Thursday, March 28, 2024

News

Lake Forest Apartment Homes

Cushman & Wakefield arranges sale of Daytona Beach multifamily community

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Lake Forest Apartment Homes, a 384-unit multifamily community  located at 600 Jimmy Ann Dr. in Daytona Beach, Florida. Cushman &...
Devonshire

Rare value-add 122-unit multifamily portfolio in Granada Hills, CA sells for $25 million

Universe Holdings, a Los Angeles real estate investment company, has purchased a three-building, 122-unit multifamily portfolio in Granada Hills, California, for $25 million. Kidder Mathews commercial real estate investment broker, Janet Neman, represented Universe Holdings...
Norhardt Crossing

JLL Closes Sale of Three-Property Multi-Housing Portfolio in Milwaukee

JLL announced the closing of the sale of a three-property, multi-housing portfolio located within the Milwaukee area. The properties include the neighboring Norhardt Crossing and Norhardt Apartments located in the suburb of Brookfield, as...

Alpha Wave Investors acquires 144-unit multifamily property in rapidly growing Las Vegas market

Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Cypress Springs Apartments, a 144-unit multifamily community situated in the Centennial...
Fields Waterford Point

Fogelman Partnership completes acquisition of 334-unit multifamily community in Atlanta

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Fields Waterford Point, a 334-unit multifamily community located in Lithia...
Element Linthicum Heights

Element luxury apartments in Baltimore sold

JLL Capital Markets announced it has closed the sale of Element Linthicum Heights (“Element”), a luxury apartment community located just outside of Baltimore, Maryland. JLL worked on behalf of the seller, JLB Partners, to complete...

Marcus & Millichap arranges $7.5 million in multifamily transactions on Chicago’s North Side

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced it brokered two multifamily sales on Chicago’s North Side for a combined $7.5...

Cutting costs with recycling

There is an age-old adage that one man’s trash is another man’s treasure. With waste services being one of the top five property expenses, it’s a key area for property managers to consider when...
Monarch Commons

Governor Hochul Announces Completion of 50-Unit Affordable and Supportive Housing Development in Onondaga County

Governor Kathy Hochul announced the completion of Monarch Commons, a 50-unit affordable housing development for seniors in the Onondaga County town of Cicero. The energy-efficient development includes 15 supportive homes for veterans experiencing homelessness. “With...
The Livano

McShane Completes Construction of 242-unit The Livano Deer Valley Apartments in Phoenix Arizona

Construction is completed at The Livano Deer Valley in Phoenix, Arizona. McShane Construction Company built the 242-unit multifamily community on behalf of the owner, Jomax Residences, LLC. “The Livano Deer Valley is a beautiful, well-appointed...
Lydia Stiles

Sunrise Management named Lydia Stiles as asset director expanding Portland office

Expanding its new Portland, Oregon office, San Diego-based Sunrise Management, which has specialized in managing multifamily properties since 1978, has added Lydia Stiles as asset director for the region. In this capacity, Stiles takes...
Vecina Apartment Villas

Institutional Property Advisors brokers San Antonio multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vecina Apartment Villas, a 297-unit multifamily property in San Antonio, Texas. “Vecina Apartment Villas, developed by LIV Development in 2020, offers...

Multifamily builder and developer confidence remains unchanged in fourth quarter

Confidence in the market for new multifamily housing remained unchanged in the fourth quarter of 2019, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces...

Builder confidence in the 55+ housing market remains high in fourth quarter

Builder confidence in the single-family 55+ housing market remained high in the fourth quarter, inching down one point from an all-time high to 82, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index...
1410 South Country Club Drive

ABI Multifamily brokers 120-unit multifamily-hotel conversion opportunity for $13.2 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $13,200,000 / $110,000 Per Unit / $232.66 Per SF sale of 1410 South Country Club...
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