Grand opening at V-Esprit, Denver independent living community in May, following multi-million-dollar renovation
Hillcrest Development Group, LLC, a Denver-based development company, and Pathfinder Partners, LLC, a San Diego-based firm specializing in opportunistic and value-add real estate investments, have completed a $1.6 million renovation and rebranding program at...
Alpha Wave Investors completes 10th full-cycle property investment
Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has completed its tenth full-cycle property investment with the sale of Skyline Park...
Marcus & Millichap brokers $11.35 million sale of mixed-use building and development site in...
Marcus & Millichap, today announced the sale of a 53,931-square-foot, mixed-use commercial loft building located at 1040 W. Huron St. in the rapidly developing River West neighborhood of Chicago. This asset sold for $11.35...
Production volume and profits down in 2017 for independent mortgage bankers
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016, the Mortgage Bankers Association (MBA)...
Jonathan Rose Companies named top acquirer of affordable housing in 2017
Jonathan Rose Companies, a leading green real estate investment, development, and project management firm, has been named the #1 acquirer of affordable housing properties in the nation in a recent survey conducted by Affordable...
Yardi acquires coworking technology firm Phoenix Broadband Ltd.
Yardi announced today the acquisition of Phoenix Broadband Ltd., an innovative business technology firm specializing in infrastructure and hardware solutions for shared workspaces. Based in Stirling, Scotland, Phoenix Broadband is known for its Medusabusiness brand....
Parallel Capital Partners sells parcel at Arizona Center for residential high-rise development
San Diego-based Parallel Capital Partners has sold a nearly one-acre parcel within its 16-acre Arizona Center Project – a mixed-use center, located at 3rd and Van Buren Streets in downtown Phoenix – to Florida-based North American Development...
Prism putting finishing touches on Edison Lofts building at Edison Village in Downtown West...
This spring, Prism Capital Partners’ is putting the finishing touches on the Edison Lofts building at Edison Village, its industrial-to-residential redevelopment of the historic Thomas Edison Invention Factory and Commerce Center in West Orange,...
$42.15 million apartment asset trades hands in Tampa
Institutional Property Advisors (IPA), a division of Marcus & Millichap announces the sale of Hanley Place, a 400-unit multifamily community located in Tampa, Florida. The $42.15 million sales price equates to $105,375 per unit. “Hanley...
Levin Johnston directs rare multifamily trade in highly-coveted Palo Alto market
Levin Johnston, one of the top ten multifamily brokerage teams in the U.S., has directed the sale of Villa Sierra Apartments, a multifamily community located in the ultra-exclusive Palo Alto market. Levin Johnston represented both...
Ginnie Mae MBS outstanding increases to $1.942 trillion
Ginnie Mae today announced that issuance of its mortgage back securities (MBS) totaled $30.31 billion in March. A breakdown of March's issuance includes $28.659 billion of Ginnie Mae II MBS and $1.651 billion of Ginnie...
Grubb Properties to join program bringing affordable housing to Chapel Hill
Grubb Properties will dedicate units at Glen Lennox Apartments in Chapel Hill, N.C. to be part of an innovative, community-based coalition bringing more affordable housing to the town. In partnership with the Chapel Hill-Carrboro Chamber...
Interra Realty brokers $1.52 million residential building sale on Chicago’s north side
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $1.52 million sale of 4063 N. Sheridan Road, a vintage condominium building in Chicago’s Buena Park neighborhood. The buyer,...
Spaces Real Estate announces start of pre-leasing at Hazel Place Apartments in Chicago’s Buena...
Chicago-based Spaces Real Estate today announced the start of pre-leasing at Hazel Place, a 15-unit rental community under construction in Chicago’s Buena Park neighborhood. Located at 4337 N. Hazel St. and originally built in...
Mortgage Bankers close record $530 billion in commercial/multifamily originations in 2017
Commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017, according to the Mortgage Bankers Association’s (MBA) 2017 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. “2017 was a very strong...
