Decron Acquires Class A Multifamily Community Hangar at Thunderbird in Phoenix for $69M
Decron Properties has acquired Hangar at Thunderbird, a 266-unit gated luxury multifamily community located in Glendale, Arizona for $69 million. Decron acquired Hangar at Thunderbird for $260,000 a unit, far below the average cost of...
March is a down month for multifamily housing construction
The Census Bureau’s new residential construction report for March showed multifamily permits were flat for the month, and that was the relative bright spot. Both multifamily unit starts and completions were sharply lower. The report...
Daniel Management Group Announces New Management of Aloft at the Glen Town Center
Daniel Management Group, a Chicago-based real estate firm focused on multifamily investment and management, announces new management of Aloft at the Glen Town Center in Glenview, Illinois. “Aloft at the Glen Town Center is an...
Marcus & Millichap Facilitates $12.6M Sale of Four Multifamily New York Properties on 140th...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 109,157-square-foot portfolio of four buildings located on 140th Street in...
Wingspan Development Announces Sale of Sixteen30, a 284-Unit Luxury Rental Community in Chicago’s Southwest...
Wingspan Development Group, a national development firm, announced the sale of Sixteen30, a Class A apartment community of 284 units it developed in Plainfield, Illinois, about 40 miles southwest of Chicago. Menomonee Falls, Wis.-based...
MassHousing Financing Announces $94M in Refinancing for the Preservation of Affordability and Substantial Property...
MassHousing announced that residents living at the 432-unit Westminster Village Arms in Lowell will have their affordable rents preserved for the long term and see approximately $20 million in property improvements as a result...
Red Oak Capital Holdings Provides $6.3M to Refinance Jacksonville Adaptive Reuse of Laura Street...
Red Oak Capital Holdings, LLC has provided $6.3 million to refinance Laura Street Trio, a collection of assets in the core of Downtown Jacksonville, Florida. The structures, considered to be among the most significant and...
Frankel Family Trust Announces 760-Unit Luxury Apartment Community Tuscany at Gabriella Pointe Breaks Ground...
The Frankel Family Trust – a privately-owned, multifamily property developer and owner – came together with Gilbert Mayor Brigette Peterson as well as general contractor CHASSE Building Team and other community and business leaders...
Trilogy Investments Announces Construction for Build-To-Rent Community Rêve at Avondale Station Has Commenced
Trilogy Investment Company, a leader in Build-To-Rent (BTR) community development, announces that land development at Rêve at Avondale Station in Avondale, Arizona, is underway. The 107-home BTR community, developed in collaboration with Pinnacle Partners, is...
Avatar Financial Group LLC Provides $6.5M for Bellfort Plaza Apartments in Southeast Houston
Avatar Financial Group LLC, a Seattle-based national hard money bridge lender for commercial real estate, has provided $6.5 million in financing for the 154-unit Bellfort Plaza Apartments. The multifamily community is situated in the...
Builder sentiment unchanged in April
Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the first quarter of 2024. Builder confidence in...
Construction materials prices reported lower in March
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were down 0.1 percent month-over-month in March on a seasonally adjusted basis. The index of components...
NRP Group Names Patrick Carino Vice President of Development
Cleveland-based multifamily firm The NRP Group has hired Patrick Carino as vice president of development, responsible for the origination and management of market-rate projects in the Northeast, particularly New Jersey, New York, Connecticut and...
Starwood Impact Investors Closes Investment in Obsidian Capital Partners
Starwood Impact Investors, a return-driven investment platform managed by Starwood Capital Group that is dedicated to investing in commercial real estate opportunities controlled by underrepresented partners, announced it has completed its inaugural investment in...
Andrew Jennison and Daniel Pickart Join Newmark
Andrew Jennison and Daniel Pickart have joined Newmark as Vice Chairman and Senior Managing Director, respectively. Based in the Century City office, the team will contribute to the growth of Newmark's Private Capital Market...
