NMHC and NAA statement on Biden Administration plan to increase housing supply
The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) applaud the Biden administration for continuing to recognize the nation’s critical shortage of affordable housing and taking additional steps to help address it. In...
Marcus & Millichap brokers 309-unit multifamily asset sale in Dallas
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Hampton Greens, a 309-unit apartment complex in Dallas, Texas. “Occupancy at Hampton...
Greenstone Partners brokers sale of mixed-use Lincoln Park property for $6.7 million
Commercial real estate brokerage firm Greenstone Partners announces the sale of a $6.7 million timber loft office building in Chicago’s Lincoln Park neighborhood. Greenstone Partners’ Managing Partners Danny Spitz and Jason St. John represented...
Interra Realty negotiates $1.9 million sale of multifamily property in Chicago’s Park Manor Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it negotiated the $1.9 million sale of 7027-33 S. Indiana Ave., a 26-unit multifamily property in Chicago’s Park Manor neighborhood. The price per...
U.S. needs 4.3 million more apartments by 2035 to address demand, deficit and affordability
Amidst demographic shifts and lingering pandemic impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new apartments by 2035, according to a new study commissioned by...
Sale of multihousing community in Westchester County, New York closes
JLL Capital Markets announced that it has closed the sale of Avalon Green, a 617-unit, value-add multihousing community located within Westchester County in Elmsford, New York. JLL marketed the property on behalf of the seller,...
Haven Realty Capital and Apollo Global Management close on Las Vegas BTR Community
Haven Realty Capital (Haven), in partnership with funds managed by an affiliate of Apollo Global Management, Inc., has closed the first phase of a $22.8 million acquisition of a build-to-rent (BTR) townhome community now...
Cushman & Wakefield arranges sale of The Anatole Apartment Homes
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Anatole Apartment Homes, a 208-unit multifamily community located in Daytona Beach at 1690 Dunn Ave. Mike Donaldson and Nick...
Institutional Property Advisors closes boutique East Valley build-to-rent multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Dolce Villagio Lofts, a 37-unit multifamily asset in Tempe, Arizona. The $21.25 million sales price equates to $574,324 per unit. “Dolce...
Marcus & Millichap closes 216-unit multifamily asset sale in Rockport, Texas
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Pearl Point, a 216-unit multifamily complex in Rockport, Texas. “Best-in-class assets in...
$28.4 million in financing secured for Arizona multihousing community
JLL Capital Markets announced that it has arranged the $28.4 million financing for Villatree Apartments, a 150-unit, garden-style multihousing community in Tempe, Arizona. JLL represented the borrower, Epic Investment Services, to secure the five-year, floating-rate...
$82.5 million sale of New Jersey multihousing community
JLL Capital Markets announced that it has closed the $82.5 million sale of The Mark Parsippany, a 212-unit, four-story, Class A, luxury apartment community in Parsippany, New Jersey. JLL represented the seller, an affiliate of...
Stepp Commercial completes $5.5 million sale of 11-unit apartment asset in Santa Monica, California
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.5 million sale of an 11-unit apartment property located at 917 6th Street in Santa Monica, Calif. The property,...
Parkview Financial originates $19 million construction loan for 134-unit multifamily project with a ground...
Parkview Financial announced it has provided a $19 million leasehold construction loan to Ethos Development to build a seven-story, 134-unit multifamily project located at 1835 N Flint Avenue, Portland, Oregon. Ethos purchased the 0.36-acre site...
Mixed-use Lenox Hill portfolio sells for $33.75 million
JLL Capital Markets announced that it has closed the $33.75 million trade of a three-building, mixed-use multihousing and commercial portfolio in Manhattan’s Lenox Hill neighborhood. Located at 1026 Third Ave. and 1020-1024 Third Ave., the...
