CBRE arranges $77 million sale of 305-unit historic renovated Mill Apartment Community in Haverhill,...
CBRE announced that it has arranged the $77 million sale of Hamel Mill Lofts, a 305-unit historic renovated mill apartment community located at 40 Locke Street in Haverhill, Massachusetts. CBRE Capital Markets’ multi-housing experts Simon...
Above trend rent growth continues in July
The latest rent report from Apartment List shows that the national average rent growth in July was 1.1 percent month-over-month and 12.4 percent year-over-year. Both of these rates are down from those posted last...
$17.4 million sale of multihousing community in Milwaukee
JLL Capital Markets announced that it has closed the $17.4 million sale of Freshwater Apartments, a 76-unit, mixed-use apartment building in the Harbor District on the eastern edge of Walker’s Point in downtown Milwaukee. JLL...
Franklin Street arranges $34 million sale of value-add multifamily property on Florida’s East Coast
Franklin Street has arranged the sale of Paradise Cay Apartments, a 197-unit, 216,466-rentable-square-foot multifamily property in Melbourne, Florida, for $34 million, or $172, 588 per unit. Franklin Street’s Tampa Multifamily Investment Sales Team of Darron...
The Hoffman Company brokers 18-acre parcel in Riverside, California, for mixed-use development
The Hoffman Company, recently brokered the sale of a 482-unit apartment project on approximately 18 acres, part of a larger 35-acre mixed-use development called The Exchange being developed by the seller, AFG Development LLC....
JLL secures $585 million financing for mixed-use development in Boston
JLL’s Capital Markets group announced that it has arranged $585 million in construction financing for a mixed-use project consisting of 580,905 square feet of life sciences, retail and multihousing space in Boston, Massachusetts. JLL worked...
Cushman & Wakefield arranges sale of Seleno at Bridge Street
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Seleno at Bridge Street, a 244-unit multifamily property located in Huntsville, Alabama. Cushman & Wakefield’s Craig Hey and Andrew Brown...
Joint Venture of PCCP, LLC and Grand Peaks acquires newly developed two-property multifamily portfolio...
A joint venture of PCCP, LLC and Grand Peaks has acquired a two-property multifamily portfolio totaling 696 units—both of which completed construction earlier this year and are currently in the lease-up phase. The garden-style...
Odyssey Properties Group continues bullish Florida expansion with acquisition of two multifamily communities totaling...
Odyssey Properties Group, a multifamily investment sponsor and private equity real estate firm based in Los Angeles, has acquired two multifamily communities in Florida comprising a total of 304 units for $53 million. The properties...
Decron Properties acquires 216-unit multifamily property in Phoenix Metro for $91 million
Decron Properties has acquired The Wyatt, a 216-unit garden-style apartment community in the Phoenix submarket of Gilbert, Arizona, for $91 million. It is the ninth acquisition for Decron in the Phoenix metro overall and...
Marcus & Millichap negotiates the sale of a 65-unit multifamily complex for $11.65 million
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of City View Apartments, a 65-unit complex in Fort Lauderdale, Florida. The...
$75 million in refinancing secured for Long Beach multihousing community
JLL Capital Markets announced that it has arranged the $75 million refinancing for The Landing at Long Beach, a 206-unit garden-style apartment community in Long Beach, California. JLL represented the borrower, Silver Star Real Estate,...
JLL’s Valuation Advisory group expands multihousing practice with addition of Nik Bex
JLL’s Valuation Advisory group announced that it has hired Nik Bex, MAI, as Executive Vice President in its Chicago office. Bex will focus on driving growth and building the multi-housing platform in Chicago and...
Cushman & Wakefield arranges sale of Mobile 625 Portfolio
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of three Mobile multifamily communities that comprise the Mobile 625 Portfolio – Ashford Place, Huntleigh Woods, and Southern Oaks. Craig Hey...
ECI Group announces $625 million portfolio refi
ECI Group has closed a $625 million refinance of a 13-asset portfolio of multifamily assets through Goldman Sachs Bank USA, fueling ECI’s reinvestment in existing assets and supporting an active development pipeline as well...
