News

The Summit on Thomas apartments

100-unit Summit on Thomas Apartments in Phoenix sell for $21 million

The Summit on Thomas apartments in Phoenix have been sold to Cowabunga, LLC for $21 million. Cowabunga is a private capital family office focused on the acquisition of urban infill sustainable communities throughout Phoenix....
Urbana at Hayward

ABI Multifamily brokers 34-unit Northwest Phoenix apartment community for $9.5 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $9,500,000 / $279,412 Per Unit / $376.15 Per SF sale of Urbana at Hayward, a...
Country Gardens Apartments

Institutional Property Advisors closes multifamily asset sale in New York’s Capital District

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Country Gardens Apartments, a 168-unit multifamily asset in Troy, New York. “Owned by the same family since its construction in 1985,...
2225 3rd Avenue North

Parkview Financial provides $22.5 million loan for the redevelopment of former American Red Cross...

Parkview Financial announced it has provided a $22.5 million loan to EPT Holdings, LLC for a mixed-use redevelopment project located at 2225 3rd Avenue North in Birmingham, AL. Built in 1947, the five-story property...
640 Stanley Avenue

Stepp Commercial completes $6.5 million sale of 16-unit apartment property in Rose Park Neighborhood...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.5 million sale of a 16-unit apartment property located at 640 Stanley Avenue in the Rose Park neighborhood of...
The Orchards Apartments

CBRE arranges sale of 156-unit direct entry community in Marlborough, Mass for $59.2 million

CBRE announced that it has arranged the $59.2 million sale of The Orchards Apartments, a 156-unit direct entry garden style apartment community located at 3 Farmhouse Lane in Marlborough, Massachusetts. CBRE Capital Markets’ multihousing experts...
apartment price growth

Multifamily property prices continue their rise

A new report from Real Capital Analytics (RCA) said that multifamily property prices rose 23.3 percent year-over-year in May and that they rose 1.5 percent from the month before. The annual rate of increase...
Terra Village

Trion Properties makes largest acquisition to date with $108.75 million off-market acquisition in highly-desirable...

Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has successfully completed the off-market acquisition of Terra Village, a 402-unit multifamily community in...
Briarcrest Apartments

MC Companies acquires Briarcrest Apartments in Carrollton, Texas

Multifamily investor, developer and manager MC Companies has announced its acquisition of Briarcrest Apartments, a value-add multifamily community located just north of Dallas. Built in 1983, the property’s apartment units have not been renovated...
Henley Place

PCCP, LLC provides a $50.8 million senior loan for the development of a 178-unit...

PCCP, LLC has provided a $50.8 million senior loan to Pahlisch Commercial for the ground-up construction of Henley Place, a 178-unit, six-story multifamily community located on SE Main Street in Milwaukie, Oregon, a suburb...
Residences at Highland Glen

CBRE arranges sale of 102-unit community in Westwood, MA for $35.25 million

CBRE announced that it has arranged the $35.25 million sale of Residences at Highland Glen, a 102-unit age restricted, garden-style apartment community located at 4100 Highland Glen Road in Westwood, Massachusetts. CBRE Capital Markets’ multihousing...
biden housing plan for housing shortage

Biden Administration delivers plan to remedy housing shortage

The Biden administration recently announced its plan to solve the nation’s housing shortage, which includes creating more affordable housing. The 13-page Housing Supply Action Plan promises to increase housing supply across the nation, eradicating...
Veranda at Norton Commons

Cushman & Wakefield, Commercial Kentucky arrange sale of Veranda at Norton Commons

Cushman & Wakefield and its alliance member Commercial Kentucky announced that they have arranged the sale of Veranda at Norton Commons, a 236-unit multifamily property in northeast Louisville. Mike Kemether of Cushman & Wakefield along...
Foothill Ridge

Institutional Property Advisors brokers $82 million Inland Empire multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Foothill Ridge, a 232-unit apartment asset in Upland, California. The $82 million sales price equates to $353,448 per unit. “Foothill Ridge...
Valley and Bloom

$87.1 million financing arranged for New Jersey multihousing community

JLL Capital Markets announced that it has arranged the $87.1 million financing of Valley and Bloom, a two-building, 258-unit, mixed-use multihousing community in Montclair, New Jersey. In addition to the residential units, the property...
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