Multifamily CMBS special servicing rate higher in October
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher for the third month in a row in October, rising another 14 basis points. The overall CMBS special servicing...
Walker & Dunlop Facilitates $113M Sale of Multifamily Community Franklin 299 in the Bay...
Walker & Dunlop, Inc. facilitated the $113 million acquisition financing for Franklin 299, a Class A multifamily community in Bay Area Redwood City, California. The Walker & Dunlop Multifamily Finance team, led by Jeff Burns,...
X Social Community Luxury Apartment Towers X Denver 2 in Colorado Sells for $100M
CIM has paid just over $100 million for luxury apartment towers in downtown Denver’s Arapahoe Square area near Coors Field. X Denver 2 has 351 units. The 22-story tower, called X Social Community, offers a...
Buchanan Capital Partners Expands Portfolio with Strategic Acquisition of Crenshaw Grand Apartments and New...
Buchanan Capital Partners, "BCP", an Austin-based, zero-fee commercial real estate investment firm, announced the recent closing of three new multifamily investments; two ground-up developments located in New Braunfels, Texas, and Colorado Springs, Colorado, and...
JPMorgan Chase & Co. Arranges $31.5M of Debt Financing for the Acquisition of Webster...
JPMorgan Chase & Co. arranging $31.5 million of debt financing for the acquisition of Webster House Apartments, which included $7 million to finance an initial renovation. Jonathan Rose Cos. recently acquired the 14-story high-rise...
High Street Residential and MetLife Investment Management Announce Ground Breaking on New Multifamily Community...
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, and capital partner MetLife Investment Management, have broken ground on a 244-unit residential community in Seattle. Located at 6716 Roosevelt Way NE, on the...
Step Up Housing Buys 240-Unit Affordable Housing Property Vue at 3600 in the Bay...
Step Up Housing has acquired Vue at 3600, a 240-unit affordable housing property in the Bay Area city of Richmond, California. As part of the closing, a regulatory agreement was recorded against title requiring...
CBRE Arranges $23M Refinancing for Trailhead at the Preserve Apartment Complex Near Seattle
CBRE has arranged a $22.8 million refinance loan for the 109-unit Trailhead at the Preserve Apartment Complex located in Bremerton, Washington. James Bach, Connor Lemley, Regina Wang, and Griffin Walker with CBRE Capital Markets’ Debt...
Antoinette Brothers of the Peabody Companies Passes SHCM Exam
The Peabody Companies, a group of award-winning property management and real estate firms, is proud to announce that Antoinette Brothers of Cambridge, Massachusetts, has passed the Specialist in Housing Credit Management (SHCM) exam and...
Greystone Management Solutions Restructures as the Greystone Real Estate Advisory Group
After a quarter of a century providing best in class commercial real estate management services to the public sector, Greystone Management Solutions is rebranding as the Greystone Real Estate Advisory Group. This new identity...
Cityview Expands Southwestern U.S. Presence with Opening of Dallas Office, New Director of Acquisitions...
Cityview, a premier multifamily investment management and development firm, announced the hire of Quinn Konitshek, the firm’s new Director of Acquisitions. “With the hiring of Quinn and opening of our new Texas office, we are...
HUD/RAD Delivers Over $37M to Build and Preserve Affordable Housing in Reno
The U.S. Department of Housing and Urban Development (HUD) announced the completion of a $37 million Rental Assistance Demonstration (RAD) transaction with the Reno Housing Authority to expand affordable housing options for low-income individuals...
Hudson Realty Capital Launches $800M Bridge-to-HUD Loan Program for Multifamily Projects
Hudson Realty Capital, an integrated commercial real estate investment manager and FHA/HUD lender that provides financial solutions to sponsors across the U.S., announced the launch of a new bridge to HUD loan program for...
Which multifamily market will see the highest rent growth in 2025?
Moody’s Analytics associate director and economist Nick Villa gazes into his crystal ball to determine which markets will see the highest apartment rent growth in 2025.He leans on Moody’s Q3 2024 Preliminary...
Construction materials prices rise in October
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.3 percent month-over-month in October on a seasonally adjusted basis. However, the change in construction...
