Institutional Property Advisors brokers sale of Hartford County Condominiums
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Folly Brook Manor, a 184-unit property. “Historically an investor-owned condominium rental housing, Folly Brook Manor is now wholly owned by one...
Dunleer sells 32-unit fully renovated apartment asset for $11.9 million in Ventura, California
Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $11.9 million sale of Casa de Ventura, a 32-unit apartment property located at 3098 Channel Drive in Ventura, Calif. Originally built in...
WPC acquires The Mark Apartments in Alexandria, Virginia for $52.7 million
Washington Property Company (WPC) has acquired The Mark, a 227-unit apartment tower in Alexandria, Virginia, for $52.7 million. The seller, an affiliate of Northpoint Realty Partners, was represented by Brian Crivella, Walter Coker, and Bill...
Builder sentiment strong at year’s end
Despite inflation concerns and ongoing production bottlenecks, builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory. Builder sentiment in the market for newly built single-family homes moved one point higher...
Construction materials prices move higher
The Bureau of Labor Statistics (BLS) released its producer price index report for November 2021. It showed that construction components and materials prices were up 1.6 percent in the month, seasonally adjusted. The index...
West Shore acquires asset near Nashville Tennessee
West Shore LLC, a multifamily real estate investment firm, announces its expansion into a new market with the acquisition of The Pointe at Five Oaks, a new construction luxury apartment community situated on 29...
Marcus & Millichap brokers deal on 116-unit apartment community for $20.6 million
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Waterford Villas, a 116-unit apartment property in Margate, Florida. The asset...
Commercial property loan delinquency rates decline
A pair of reports, one from Trepp and one from the Mortgage Bankers Association (MBA) indicate that delinquencies on loans on commercial property continue to decline from the elevated levels they reached early in...
Berkadia arranges sale and financing of garden-style multifamily community in Southeast Houston
Berkadia announces it has arranged the sale and financing of Hollister Apartments, a 156-unit multifamily garden-style community in the Dickinson suburb of Southeast Houston. Managing Directors Chris Young and Joey Rippel and Director Kyle...
$60 million in financing secured for Colorado multihousing acquisition
JLL Capital Markets announced that it has arranged $60 million in financing for the acquisition of Lodge on 84th, a 300-unit, garden-style multihousing community located in the Denver-area community of Federal Heights, Colorado. JLL worked...
Multihousing asset buy in North New Jersey financed for $54 million
JLL Capital Markets announced that it has arranged $54 million in acquisition financing for Montclair Residences at Bay Street Station, a 163-unit, transit-oriented multihousing community in the suburban New York City community of Montclair,...
Decron Properties acquires fifth multifamily asset in Phoenix, Arizona for $101 million
Decron Properties continues to build a formidable portfolio of multifamily assets in the Phoenix MSA with its acquisition of Arrowhead Ranch by Baron (Arrowhead Ranch), a 256-unit community located in Glendale, Ariz. for $101...
Cushman & Wakefield arranges $3.8 million sale of multifamily apartment community
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Avenu Heights, a 15-unit apartment community located in Miami. The final sale price was $3.8 million. Calum Weaver and...
CBRE gives 2022 multifamily outlook
CBRE recently released its 2022 U.S. Real Estate Market Outlook report. It forecasts that 2022 will be a very good year for the multifamily housing business. Economy on path to normal CBRE expects that the post-pandemic...
Berkadia arranges $70.76 million bridge loan for trophy 640-bed mixed-use student housing complex at...
Berkadia announces it has secured a $70.76 million bridge loan for UnionWest at Creative Village, a trophy 640-bed, mixed-use, high-rise student housing complex located in Downtown Orlando, Florida, serving the UCF/Valencia Downtown Campus. Managing...
