Stepp Commercial completes $6.5 million sale of 16-unit apartment property in Rose Park Neighborhood...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.5 million sale of a 16-unit apartment property located at 640 Stanley Avenue in the Rose Park neighborhood of...
CBRE arranges sale of 156-unit direct entry community in Marlborough, Mass for $59.2 million
CBRE announced that it has arranged the $59.2 million sale of The Orchards Apartments, a 156-unit direct entry garden style apartment community located at 3 Farmhouse Lane in Marlborough, Massachusetts. CBRE Capital Markets’ multihousing experts...
Multifamily property prices continue their rise
A new report from MSCI said that multifamily property prices rose 23.3 percent year-over-year in May and that they rose 1.5 percent from the month before. The annual rate of increase is effectively unchanged...
Trion Properties makes largest acquisition to date with $108.75 million off-market acquisition in highly-desirable...
Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has successfully completed the off-market acquisition of Terra Village, a 402-unit multifamily community in...
MC Companies acquires Briarcrest Apartments in Carrollton, Texas
Multifamily investor, developer and manager MC Companies has announced its acquisition of Briarcrest Apartments, a value-add multifamily community located just north of Dallas. Built in 1983, the property’s apartment units have not been renovated...
PCCP, LLC provides a $50.8 million senior loan for the development of a 178-unit...
PCCP, LLC has provided a $50.8 million senior loan to Pahlisch Commercial for the ground-up construction of Henley Place, a 178-unit, six-story multifamily community located on SE Main Street in Milwaukie, Oregon, a suburb...
CBRE arranges sale of 102-unit community in Westwood, MA for $35.25 million
CBRE announced that it has arranged the $35.25 million sale of Residences at Highland Glen, a 102-unit age restricted, garden-style apartment community located at 4100 Highland Glen Road in Westwood, Massachusetts. CBRE Capital Markets’ multihousing...
Biden Administration delivers plan to remedy housing shortage
The Biden administration recently announced its plan to solve the nation’s housing shortage, which includes creating more affordable housing. The 13-page Housing Supply Action Plan promises to increase housing supply across the nation, eradicating...
Cushman & Wakefield, Commercial Kentucky arrange sale of Veranda at Norton Commons
Cushman & Wakefield and its alliance member Commercial Kentucky announced that they have arranged the sale of Veranda at Norton Commons, a 236-unit multifamily property in northeast Louisville. Mike Kemether of Cushman & Wakefield along...
Institutional Property Advisors brokers $82 million Inland Empire multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Foothill Ridge, a 232-unit apartment asset in Upland, California. The $82 million sales price equates to $353,448 per unit. “Foothill Ridge...
$87.1 million financing arranged for New Jersey multihousing community
JLL Capital Markets announced that it has arranged the $87.1 million financing of Valley and Bloom, a two-building, 258-unit, mixed-use multihousing community in Montclair, New Jersey. In addition to the residential units, the property...
DB Capital acquires second multifamily property in San Antonio, expanding its Texas portfolio to...
Multifamily investment firm DB Capital Management (DB Capital) has made its second acquisition in San Antonio with the purchase of ReNew TPC, a 408-unit garden-style multifamily community. The Los Angeles-based firm entered the San...
Multifamily mortgage debt outstanding rises in Q1
A Mortgage Bankers Association (MBA) report on commercial and multifamily mortgage debt shows that banks and thrifts again had the largest net increase in multifamily mortgage holdings in Q1 2022. This is the second...
Magma Equities eclipses $500 million in multifamily investment volume in 2022 with largest single...
Magma Equities (Magma) has acquired the recently completed Litchford 315 Apartments, a 240-unit multifamily community in Raleigh, North Carolina, in an $83 million off-market transaction. This represents Magma’s fourth apartment investment of the year...
Fannie and Fed furnish falling forecasts
The latest forecasts from Fannie Mae and from the Federal Reserve foresee higher inflation than in earlier forecasts. They predict that rising interest rates will slow the economy, although they disagree on how much. Fannie...
