Thursday, March 28, 2024

News

420 Carroll St

JLL arranged the $176 million construction financing for new mixed-use Gowanus development

JLL Capital Markets announced that it has arranged $176 million in construction financing for 420 Carroll St., a ground-up development of a 360-unit, Class A multihousing property in the rezoned Gowanus neighborhood of Brooklyn. The...
Vantage Lofts

$60.25 million sale of multihousing community near Las Vegas closes

JLL Capital Markets announced that it has closed the $60.25 million sale of Vantage Lofts with a price per unit closing of $547,727. The property is a 110-unit, luxury multihousing community located within the...
Domain at Morgan’s Landing

DLP Capital spearheads acquisition of 350-unit Houston multifamily

DLP Capital, a private real estate investment and financial services firm, announced its acquisition of Domain at Morgan’s Landing, a 350-unit multifamily complex in the Houston suburb of La Porte. The acquisition was made...
5150 JB Drive Apartments

Denholtz Properties continues growth of multifamily portfolio with acquisition of 384-unit residential community near...

Denholtz Properties, a leading real estate development and investment company, announces the acquisition of 5150 JB Drive Apartments, a 384-unit, Class-A multifamily community located at 5150 Jack Byrnes Drive in Murfreesboro, Tenn. 5150 JB Drive...
Sonoma Pointe

ZMR Capital acquires fourth Orlando multifamily community of 2022

ZMR Capital has acquired Sonoma Pointe, a 216-unit garden-style multifamily community in the Kissimmee submarket of Orlando, Florida, in an all-cash deal. The Tampa-based real estate investment company increases its Orlando apartment portfolio to...
apartment construction

Multifamily housing construction is the bright spot in housing

The Census Bureau’s new residential construction report for July showed multifamily housing construction permits and completions were both strong but that starts fell for the month. In single-family housing construction, permits and starts were both...
Bevy Apartments

Sale of multihousing community in North Milwaukee suburb closes

JLL Capital Markets announced that it has closed the sale of Bevy Apartments, a brand-new, 175-home apartment and townhome community in the fast-growing North Milwaukee suburb of Brown Deer. JLL worked on behalf of the...
Enclave at St. Lucie West

Berkadia arranges refinance of townhome complex in Port St. Lucie, Florida

Berkadia announces it has arranged the $17.87 million recapitalization of The Enclave at St. Lucie West, a 91-unit townhome complex in Port St. Lucie, Fla. Senior Managing Director Mitch Sinberg, Managing Director Matt Robbins...
Hackensack Gardens

$31.5 million financing secured for New Jersey multihousing community

JLL Capital Markets announced that it has arranged $31.5 million in financing for the acquisition and renovation of Hackensack Gardens, a 198-unit, garden-style, multihousing community located in Hackensack, Bergen County, New Jersey. JLL represented the...

Housing starts weaken in July as market slowdown continues

A sharp decline in single-family home construction is another indicator that the housing slowdown is showing no signs of abating, as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act...
inflation impacts renters

Rising prices impact renters

Freddie Mac recently conducted a 20 question survey of 2000 adult American consumers to assess how the current era of rapidly rising prices is affecting them. Many of the questions dealt with housing, and...
Eleanor

Institutional Property Advisors brokers sale of luxury multifamily asset in Silicon Valley for $193...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Eleanor, a newly constructed, 333-unit Class A multifamily asset, including over 10,500 square feet of retail space. The property is...
Flagstaff Elkwood

$49.45 million loan secured for 224-unit Flagstaff multihousing development

JLL Capital Markets announced that it has arranged $49.45 million in construction financing for the development of Flagstaff Elkwood, a to-be-built, 224-unit multihousing community, along with 6,000 square feet of retail space, in Flagstaff,...
Oaks St Clair

$302 million capitalized for refinancing of a six-property multihousing portfolio

JLL Capital Markets announced that it secured $262 million in debt and $40 million in equity for the refinancing of a six-property, 1,494-unit, garden-style multihousing portfolio scattered across Maryland, Virginia and Alabama. JLL represented the borrower,...

Builder confidence underwater after falling for eighth consecutive month

Builder confidence fell for the eighth straight month in August as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges. In another sign that a declining...
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