$136 million trade of Class A multihousing portfolio on Long Island closes
JLL Capital Markets announced that it has closed the $136 million sale of a multihousing portfolio consisting of two Class A communities totaling 316-units in West Hempstead and Hempstead, New York. JLL marketed the properties on...
Marcus & Millichap brokers sale of Lincoln Garden Apartments portfolio in Hollywood for $7.85...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Lincoln Gardens Apartments, a 53-unit apartment property currently being operated...
Torrid rent growth pace slows slightly in October
The latest rent report from Apartment List shows that rent growth is still at a high, if decelerating, pace. Nationally, rents were up 0.8 percent for the month and nearly 16 percent for the...
NAHB Power Hitters with Paul Doocy
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Paul J Doocy, Co-Head of Real Estate of CP Capital. Transcript: NAHB Power Hitters interview. Linda Hoffman with Paul Doocy, recorded October 14,...
ABI Multifamily brokers 160-unit Far West Phoenix multifamily apartment community for $41.625 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $41,625,000 / $260,156 Per Unit / $284.71 Per SF sale of Westover Parc Apartments, a...
SB Real Estate Partners enters Las Vegas multifamily market with $67 million acquisition near...
SB Real Estate Partners (SBREP) has acquired The Russell Apartments, a 241-unit garden-style apartment home community for $67.0 million, marking the California-based multifamily investment firm’s entry into the Las Vegas real estate market. The Russell...
Residential construction spending down slightly in September
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in September was up 19 percent year-over-year but fell 0.4 percent month-over-month. Passing the peak The reported value of...
Cushman & Wakefield arranges multifamily sale on behalf of Spandrel Development and Confidential Partner
Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of The Baxly, a 275-unit apartment community located in Savannah, Georgia. Robert Stickel, Taylor Bird and Alex Brown of Cushman &...
Decron Properties acquires multifamily community in Phoenix for $125.25 million
Multifamily investment firm Decron Properties added to its rapidly expanding footprint in the Phoenix MSA with the purchase of Avery on the Green, a 324-unit multifamily property in the submarket of Chandler, Ariozona for...
Newmark arranges sale of 280-unit luxury multifamily asset in suburban Austin, Texas
Newmark announced that it has completed the sale of Cordevalle, a 280-unit luxury multifamily asset located at 650 Louis Henna Boulevard in Round Rock, Texas. Newmark Vice Chairman Patton Jones and Managing Director Andrew Dickson...
Cushman & Wakefield arranges multifamily sale on behalf of Bristol Mobile Partners
Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Meridian at the Port, a 267-unit apartment community located in Downtown Mobile, Alabama. Jimmy Adams and Craig Hey of Cushman...
Castle Lanterra acquires Broadstone McKinney multifamily community in historic downtown McKinney, Texas
Castle Lanterra Properties (CLP), a New York-based national real estate investment firm, today announced the acquisition of Broadstone McKinney, a newly developed 255-unit suburban multifamily community located minutes from bustling Historic Downtown McKinney, Texas....
Multifamily property price index continues to climb
The latest CoStar report on the change in prices of commercial property in the United States said that multifamily property prices rose 12.5 percent over the last 12 months, but multifamily is no longer...
160-unit multifamily community trades for $25 million in Sacramento
Transwestern Real Estate Services (TRS) announces the team of Shivu Srinivasan, Robert Dau, Dante Giacomini and Connor McGarty represented both parties in the sale of Park Knoll Apartments, a 160-unit multifamily community at 10680...
Berkadia arranges financing for acquisition of Frontal Trust’s single-family rental portfolio in Miami-Dade County
Berkadia announces it has arranged a $17.15 million loan for the acquisition of 125 condos and single-family homes located within Miami-Dade County, Florida. The majority of the assets are located in Homestead and include...
