Joint Venture Acquires 158-Unit Multifamily Community Vista Imperio in Riverside
Western National Group (WNG) announces the acquisition of Vista Imperio, a 158-unit garden-style multifamily community built in 2005 located in Riverside, California.
Vista Imperio was acquired in a joint venture partnership with Sagard Real Estate,...
RMK Management Corp. Named Property Manager for 3 Chicago-Area TLP-Fides Luxury Rental Communities
RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has been named property manager for three multifamily rental properties in Chicago’s northern suburbs owned by Libertyville, Illinois-based TLP-Fides.
“Having TLP-Fides put its...
Rent growth follows seasonal pattern
Yardi Matrix reported that the national average asking apartment rent was down $5 in November compared to the revised level of the month before at $1,744 per month. The national average year-over-year asking apartment rent...
West Shore Acquires River Lofts at Tobacco Row in Richmond Virginia
West Shore, a fully integrated real estate investment firm with a specific focus on the acquisition and operation of multifamily assets, this week announced its acquisition of The River Lofts at Tobacco Row in...
Lion Real Estate Group Expands Charlotte Portfolio with the 208-Unit Value-Add Acquisition of Multifamily...
Lion Real Estate Group, LLC ("LREG"), a Dallas-headquartered real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, acquired a two-property, 208-unit apartment portfolio in Charlotte, North Carolina that...
Construction materials prices up again in November
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.3 percent month-over-month in November on a seasonally adjusted basis. In addition, the change in...
Wood Partners Announces Grand Opening of Two New Multifamily Developments within the Phoenix MSA,...
Wood Partners opened two new properties, Alta Avondale in Avondale and Alta Rise in Chandler. Both properties reside within the Phoenix, Arizona MSA. These multifamily developments will bring more than 630 units to the...
Priority Capital Advisory Arranges $18M in Construction Financing for ED1 Affordable Housing Project at...
Priority Capital Advisory, a Los Angeles-based premier boutique debt and equity capital advisor for middle market and institutional developers, owners, and investors, has secured $18 million in senior debt financing for the construction of...
Thompson Thrift Sells 276-Unit Class A Multifamily Community Taylor Farms Near Charlotte
Thompson Thrift, a full-service nationally recognized real estate company, announced the sale of Taylor Farms, a 276-unit, Class A multifamily community 20 minutes from Uptown Charlotte.
The Northmarq team led by John Currin, Andrea Howard,...
Capital Square Tops Out Fifth Opportunity Zone Development Chasen in Richmond’s Scott’s Addition Neighborhood
Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the topping out of Chasen, a 352-unit, multifamily community development in...
Barker Pacific Group Acquires 124-Unit Chesapeake Apartments in Northwest Austin
Barker Pacific Group (BPG) announced the acquisition of Chesapeake Apartments, a 124-unit multifamily community in Austin Texas. The seller was undisclosed.
Located at 12300 Hymeadow Drive in the Anderson Mill area of Northwest Austin, the...
JLL Arranges Acquisition Loan for Class A Multifamily Property Xander on State in Columbus
JLL Capital Markets announced that it has secured a $30.5 million acquisition loan for Xander on State, a 229-unit multifamily community in Columbus, Ohio.
Xander on State, situated at 265 East State Street in downtown...
Interra Realty Brokers $3.4M Sale of Apartment Building on Southport Avenue in Chicago’s Lincoln...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $3.43 million sale of an eight-unit rental property at 2501 N. Southport Avenue in Chicago’s Lincoln Park neighborhood. The transaction...
Woodfield Development Rockets Forward on Florida’s Space Coast with Two New Projects in Palm...
Woodfield Development, recognized as one of the nation's top 20 developers of Class A multifamily communities, continues expanding its Florida footprint with two new developments along the state’s rocketing Space Coast in Palm Bay...
Multifamily starts reported sharply lower
The Census Bureau’s new residential construction report stated that multifamily permits jumped higher in November but both starts and completions were sharply lower month-over-month.
Multifamily permits rebound
The number of permits issued for buildings with...
