Cushman & Wakefield arranges sale of The Lexington, one of Sarasota’s most competitive Class...
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Lexington Apartment Homes, a 267-unit apartment community located at 3510 Cheshire Square in Sarasota, Florida. Cushman & Wakefield’s...
BLS releases 10-year employment growth projections
The Bureau of Labor Statistics (BLS) recently released its projections for employment growth in the period from 2021 to 2031. The projections encompass growth in the labor force as-a-whole as well as in many...
Institutional Property Advisors closes $93.5 million multifamily asset sale in Greater Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana 99th, a 286-unit attainable housing asset in Glendale, Arizona. The $93.5 million sale price represents $326,923 per unit. “The abundant...
Berkadia arranges sale of Class A multifamily high-rise in Central Houston, Texas
Berkadia Institutional Solutions announces it has arranged the sale of Chelsea Museum District, a 325-unit trophy-quality multifamily high-rise in Central Houston, Texas. Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Jeff Skipworth,...
JLL Capital Markets affordable housing production team welcomes Danté Thomas
JLL Capital Markets announced that it has welcomed Managing Director Danté Thomas to its affordable housing production team. Thomas is based in the Philadelphia office and reports to Senior Managing Director Angela Kelcher, who is leading the...
Annual rent growth rate falls as rents decline
Yardi Matrix reported that the national average year=over-year apartment rent growth in August was $10, bringing the average rent to $1,718 per month. However, rents fell in August from the revised level of the...
Institutional Property Advisors closes North Dallas multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Presidio, a 202-unit multifamily asset in Allen, Texas, a high-growth northern Dallas suburb. “Situated just off Interstate 75 and equidistant from...
Monument Capital Management (MCM) sells Park West Apartments in Greenville, SC for $39 million
Monument Capital Management (MCM), an A-Rod Corp company and one of the country’s premier fully integrated real estate investment firms, announced the sale of Park West Apartments in Greenville, SC. The sale price was...
Marcus & Millichap negotiates metroplex multifamily sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Pleasant Creek, a 159-unit apartment complex in Lancaster, Texas. “Dallas-Fort Worth has...
Universe Holdings acquires $53.370 million multifamily property in California’s Inland Empire
Universe Holdings has acquired the Stonegate Apartments (Stonegate), a 160-unit multifamily community in Southern California’s Inland Empire city of Riverside, in an off-market transaction worth $53.370 million. Built in 1987, Stonegate offers a mix of...
RADCO acquires Gibson Reynoldstown Apartments in Atlanta, property rebranded as Gibson by Radius
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate investors and owner-operators, has acquired Gibson Reynoldstown Apartments, a newly constructed 205-unit mid-rise multifamily property in the Reynoldstown neighborhood of Atlanta, a...
Capital Square acquires two-property multifamily portfolio in Asheville, North Carolina for DST Offering
Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and a developer of mixed-use multifamily communities, today announced the acquisition of Asheville NC Apartment Portfolio, a two-property multifamily portfolio comprised...
NAHB Power Hitters with Bob Landis
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Bob Landis, senior vice president of syndication for CAHEC. Transcript: NAHB Power Hitters interview. Linda Hoffman with Bob Landis, recorded August 18, 2022 (music) Linda...
Standard Communities leads public-private partnership acquiring 148 unit mixed income community in Chicago
Standard Communities, a major national affordable housing developer and investor, led a public-private partnership that acquired Lake Park Crescent Apartments, a 148-unit mixed income community in Chicago. The total capitalization of the transaction is approximately...
NMHC names Sharon Wilson Géno president
The National Multifamily Housing Council (NMHC) named Sharon Wilson Géno, a 30-year veteran of the housing industry, as the organization’s President-Elect effective October 11. Wilson Géno will assume the role of President from Doug...
