Builder confidence falls again as interest rates remain high
Mortgage rates that continue to hover in the 7% range along with elevated construction financing costs continue to put a damper on builder confidence.
Builder confidence in the market for newly built single-family homes...
Alliance Residential Company Opens Prose Horizons Village in Winter Garden Florida
Alliance Residential Company, one of the largest multifamily developers in the nation, has opened the doors to its new 300-unit apartment community, Prose Horizons Village. Located at 16810 Easthampstead Road in Winter Garden, the...
Alliance Residential Company Opens Prose Cypress Pointe in Winter Haven Florida
Alliance Residential Company, one of the largest multifamily developers in the nation, has opened Prose Cypress Pointe, its fourth Prose community in Central Florida.
“The City of Winter Haven has seen tremendous growth over the...
Ravello Holdings and WNC & Associates to Construct Maison’s Sierra Affordable Housing in Lancaster...
Ravello Holdings, one of California’s leading developers and builders of quality single and multi-unit homes, and WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing...
New Shorehaven Mixed-Use Development Launches at South Pier on Southern Shore of Tempe Town...
Cushman & Wakefield announce that construction has launched on Lot 6, known as Shorehaven, the first phase of the $1.8 billion mixed-use South Pier master planned development on the southern shore of Tempe Town...
Subtext Breaks Ground on “VERVE Knoxville” Student Housing Development Near University of Tennessee
Subtext, a national student and multifamily real estate company, and Brinkmann Constructors, a national general contractor, hosted an official groundbreaking ceremony on June 17, 2024 for VERVE Knoxville, a 14-story student housing community adjacent...
Landmark Properties Acquires 67-Acre Site in Columbia for the University of South Carolina
Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, has partnered with Peninsula U.S. to acquire a 67-acre site in Columbia, South Carolina and...
Cityview Acquires Bay Area Mixed-Use Multifamily Project Tralee Village Apartments
Cityview, a premier multifamily investment management and development firm, has acquired Tralee Village Apartments in Dublin – California’s fastest growing city.
“Tralee Village was a prime opportunity to acquire a well-located, high-quality asset in a...
Growth in multifamily mortgages outstanding rises in Q1
The Mortgage Bankers Association (MBA) reported that growth in multifamily mortgage debt outstanding in Q1 2024 was up significantly from the revised level reported for Q4 2023. However, the growth in debt outstanding in...
Multifamily property investment environment improves in Q1
Freddie Mac recently released its Apartment Market Investment Index (AIMI) for Q1 2024. The national index was up 8.8 percent in the quarter, indicating improving conditions for multifamily property investment. The improvement was largely due...
Freddie Mac Multifamily to Offer Social Bonds Issuance Supporting Housing for Individuals with Intellectual...
Freddie Mac (OTCQB: FMCC) Multifamily announced that it will soon go to market with the issuance of $186 million in Social Bonds supporting 641 rental homes for individuals with intellectual and developmental disabilities across...
Peabody Properties Continues Expansion of Portfolio with Four Apartment Complexes Developed by Capstone Communities,...
Peabody Properties, an affiliate of the Peabody Companies, a group of award-winning property management and real estate firms now celebrating its 48th anniversary, is excited to announce the addition of four apartment complexes developed...
Marcus & Millichap Announces Sale of 76-Unit Apartment Community Lakeside Village in Wylie Texas
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Lakeside Village, a 65,200-square-foot, 76-unit apartment community in Wylie, Texas.
“Lakeside Village...
Calmwater Capital Funds $34M Loan to Refinance Newly Built Apartment Community Oxford Vista in...
Calmwater Capital has provided The Prime Company (“TPC”) with $34 million in first mortgage debt to refinance Oxford Vista, a recently built, 146-unit Class A multifamily property in the Denver suburb of Englewood, Colorado.
The...
CBRE Arranges Sale of 25-Unit Multifamily Property Hillsborough Apartments for $8.62M in North San...
CBRE announced the sale of a 25-unit multifamily property known as Hillsborough Apartments in Oceanside, California, to a private investor for $8.62 million. The selling price represents $344,800 per unit and $447 per square...
