News

Walden Landing

The Babb Group of Marcus & Millichap arranges the sale of Walden Landing ...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Walden Landing, a 44-unit apartment property located in Plant City, Fla.,...
Fort Hill Gardens

MassHousing closes on $25.25 million in financing to extend affordability on 82 housing units...

MassHousing has closed on $25.25 million in affordable housing financing to an affiliate of  Vitus, for the preservation and rehabilitation of 82 affordable housing units in Roxbury. Vitus will utilize the MassHousing financing to combine a pair of Roxbury affordable housing communities, the Fort Hill Gardens and Esperanza...
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Rate Desk May 27, 2020

 May 27, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. LIHTC perm take-out low loan constant due to low rates but still over-sourced. Rate Desk Notes May 27, 2020 Indices up Crude...
The Lakes Apartments

Levin Johnston completes $26.8 million sale of 102-unit value-add multifamily community in Concord, California

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the sale of The Lakes, a 102-unit...
7526 S. Colfax Ave

Interra Realty brokers $1.48 million off-market sale of multifamily building in Chicago’s South Shore...

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $1.48 million off-market sale of 7526 S. Colfax Ave., a 24-unit courtyard apartment building in Chicago’s South Shore neighborhood. Interra...
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Rate Desk May 26, 2020

 May 26, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Bridge lending ramps up and the new national green building standards. Got Benchmarking? Rate Desk Notes May 26, 2020 Indices up Crude...

Permitting and starts delayed by COVID-19

More than half (53 percent) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the third edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey. Of...
Granite Lena Park, Boston

MassHousing closes $25.6 million in financing for the renovation and extension of affordability at...

MassHousing has closed on $25.6 million in affordable housing financing to the Lena Park Community Development Corporation for the renovation and extension of affordability for lower-income residents at the 143-unit Granite Lena Park in Dorchester.   Granite Lena Park, a 143-unit scattered-site affordable housing development, was last substantially...
Mt. Carmel and Mt. Village

Mt. Carmel and Mt. Village Apartments sell for $2.8 million

Affordable Housing Investment Brokerage Inc. recently sold two Waterloo, Iowa apartment complexes, Mt. Carmel and Mt. Village, for $2,800,000. Managing Director Kyle Shoemaker and Senior Vice President Dan Piatkowski, represented both the purchaser, a...
rent collections

Rent collections higher in week 3

The NMHC rent tracker project has released its third reading on rent collections in the month of May. A total of 90.8 percent of residents had made a payment by May 20, 2020. This...
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Rate Desk May 22, 2020

 May 22, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Bridge loans: setting up for success with your business plan, timeline and COVID-19 mitigation. Rate Desk Notes May 22, 2020 DOW down,...
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Rate Desk May 21, 2020

 May 21, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. GSE vs FHA on perm LIHTC take-out and rate lock underwriting risks. Rate Desk Notes May 21, 2020 NASDAQ within 5% of...

Webinar: Mitigating fraud with Frank Abagnale

The COVID-19 pandemic is exposing gaps in business operations, with cybersecurity on the rise. Just one single data breach can cost as much as $4 million. Largely due to remote work environments that expose security...
Rancho Luna Sol

Decron Properties acquires Rancho Luna Sol in Fremont, California for $71.5 million

Decron Properties has acquired Rancho Luna Sol, a 188-unit multifamily community in Fremont, CA for $71.5 million. With its acquisition of Rancho Luna Sol, Decron increased its regional portfolio to 1,054 units over six properties....
Hawthorne at Lake Norman

JLL completes sale and financing of Hawthorne at Lake Norman

JLL Capital Markets announced that it has completed the sale and financing of Hawthorne at Lake Norman, a 232-unit, Class A multihousing community in Mooresville, North Carolina. JLL represented the seller, Hawthorne Residential Partners, LLC,...
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