Stepp Commercial completes $7.68 million sale of The Flynn, a 37-unit apartment property, in...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $7.68 million sale of The Flynn, a 37-unit apartment property located at 170 S. Mountain View Avenue in Los...
Multifamily construction sentiment declines in fourth quarter
Confidence in the market for new multifamily housing declined in the fourth quarter of 2020, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two...
RPH Multifamily Group of Marcus & Millichap arranges the sale of a 44-unit apartment...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Hudson Place Apartments, a 44-unit apartment property located in Clearwater, Florida,...
Acquisition financing secured for The Bradley in Miami
JLL Capital Markets announced it arranged acquisition financing for The Bradley, a newly developed, 175-unit luxury apartment community with 31,235-square-feet of ground-floor retail, located in the burgeoning Wynwood district of Miami, Florida. JLL worked on...
Student housing struggles
Yardi Matrix has released the first in a planned series of quarterly reports covering the purpose-built student housing market. The report describes an industry finding its footing after COVID. Defining the focus Just as the Yardi...
Power Hitters with Andrew Chaban
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Andrew Chaban, CEO of Princeton Properties.
HUD awards $2.7 billion to improve, preserve nation’s public housing
The U.S. Department of Housing and Urban Development awarded more than $2.7 billion in funding to nearly 2,900 public housing authorities (PHAs) in all 50 states, as well as the District of Columbia, Guam,...
NMHC, NAA release apartment industry’s 2021 policy priorities
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released the apartment industry’s 2021 policy priorities. On behalf of the apartment industry and our residents, NMHC and NAA are focusing on issues that...
Fannie Mae forecasts higher near-term growth
Fannie Mae issued its February forecasts for the economy and for housing. They predict slightly higher growth in 2021 but slightly lower growth in 2022. GDP growth shifts Compared to the last time we checked in...
Interra Realty Promotes Max Grossman to Director
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it has promoted Max Grossman from associate broker to director. Grossman has brokered or assisted with more than $125 million in middle-market multifamily...
Multifamily expert, Bret Zinn joins Kidder Mathews’ Phoenix, Ariz. office
Bret Zinn has joined Kidder Mathews’ Phoenix office as a vice president, where he will partner with Karl Abert, expanding the firm’s multifamily investment services in Arizona. Zinn has been in the commercial real estate...
Treviso Grand, the newest multihousing community in Venice, Florida, sold
JLL Capital Markets announced that it has closed on the sale of Treviso Grand, a Class A, 272-unit, garden-style apartment community located in the Venice submarket of Sarasota, Florida. JLL worked on behalf of the...
Next Wave expands Las Vegas footprint with acquisition of 216-unit multifamily community
Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, has acquired Spanish Oaks, a 216-unit garden style multifamily community in Las Vegas, Nevada for $28.075 million. Through existing broker...
Luxury multifamily property sale completed by Institutional Property Advisors in Greater Salt Lake City
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Axio 8400, a 332-unit multifamily asset located 13 miles from Downtown Salt Lake City in Sandy, Utah. “The Greater Salt Lake...
North Texas apartment asset sale closed by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Coventry Apartments, a 240-unit apartment property in the Dallas-Fort Worth suburb of Denton, Texas. “Denton has seen extraordinary growth in...
