News

The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in apartment operations jobs grew during the month while residential construction jobs declined. Employment up, participation down The Bureau of Labor Statistics...

Berkadia announces it has arranged the sale of The Life at Spring Estates, a 372-unit apartment community located in the North View section of Houston, Tex. Managing Directors Chris Young and Joey Rippel, Director...

An NIC Map Vision brief on the state of the senior housing industry reports that its fundamentals are slowly improving after the loss in occupancy the industry experienced during the pandemic. Market or markets? The senior...

Myth #1: “Managed Wi-Fi is not secure.” BUSTED! Managed Wi-Fi is actually more secure than individual resident networks. Some providers, like DISH Fiber, offer enterprise-grade firewalls for every property to create greater peace of mind. Additionally,...

Franklin Street has arranged the sale of Jupiter Palms, a 30-unit, 18,872-square-foot multifamily property in Jupiter, Florida, for $5.8 million, or $307.37 per square foot. The property was 100 percent occupied at the time...

Avison Young announced the Sauter Multifamily Group, comprised of Principals Patrick Sauter, Art Carll-Tangora, and Steve Nosrat, based in the firm’s Las Vegas office, closed the $40 million sale ($227,272 per unit) of Las...

MassHousing has closed on $8.5 million in affordable housing financing to Dakota Partners, Inc., to support the final phase of development of the Woodland Cove housing community in Wareham. The MassHousing financing for Woodland Cove...

JLL Capital Markets announced that it has arranged $47.3 million in acquisition financing and secured the preferred equity for Lantower Alamo Heights, a 312-unit multihousing community located in the Alamo Heights neighborhood of San...

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Paces at the Estates, a 270-unit multifamily property located in Opelika, Alabama. Andrew Brown of Cushman & Wakefield and Brian...

Draper and Kramer, Incorporated, a national full-service real estate firm, announced it has added to its national portfolio of multifamily properties with the purchase of Senita on Cave Creek, a 15-building, 240-unit luxury rental...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Hilands, a 826-unit multifamily asset in Tucson, Arizona. The $178 million sales price, which represents $215,496 per unit, is the...

The administration of Mayor Eric Adams recently released a plan to address housing issues in New York City . It is called “Housing Our Neighbors: A Blueprint for Housing and Homelessness”. The document is...

FCP and joint venture partner Avanti Residential announce the $55 million acquisition of Heights on Huron, a 252-unit garden apartment community at 10648 Huron Street in Northglenn, Colorado. In May 2022, FCP announced its initial...

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings declined in May from last month’s level, but they remained at a...

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, announces the acquisition of The Moorings, a 201-unit apartment waterfront community in Houston, Texas. The Moorings offers newly...