Tuesday, January 28, 2020

News

Village View

Housing Trust Group breaks ground on new affordable senior apartments in Fort Lauderdale’s Flagler...

Housing Trust Group (HTG), one of the nation’s largest developers of affordable housing, has closed on financing and will be breaking ground at the end of January on its newest affordable housing development in Florida:...

Marcus & Millichap arranges the sale of Bentley Pines Apartments, a 112-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 Bentley Pines Apartments, a 112-unit apartment property located in Lakeland,...
Green Leaf Arrowhead Ranch

Institutional Property Advisors sells Northwest Valley of the Sun Multifamily Asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Green Leaf Arrowhead Ranch, a 256-unit multifamily asset in Glendale, Arizona. “Located in the Northwest Valley’s most coveted master-planned community,...
Carson speaking at IBS 2020

HUD Secretary Ben Carson makes two major announcements at the National Association of Home...

When speaking at the 2020 National Association of Home Builders International Builders’ Show, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced the National Association of Home Builders (NAHB) will co-host...
Ravenswood Senior Living

Evergreen Real Estate Group and Chicago Housing Authority break ground on pioneering affordable senior...

Evergreen Real Estate Group announced the start of construction on Ravenswood Senior Living, a 193-unit affordable rental community at 4515 N. Winchester Ave. in Chicago’s Ravenswood neighborhood. Evergreen representatives joined 47th Ward Ald. Matt Martin and...
Village at Willow Lakes

Cushman & Wakefield arranges $5.97 million sale for DLP Real Estate Capital

Cushman & Wakefield has arranged the $5.97 million sale of Village at Willow Lakes, a 95-unit apartment community located in Spartanburg, South Carolina. Jordan McCarley, Watson Bryant and Tai Cohen of Cushman & Wakefield...

Sonesta on University Apartments sell for $43.6 million

CBRE has arranged the sale of the 212-unit multifamily community Sonesta on University on behalf of Knightvest Residential to Western Wealth Capital (WWC) and its investor partners for $43.6 million. CBRE’s Tyler Anderson, Sean Cunningham,...
Parc Midtown

Midtown Phoenix multifamily asset sold by Institutional Property Advisors for $78.5 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parc Midtown, a 306-unit apartment complex in Phoenix, Arizona. The $78.5 million sales price equates to $256,536 per unit. “Influenced by...
Fountains of the Bayou

Newly launched value-add multifamily investment firm, Newport Real Estate Partners, LLC, completes first property...

Co-Founders and Principals Matt Wilson and Jack Franco of Newport Real Estate Partners, LLC, a newly launched real estate firm based in Houston that is focused on the acquisition and repositioning of value-add multifamily...
Beach House Naples

JLL closes sale of Florida seniors housing community

JLL Capital Markets announced that it has closed the sale of Beach House Naples, a 113-unit/130-bed assisted living and memory care community in Naples, Florida. JLL marketed the portfolio exclusively on behalf of the seller,...
Princeton Parc

Cushman & Wakefield arranges $35 million sale of Princeton Parc Apartments for Panther Residential...

Cushman & Wakefield, as the exclusive advisor, has negotiated the sale of Princeton Parc, a 200-unit, value-add garden-style multifamily community in Melbourne for $35 million, or $175,000 per unit. Executive Director Jay Ballard, Executive Director...
The Hill

Cushman & Wakefield closes sale on behalf of North American Properties and an Affiliate...

Cushman & Wakefield has arranged the sale of The Hill, a 287-unit apartment community located at 1160 Johnson Ferry Road NE in Atlanta, Georgia. Robert Stickel, Chris Spain and Alex Brown of Cushman &...
Eitel Apartments

JLL completes sale of Minneapolis apartments

JLL Capital Markets announced that it has closed the sale of Eitel Apartments, a 212-home, mid-rise apartment property overlooking Loring Park in downtown Minneapolis, Minnesota. JLL marketed the property exclusively on behalf of a confidential...
Oasis at Sarasota

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...

High performance building practices prevalent in the residential home building market

Home builders across the country are prioritizing high-performance building practices in their projects, regardless if they consider the home they are building to be green, according to new research published in the 2020 Green Single Family and...
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