New study: Apartment renters value smart home tech above traditional amenities
A new study out by property management company Entrata shows the vast majority of the country’s renters value new and evolving smart home amenities over traditional benefits offered to apartment dwellers. The survey found that most important...
Chicago Multifamily Leasing Company Luxury Living Announces Leadership Succession
Luxury Living — a vertically integrated multifamily leasing company based in downtown Chicago — announces Co-Founder Amy Galvin will step into the CEO role. Formerly the company’s Chief Culture Officer, Amy will replace Founder...
Interactive website live at The Place by Intracorp
The Place—new homes in Westside Costa Mesa by Intracorp—has launched their interactive website where home shoppers can experience the multi-level floorplans with just a click of the mouse. Zoom, flip, and print the floorplans side-by-side...
Institutional Property Advisors brokers $63 million newly constructed luxury apartment complex sale in Windsor...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Preserve at Great Pond, a newly constructed, 230-unit luxury apartment complex in Windsor, Connecticut. The property sold for $63 million.
“The...
TDIndustries hires Tara Garcia to lead multifamily operations
Tara Garcia, a 20-year leader in the multifamily construction market, is joining TDIndustries as its Vice President of Multifamily. She will oversee TD’s operations in North Texas and Denver.
Garcia’s background includes leadership in sales,...
Range of floor coverings expands
For years there seemed little variation in what home owners installed atop their subfloors—carpet went into bedrooms and on stairways, hardwood flooring was for hallways, living room, dining and family rooms, and tile was...
Single-family rentals and the housing crunch
In the last two years, the single-family housing market has been hot, with high sales volumes, rising prices and low available inventory. Institutional investors buying up properties for conversion to single-family rentals (SFR) has...
HFF arranges $20.5M financing for mixed-use development in Point Loma, California
HFF announces it has arranged $20.5 million in financing for The Californian, a luxury residential and retail mixed-use development in the coastal San Diego submarket of Point Loma, California.
HFF worked on behalf of Murfey...
Latest Rent Payment Tracker finds payments slightly behind last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.9 percent of apartment households made a full or partial rent payment by August 13 in its survey of 11.4 million units of professionally...
Capital Square 1031 takes DST offering full-cycle in record time, resulting in over 141...
Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust offerings, announced today the sale of Bridgeview Apartments, a 348-unit multifamily community in Tampa, Florida. The property was...
The Mogharebi Group closes on 142-unit multifamily community in Sacramento, California
The Mogharebi Group (TMG) has arranged the $15.75 million sale of Continental Terrace in South Sacramento, California. Senior Vice President Robin Kane and Vice President Brendan Kane represented the seller in the transaction, who...
Multifamily employment reported to rise in December
The Employment Situation Report from the Bureau of Labor Statistics stated that December employment levels in 3 of the 4 multifamily-related job categories we track rose from the revised levels of the previous month.
Overall...
Marcus & Millichap announces the sale of Sabal Court Apartments in Tallahassee
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Sabal Court Apartments, located in Tallahassee.
Completed in 1967, this Property is...
Davlyn Investments acquires North Las Vegas apartment community
Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $77,000,000 purchase of Sonata, a 312-unit, Class A, multifamily community in North Las Vegas, Nevada that was constructed in 2009. This...
Marcus & Millichap brokers $10.3 million deconversion sale of 25-unit multifamily building in Chicago’s...
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced it brokered the $10.3 million deconversion sale of 227 East Walton Place, a...
