Matthew Harrell named CEO of Franklin Street as firm achieves record growth
Franklin Street, a full-service commercial real estate and insurance services firm, has named Matthew Harrell Chief Executive Officer. Harrell, who has been with Franklin Street since 2009, most recently serving as Chief Revenue Officer,...
Marcus & Millichap closes $27.6 million multifamily asset sale in Suburban Denver
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fairview Apartments, a 100-unit multifamily asset in Aurora, Colorado. The property...
SEC to mandate climate risk disclosure
On March 21, the SEC posted a proposed rule which would mandate that public companies include climate risk disclosure information in their standard filings. The proposed rule is 510 pages long. The rule’s disclosure...
Marcus & Millichap completes $39 million Bay Area apartment sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Huntwood Terrace Apartments, a 104-unit institutional-quality multifamily property located at 29200...
Cushman & Wakefield arranges $20.2 million sale of Park Village in Orange Park
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Park Village, a 120-unit multifamily community in the Orange Park submarket of Jacksonville. The final transaction price was $20.2...
Inflation drives interest rates higher
Forecasts from Fannie Mae and from the Federal Reserve foresee continued high inflation and rising interest rates. Fannie Mae issues a monthly forecast for the economy and for housing production. The forecast provides both quarterly...
ABI Multifamily brokers 92 of 240 rental condominium units in Northwest Phoenix for $22...
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $22,000,000 / $239,130 Per Unit / $234.80 Per SF sale of Phoenician Pines Condominium Homes,...
Multifamily housing completions continue to fall
The Census Bureau’s new residential construction report for February showed high levels of multifamily permit issuance and rising unit starts but falling multifamily unit completions. Multifamily housing permits high, but trending lower The number of permits...
Berkadia arranges sale and financing of multifamily community in Tampa, Florida
Berkadia announces it has arranged the sale and financing of The Place at Carrollwood, a 224-unit multifamily property in Tampa, Fla. Senior Managing Directors Jason Stanton and Matt Mitchell and Senior Director Greg Rainey...
KABR Group purchases 19 East luxury apartments in Bayonne, NJ, for $49.6 million
JLL Capital Markets, on behalf of KABR Group, announced the $49.6 million sale of 19 East, a 138-unit, mid-rise, luxury apartment community in Bayonne, New Jersey. JLL represented the joint venture seller, Ingerman Group and...
Multihousing development near Seattle secures $15 million subordinate loan from The Amazon Housing Equity...
JLL Capital Markets announced that it has arranged the $15 million subordinate loan from The Amazon Housing Equity Fund for the acquisition of 192 Shoreline, an affordable, 250-unit, mid-rise multihousing development in the suburban...
Berkadia arranges acquisition loan for two-phase, Class A apartment community in Georgia
Berkadia announces it has secured a loan for the acquisition of Exchange at 1105, a new Class A 280-unit garden-style multifamily property in LaGrange, Ga., in Troup County. Alliance Bernstein provided the financing. Managing Director...
Minnesota multihousing community sells for $65.158 million
JLL Capital Markets announced that it has closed the $65.158 million sale and arranged acquisition financing for Beyond Apartments, a 255-unit, mid-rise multihousing community located in the Minneapolis-St. Paul suburb of Woodbury, Minnesota. JLL marketed...
Multifamily production at a two-year high as single-family starts remain firm
Despite production bottlenecks and rising construction costs, total housing starts led by a strong multifamily reading posted a solid gain in February as demand stays strong and existing inventory remains at low levels. Overall housing starts...
CoreLogic reports record SFR rent growth
CoreLogic reported that the year-over-year rent growth for single-family rentals (SFRs) in January was 12.6 percent. This is the highest rate they have seen in the 17 years that they have been collecting this...
