DCHFA funds the rehabilitation of 358 apartments in Washington Highlands
On June 18, the District of Columbia Housing Finance Agency (DCHFA) issued $41.7 million in tax exempt bonds and underwrote $25.3 million in four percent low income housing tax credit (LIHTC) equity for the...
Levin Johnston completes sale of multifamily portfolio in Santa Clara, California for $24.7 million
Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has completed the sale of a 59-unit multifamily portfolio...
JLL arranges $28 million financing for suburban Minneapolis apartments
JLL Capital Markets announced that it has arranged $28 million in financing for The Cliffs at Minnetonka, a 456-unit garden-style apartment community in Minnetonka near Minneapolis, Minnesota. JLL worked on behalf of the borrower, The...
Block Real Estate secures $21 million equity for apartment development
JLL Capital Markets announced that it has arranged $21 million in joint venture equity for the development of The Residences at Galleria, a 322-unit, Class A, podium multihousing community in the suburban Kansas City...
Interra Realty facilitates $2.3 million multifamily sale in Chicago’s South Shore Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $2.3 million sale of 6811 S. Paxton Ave., a 29-unit mid-rise apartment building in Chicago’s South Shore neighborhood. The price...
Gebroe-Hammer Associates records $25.35 million sale of 99 multifamily units at Hamilton House in...
Gebroe-Hammer Associates has finalized yet another pandemic-era multifamily transaction with the $25.35M sale of Hamilton House in Weehawken, a 99-unit prominent fixture within the township’s highly desirable Town Center/Downtown District. The brokerage team of...
14-unit multifamily building trades for record price per SF during safer-at-home order
Transwestern Real Estate Services (TRS) announces it has brokered the sale of 453 S. Gramercy Place, a newly renovated, 14-unit multifamily building in the Koreatown submarket of Los Angeles. Managing Directors Josh Kaplan and...
Interra Realty brokers $2.27 million multifamily sale in Chicago’s Woodlawn neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $2.27 million sale of 6126-28 S. Woodlawn Ave., a 35-unit apartment building near the University of Chicago Law School in...
MassHousing closes on $25.2 million in financing for new, mixed-income and workforce housing community...
MassHousing has closed on a total of $25.2 million in affordable housing financing to WinnCompanies for the development of 125 new rental homes in downtown Lowell. The MassHousing financing will allow WinnCompanies to advance the redevelopment of Lowell’s Hamilton Canal Innovation District, while creating new housing for households...
Stepp Commercial completes $12.8 million acquisition of a 173-unit apartment property in Phoenix
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed $12.8 million acquisition of Ocotillo Apartments, a 173-unit apartment community located at 1780 West Missouri Avenue in Phoenix, Ariz. A...
West Central Phoenix multifamily asset sale brokered by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the $20.7 million sale of Desert Willow, a 280-unit multifamily property in Phoenix, Arizona. Pete...
JLL arranges $22.9 million construction loan for Phoenix development
JLL Capital Markets announced that it has arranged construction financing and joint venture equity for the development of Cabana on 99th, a 286-unit, garden-style multihousing project in Phoenix’s Glendale submarket. JLL worked on behalf of...
JLL completes sale of Modera Davis in Portland
JLL Capital Markets announced that it has completed the sale of Modera Davis, a 204-unit, luxury high-end residential community located in Portland, Oregon’s Pearl District. JLL marketed the property exclusively on behalf of the seller,...
JLL arranges $185.63 million financing for Phoenix-area multihousing properties
JLL Capital Markets announced that it has arranged a refinancing totaling $185.63 million for a 1,439-unit portfolio of five multihousing properties in and around Phoenix, Arizona. JLL worked on behalf of the borrower, a partnership...
JLL arranges $48.75 million loan for New Jersey apartment development
JLL Capital Markets announced that it has arranged $48.75 million in financing for the development of Print House by Vermella, a 271-unit, best-in-class apartment building in Hackensack, Bergen County, New Jersey. JLL worked on behalf...