News

The Avant

Trophy Northern Virginia multihousing community trades for $141 million

JLL Capital Markets announced that the $141 million sale of The Avant, a 359-unit, trophy multihousing community located in Reston, Virginia, has closed. JLL represented the seller, Boston Properties, and secured acquisition financing on behalf...
Royal Pines at Marlboro

Age-restricted multihousing community in Central New Jersey trades for $29.9 million

JLL Capital Markets announced that it has closed the $29.9 million sale of Royal Pines at Marlboro, an 89-unit 55+ multihousing community in Englishtown, New Jersey. JLL represented the seller, a joint venture between GRJ...
Omnia on Thomas

FCP partners again with Avanti Residential, acquiring Omnia on Thomas Apartments in Phoenix, Ariz....

FCP and joint venture partner Avanti Residential announce the $65 million acquisition of Omnia on Thomas, a 382-unit garden apartment community at 1645 E. Thomas Road in Phoenix, Ariz. Omnia on Thomas represents FCP’s third...
fannie mae multifamily housing forecast

Fannie Mae sees bigger housing slowdown coming

Fannie Mae’s November economic and housing forecasts predict that both multifamily and single-family housing starts will fall next year by more than they previously expected. The November forecast is the first from Fannie Mae to...
Foxborough Apartments

Institutional Property Advisors brokers sale of Orange County multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Foxborough Apartments, a 90-unit apartment complex in Orange, California. The property was acquired by Advanced Real Estate of Irvine, California. Advanced...
THEA at Metropolis

JLL completes acquisition financing of ultra-luxury Downtown Los Angeles multihousing tower

JLL Capital Markets announced that it has arranged the acquisition financing for THEA at Metropolis, a 685-unit, ultra-luxury, high-rise multihousing community located in Downtown Los Angeles. JLL worked on behalf of the new owner to...
Sunnyview Villa Apartments

The Mogharebi Group brokers $11.25 million sale of 44-unit affordable housing community in Palm...

The Mogharebi Group (TMG) has brokered the sale of a 44-unit garden-style multifamily community in Palm Springs, Calif. for $11.25 million. The buyer of the fully occupied property is a California-based affordable housing investor. Sunnyview...
Eastyn Park Apts

Institutional Property Advisors brokers sale and arranges financing for Tucson multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Eastyn Park, a 279-unit multifamily property in Tucson, Arizona. The $42.5 million sales price equates to $152,329 per unit. “Eastyn Park...
Hillcrest Acres Apartments

MassHousing closes on $18 million for the refinancing, preservation of affordability and extensive renovation...

MassHousing has provided a total of $18 million in affordable housing financing to the non-profit Retirement Housing Foundation (RHF), and its development consultant, the Schochet Companies, for the refinancing, preservation of affordability and renovation...
The Bluffs

JVM Realty Corp. acquires luxury apartment community southwest of Chicago

JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has acquired Seasons at Romeoville, a 240-unit luxury apartment community in the Chicago suburb of Romeoville, from...

Multifamily property prices fall in October

The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.6 percent in October from their level of the month before. Prices were still up 11.3 percent...
Chateau Spring Terrace

$10.75 million financing secured for a California multihousing community owned by Universe Holdings

JLL Capital Markets announced that it has arranged the $10.75 million refinancing of Chateau Spring Terrace, a 56-unit multihousing community located in La Mesa, California. JLL worked on behalf of the borrower, Universe Holdings, to...
Dock Street Flats

Sale of Minneapolis apartment community closes

JLL Capital Markets announced that it has closed the sale of Dock Street Flats, a 185-unit, 2013-built, luxury apartment community with 2,852 square feet of retail located within the historic North Loop neighborhood in...

Levin Johnston directs 1031 exchange of multifamily communities in San Mateo County

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S., specializing in wealth management through commercial real estate investments, has successfully directed the sale of two San Mateo...
apartment construction

Multifamily housing construction activity falls slightly in October

The Census Bureau’s new residential construction report for October recorded slight declines in multifamily housing construction permits, starts and completions. However, none of the declines was more than 5 percent from the levels of...
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