CBRE arranges $26.7 million sale of 120-unit garden style apartment community in Worcester, Mass....
CBRE announced that it has arranged the $26.7 million sale of ReNew Tatnuck Square, a 120-unit garden style apartment community located at 13 Brookside Avenue in Worcester, Mass. CBRE Capital Markets’ multihousing experts Simon Butler,...
Lynd-Topaz joint venture sells Jacksonville apartment community for $66 million
Lynd Acquisitions Group (LAG), a division of the Lynd Group, and its JV partner Topaz Capital, sold a 444-unit value-add multifamily asset in Jacksonville for $66 million just three years after acquiring it for...
Marcus & Millichap arranges the $32.25 million sale of a two-property multifamily portfolio in...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a two-property multifamily portfolio in Decatur, Georgia. The properties, Austin Estates...
ABI Multifamily brokers 42-unit East Mesa townhome rental community for $20 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $20,000,000 / $476,190 Per Unit / $337.72 per square foot sale of Casa Sole Vita...
Sale of Clemson University student housing portfolio closes
JLL Capital Markets announced that it has closed the sale of the two-property, 382-bed / 146-unit, value-add student housing portfolio at Clemson University in South Carolina, consisting of The Enclave in Town and The...
Institutional Property Advisors brokers suburban Tacoma multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the Pointe East Apartment Homes, a 124-unit multifamily asset in Fife, Washington. The property traded for $31.75 million, which equates...
Berkadia arranges $66 million sale and financing of Jacksonville, Florida apartment community
Berkadia announces it has arranged the sale and financing of Topaz Villas, a 444-unit multifamily community in Jacksonville, Florida. Director Greg Rainey of Berkadia Jacksonville, along with his team, arranged the sale on behalf...
Intercontinental Real Estate Corporation and MG Properties acquire 178-unit apartment community in Agoura Hills,...
Intercontinental Real Estate Corporation in joint venture with MG Properties has acquired The Lexington Apartments, a 178-unit apartment community in the Southern California community of Agoura Hills for $87.3 million. Built in 1986, The Lexington...
Capital Square promotes Whitson Huffman to Co-Chief Executive Officer
Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and a developer of mixed-use multifamily communities, announced the promotion of Whitson Huffman to co-chief executive officer. Huffman has overseen approximately...
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...
