Long Island multihousing community sells
JLL Capital Markets announced that it has closed the sale of Southpoint at Massapequa, a 214-unit, luxury, multihousing community located in Massapequa, New York. JLL represented the seller, JRK Property Holdings. Fairfield Properties acquired the asset. The...
NMHC & Grace Hill release data on COVID’s impact on renter preferences
The pandemic influenced 25 percent of renter moves over the past 18 months, and 70 percent of renters anticipate teleworking the same amount or more going forward, according to data from the National Multifamily Housing...
Angelo Gordon and the Donaldson Group sell D.C. high rise for $65.75 million
Transwestern Real Estate Services (TRS) announces its Mid-Atlantic Multifamily Group has brokered the sale of Plaza Towers, a 288-unit, high-rise apartment complex at 6700 Belcrest Road in Hyattsville, Maryland. The Donaldson Group and New...
Environmental site assessment pro joins JLL’s new EPC team
JLL’s Valuation Advisory group announced that has hired professional engineer Benjamin Hestir to join its growing Environmental and Property Condition (EPC) team as a Project Management Director specializing in environmental site assessment. In his new...
Job openings remain high in October
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for October. It reported that the number of job openings edged up to the second-highest level ever seen...
Rent Payment Tracker: payments up 1.7 percent over last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 77.1 percent of apartment households made a full or partial rent payment by December 6 in its survey of 11.8 million units of professionally...
Biden plan to combat corruption includes new real estate rules
The White House’s new plan to combat corruption—both domestically and overseas—seeks to, among other things, add new regulations on the real estate industry. The United States’ Strategy on Countering Corruption, a 38-page document released Dec....
Suburban shift eases in the third quarter
The suburban shift for single-family home buying precipitated in large part by the onset of the COVID-19 pandemic last year continues but new data reveals that higher density markets are making a comeback as well. In contrast,...
Apartment rent and occupancy hit record highs
Apartment rent growth and occupancy set new records in November, yet another sign that the nation’s housing market isn’t following seasonal patterns this year. Rent growth and occupancy usually cool heading into winter. Apartment occupancy...
Multihousing community near Tampa refinanced with $53.77 million loan
JLL Capital Markets announced that it has arranged a $53.77 million refinancing for The Grove at South Shore, a 340-unit, garden-style apartment community in Riverview, Florida. JLL worked on behalf of the borrower, Beachwold Residential,...
Trion Properties continues investment in Northern California market with acquisition of six multifamily communities...
Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, has acquired six multifamily communities totaling 347 units in the Sacramento, California area for...
Mesa West provides The Preiss Company with $97.7 million to finance acquisition of two...
Mesa West Capital has provided a joint venture between The Preiss Company (TPCO) and an institutional equity partner with $97.7 million in first mortgage debt to finance two separate multifamily acquisitions in Raleigh, NC....
Josh Gold joins National Apartment Association
The National Apartment Association (NAA) welcomed Josh Gold, CAE, CMP, as the new Senior Vice President, Member Education, Programs and Affiliate Engagement. Gold joins NAA with a wealth of professional association experience, most recently serving...
Berkadia arranges acquisition loan for 144-unit built to rent community in Kyle, Texas
Berkadia announces it has secured financing for the acquisition of Urbana at Plum Creek, a 144-unit single family, built-to-rent community in Kyle, Texas. Managing Director Scott Wadler of Berkadia Miami and Senior Director Matt...
Multifamily jobs markets continue growth
The latest Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction jobs and apartment operations jobs again saw gains this month. Total employment growth disappoints The BLS reported that employment increased...
