Berkadia arranges $165 million construction loan takeout refinancing for South Florida’s multifamily development of...
Berkadia announces it has arranged a $165 million loan to refinance the construction loan for The Dorsey, a recently completed, mixed-use development located in Miami’s Wynwood neighborhood. The 306-unit property was co-developed by Related...
Improving fundamentals for senior housing in Q1
An NIC Map Vision summary report shows that the fundamental metrics for the senior housing industry are strengthening. However, they remain below pre-pandemic levels. Segmenting the market The senior housing market is highly fragmented, with NIC...
ABI Multifamily brokers 20-unit South Phoenix apartment community for $2.9 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2.9 million / $145,000 per uUnit / $233.49 per square foot sale of 1011 Apartments,...
The Mogharebi Group brokers sale of 30-unit apartment community in Los Angeles
Despite current market conditions, deals have still been transacting—especially on small- to mid-cap multifamily assets in Los Angeles. The $7.15 million sale of 30-unit Gramercy Townhouse in the booming Koreatown neighborhood is yet another...
WinnCompanies secures funding for $137 million rehab of the historic Pines of Perinton affordable...
WinnCompanies, an award-winning national developer and manager of affordable, mixed-income and market rate apartment communities, today announced it has secured the funding for a comprehensive, $137 million rehabilitation of the Pines of Perinton in...
2023 NMHC 50 highlights a tumultuous year for multifamily with market improvements expected
Pandemic-related household growth and economic impacts resulted in a complicated 2022 for the multifamily industry. An extremely tight market in the first quarter of 2022 yielded to slower rent growth and higher vacancy rates...
Construction employment falls in March
The Employment Situation Report from the Bureau of Labor Statistics stated that apartment operations employment rose while residential construction employment fell in the latest month. Overall job growth continues, but more slowly The Bureau of Labor...
Multifamily property prices and transactions down again
CoStar reported that its value-weighted index of multifamily property prices fell 7.0 percent year-over-year in February 2023. This index was down 1.4 percent month-over-month, the eighth monthly decline in a row. The value-weighted index of...
Biden’s veto of Congressional WOTUS resolution a blow to housing affordability
Alicia Huey, chairman of the National Association of Home Builders (NAHB) and a custom home builder and developer from Birmingham, Ala., today issued the following statement after President Biden vetoed a congressional resolution that...
The Mogharebi Group achieves more than $300,000 per door on Fresno, California multifamily community...
The Mogharebi Group (TMG) has arranged the $14.75 million sale of Birch Commons, a 49-unit multifamily property in Fresno, California. Located on 4.77 acres at 1850 E. Birch Avenue, Birch Commons is a townhome-style apartment...
Berkadia arranges $37 million refinance of apartment community in Huntsville, Alabama
Berkadia announces it has arranged a $37 million loan to refinance Ascent at Jones Valley, a 431-unit apartment and townhome community in Huntsville, Alabama. Senior Managing Director Charles Foschini, Managing Director Christopher Apone and...
Class A apartment community in Lakewood secures fixed-rate permanent financing
JLL Capital Markets announced that it has arranged fixed-rate refinancing for Traverse Apartments, a newly constructed, Class A, 281-unit, luxury apartment community located within the Denver metro in Lakewood, Colorado. JLL worked on behalf of...
JLL arranges sale of 190-unit build-to-rent development site in Tampa MSA
JLL Capital Markets announced that it closed on the sale of GroveParc Townhomes, a 48.08-acre, build-to-rent development site located in Wesley Chapel, Florida (Tampa MSA). With site work complete, the development is approved for...
Rent growth in spring thaw
Yardi Matrix reported that national average apartment rent increased $3 in March to $1,702 per month. This follows two months where Yardi Matrix had reported no rent growth. Year-over-year rent growth slide continues The national average...
Marcus & Millichap arrange the sale of a West Palm Beach boutique apartment community...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Flamingo Park Apartments, a 16-unit boutique apartment community located in West...
