Griffith Pepdjonovic Group of Marcus & Millichap Arranges $4.6M Sale of Multifamily Property on...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a six-unit multifamily property located at 14 Mt. Hood Road in...
Greenstone Partners Brokers Canterbury Court Apartments in Chicago for $25.7M
Greenstone Partners announces Canterbury Court Apartments, located at 1220 N. State Parkway in the Gold Coast neighborhood of Chicago, Illinois has sold for $25.7 million. The 176-unit multifamily property also features the famed Zebra Lounge...
Eastern Union Secures $20.4M to Refinance Conversion of 137-Unit Hotel Into Assisted Living Residence...
Eastern Union has arranged $20.4 million in refinancing toward the conversion of a six-story, 137-unit hotel in Plano, Texas into an assisted living residential community. Plano is located approximately 20 miles north of Dallas. Based...
Dwight Mortgage Trust Closes $384M Securitization via Freddie Mac’s Q-Deal Program
Dwight Mortgage Trust (DMT) completed what is reportedly the largest multifamily mortgage loan securitization through Freddie Mac’s Q-Series program in the past two years. The $383.5-million floating-rate Q-Deal, Q029, comprises nine loans secured by...
Multifamily starts higher despite fall in permits
The Census Bureau’s new residential construction report stated that multifamily starts moved higher after last month's fall. However, both multifamily permits and completions were lower for the month. The number of permits issued for buildings...
Thompson Thrift Sells Citadel at Castle Pines Near Denver
Thompson Thrift, a full-service nationally recognized real estate company, announced the sale of Citadel at Castle Pines, a 214-unit, Class A multifamily community in the Denver suburb of Castle Pines to an undisclosed buyer....
High Street Residential Breaks Ground on Hawes Crossing Multifamily Project in Mesa Arizona
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has broken ground on a three-story, 419-unit Class A multifamily community in Hawes Crossing, a 1,100-acre master-planned community in Mesa, Arizona. The project is...
CBRE Arranges Sales of Two Six-Unit Multifamily Properties in San Clemente California
CBRE announced the sales of two six-unit multifamily properties in San Clemente, California, to individual private investors, totaling $4.82 million. “Our targeted marketing generated multiple competitive offers through our investor network, and we closed escrow...
Dominium Announces the Land Acquisition for Sage at Franklin Park in Austin
Dominium, a leading affordable housing owner, developer and manager, announced it has closed a deal to acquire land for the development of Sage at Franklin Park, a new community of affordable apartment homes. The project...
JLL adds AI Capabilities to JLL Azara to Transform Data Interaction for Work Dynamics...
JLL (NYSE: JLL) announced the reinvention of JLL Azara, an AI-powered, data analysis application designed to transform how business leaders interact with corporate real estate and facilities management data. The solution is powered by...
Interra Realty Brokers $11.25M Sale of Mixed-Use Apartment Building on Clark Street in Chicago’s...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $11.25 million sale of a 35-unit mixed-use property at 2200 N. Clark Street in Chicago’s Lincoln Park neighborhood. Interra Senior Managing...
Marcus & Millichap Brokers $2.35M Sale of 24-Unit Mosinee Apartments in Wisconsin
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Mosinee Apartments, a 24-unit apartment property located in Mosinee, Wisconsin. “This transaction...
Tempe Town Development Considering Proposed 2,391-Bed ASU Student Housing Venture to be Called Nova...
Up Campus Properties is proposing a 950-unit student housing project at Rural Road between Apache Blvd. and University Drive in Tempe. The project, to be named Nova Tempe which will have 2,391 bedrooms, will be...
2025 GSE multifamily loan caps set
The Federal Housing Finance Agency (FHFA) announced that the 2025 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $73 billion for each Enterprise, for a combined total of...
Builder sentiment improves after election
Builder sentiment improved for the third straight month and builders expect market conditions will continue to improve with Republicans winning control of the White House and Congress. Builder confidence in the market for newly built...