apartment property located in Gainesville, Fla., according...
Marcus & Millichap arranges the sale of a 32-unit apartment building
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Columbia House, a 32-unit apartment property located in Tallahassee, Fla.,...
JLL closes $65.9 million sale of Durham, North Carolina apartments
JLL Capital Markets announced it has closed the $65.9 million sale of Lodge at Croasdaile Farm, a 320-unit, garden-style and townhome apartment community in the North Durham submarket of Durham, North Carolina.
JLL marketed the...
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...
Rent Payment Tracker finds rent payment rate at 95 percent of prior month
The National Multifamily Housing Council (NMHC) found that 89 percent of apartment households made a full or partial rent payment by April 19 in its survey of 11.5 million units of professionally managed apartment units across the country,...
HUD funds COVID-19 related fair housing activities
The U.S. Department of Housing and Urban Development (HUD) announced it is awarding $1.5 million in Partnership and Special Enforcement Effort funds to HUD Fair Housing Assistance Program (FHAP) agencies to support COVID-19 education...
Marcus & Millichap arranges the sale of an 11-unit apartment building
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Hayden Villas, an 11-unit apartment property located in Tallahassee, Florida,...
Franklin Street brokers $4.5 million sale of Fairway Gardens in Margate, Florida
Franklin Street has brokered the sale of Fairway Gardens, a 28-unit multifamily property located on a golf course in the city of Margate, Florida.
Franklin Street’s Fort Lauderdale multifamily investment sales team, Travis Jones, Dan...
Franklin Street brokers $18.1 million sale of Aventura Apartments in Orlando Florida
Franklin Street has brokered the sale of Aventura Apartments, a 144-unit apartment community located in the city of Orlando, Florida.
Franklin Street’s Tampa multifamily investment sales team, Darron Kattan, Zach Ames, Kevin Kelleher and Avery...
