Rent growth remains high in Yardi Matrix survey
Yardi Matrix reported that the national average apartment rent rose $14 in March to $1,642 per month. Rents growth moderates slightly The national average apartment rent was up 14.8 percent from its year-earlier level, a slightly...
NAHB Power Hitters with Elizabeth Hagie
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Elizabeth Hagie, SVP of Multifamily Sales, Builders Design.
ABI Multifamily brokers 160-unit Northwest Phoenix multifamily apartment community for $42 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42 million / $262,500 per unit / $356.39 per square foot sale of Rise Metro...
Magma Equities boosts Dallas/Ft. Worth MF holdings to 1,259 units with fourth acquisition in...
Magma Equities (Magma), in a joint venture with funds managed by Franklin Templeton, has acquired Palencia Apartment Homes, a 281-unit apartment community in north Dallas, its fourth multifamily investment in the Dallas/Ft. Worth metro...
Cushman & Wakefield arranges $80.2 million sale of Genesis Apartments
Cushman & Wakefield announced that the commercial real estate services firm has arranged the $80.2 million sale of Genesis Apartments, a 372-unit multifamily community located at 503 and 530 Fairwood Ave. in Clearwater, Florida. Mike Donaldson...
Single-family drives residential construction spending higher
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in February was up 1.1 percent from the revised level of the month before. Residential construction spending...
Institutional Property Advisors brokers suburban Nashville multifamily property sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vantage at Murfreesboro, a 288-unit multifamily property in Murfreesboro, Tennessee. “One of the fastest-growing cities in the nation, Murfreesboro’s strong multifamily...
Institutional Property Advisors brokers 390-unit Fort Worth multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Cooper, a 390-unit multifamily asset in Fort Worth, Texas. “Completed in 2021, The Cooper is a fully stabilized asset located...
Multifamily employment grows in March
The latest Employment Situation Report from the Bureau of Labor Statistics stated that the number of residential construction jobs and of apartment operations jobs both rose for the month. Total employment grows The BLS reported that...
$28.48 million loan secured for Northern New Jersey multihousing community development
JLL Capital Markets announced that it has arranged $28.48 million in construction financing for 175 Morris St., an 85-unit apartment community located in Morristown, New Jersey. JLL represented the borrower, The Hampshire Companies, to secure...
Levin Johnston completes $31.5 million sale of 102-unit multifamily community in Concord, California
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, announces its most recent multifamily transaction: the $31.5 million...
$43.5 million in construction financing secured for 190-unit multihousing community in San Diego
JLL Capital Markets has arranged $43.5 million in construction financing for the development of 4135 Park Blvd., a 190-unit, mid-rise, mixed-use multihousing project located on the border of the North Park and Hillcrest submarkets...
Decron acquires multifamily community in Phoenix for $107.5 million
Decron Properties has acquired Ascent at Papago Park, a 270-unit garden style multifamily asset in Phoenix, Arizona. It is the first of two acquisitions that the Los Angeles-based real estate investment firm will close...
KABR Group purchases luxury Connecticut communities for $41.3 million
JLL Capital Markets, on behalf of KABR Group, announced the purchase of 750 Summer St. and 163 Franklin St., two boutique, mid-rise, luxury multihousing communities in Stamford, Connecticut, totaling 116 units for $41.3 million....
Champion Real Estate Company acquires Campus Hill Apartments near Syracuse University for $65 million
Champion Real Estate Company (Champion), announced that it has acquired Campus Hill Apartments, a 267-unit, 715-bed student housing community with a central leasing office located at 1201 Harrison Street in Syracuse, New York for...
