News

The Census Bureau’s report on construction spending shows that residential construction  spending in April was up 0.9 percent from the revised level of the month before. Residential construction spending was up 18.4 percent year-over-year. Single-family...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana Power, a newly built, 244-unit multifamily asset in Mesa, Arizona. The $84 million sales price represents $344,262 per unit. “The...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.3 million sale of Casa 2055 Apartment Homes, a newly renovated, 13-unit multifamily property located at 2055 E. 3rd...

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired The Harrison Apartments, a 278-unit apartment community located in Murfreesboro, Tenn. The property has been renamed “Scout Landing.” This...

SB Real Estate Partners (SBREP) has acquired Azura Apartments, a 387-unit garden style multifamily community in Phoenix, Arizona for $91 million. The property will be rebranded as Portola North Phoenix. SBREP has been an active...

Link Senior Development and The Roxborough Group, LLC announce the acquisition of Park Terrace Senior Living, an amenity rich, 301-unit independent living and assisted living community in Phoenix, Arizona. "Park Terrace is an exciting venture...

Middleburg Communities (Middleburg), a Vienna, Virginia-based real estate investment, development, construction, and management firm announces the sale of Vesta Adams Park, a 298-unit apartment community at 1991 Delowe Drive, SW, in Atlanta, Georgia to...

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Colony Woods, a 414-unit multifamily property located in the Cahaba Heights submarket of Birmingham. The final sale price was...

Berkadia announces it has arranged the sale of Lenox Clear Lake, a ­380-unit, Class A garden-style multifamily community in Houston, Texas. Senior Managing Directors Todd Marix and Chris Curry, Managing Directors Jeffrey Skipworth, Chris...

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of Heritage Quarters, a mid-rise 374-bed student housing apartment in Waco. Danny Wieland represented the...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed the $69 million acquisition of a 13-property...

Berkadia announces it has arranged the sale and financing of Dakota Apartments, a 156-unit, garden-style apartment community located approximately six miles outside of the state capital of Olympia, Washington. Senior Directors Ben Johnson and...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Crossings 820, a 418-unit apartment complex located at the intersection...

TruAmerica Multifamily, owner and operator of more than 3,000 multifamily units in the Phoenix metro, has acquired Rise on Peoria, a 164-unit garden-style apartment community for $45.4 million. The property constitutes a compelling value-add opportunity...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bellevue Tower, a 90-unit, garden-style, midrise apartment property in Tucson, Arizona. The asset traded for $14 million, which equates to...