Friday, December 27, 2024

News

CMBS delinquency

Multifamily CMBS delinquency rate declines in October

Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans fell in October, breaking a string of 5 consecutive monthly increases. However, the overall CMBS delinquency rate continued to rise, climbing 28...
Anchor at Gulf Harbors

Dominium Acquires Land for Anchor at Gulf Harbors, Plans to Develop 388 Affordable...

Dominium, a leading affordable housing owner, developer and manager announced that it has closed a deal to acquire land for the development of Anchor at Gulf Harbors, a new community of affordable housing in...
Collective at Columbia

The Preiss Company Announces Acquisition and Rebranding of Student Housing Asset The Collective at...

The Preiss Company (TPCO), one of the nation’s largest, privately held student housing owner-operators, proudly announces the acquisition and rebranding of Elevate 231, now known as The Collective at Columbia. This premier, cottage-style community, located...
Pleasantdale

S2 Capital Acquires ‘The Landing at Pleasantdale’ in Suburban Atlanta

S2 Capital (“S2”), a national vertically integrated multifamily investment manager, announced its acquisition of ‘The Landing at Pleasantdale’ (“Pleasantdale”). It was acquired through CBRE in an off-market direct transaction. Other terms of the transaction...
Sterling Heights

Marcus & Millichap Facilitates $9M Sale of 96-Unit Apartment Property Sterling Heights Near Minneapolis

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Sterling Heights, a 96-unit apartment property located in St. Cloud, Minnesota. “The...
Leo at Wendell

Joint Venture Between PCCP and Advenir Azora Announces Development of 206-Unit Built-for-Rent Community Leo...

A joint venture between PCCP and Advenir Azora has announced the ground-up development of Leo at Wendell, a 206-unit, cottage-style built-for-rent (BFR) community located at 313 Old Battle Bridge Road in Wendell, North Carolina. The...
Allez Apartments

JLL Arranges Financing for Luxury Multifamily Project Allez Apartments Near Seattle

JLL Capital Markets announced that it has arranged a $30 million loan for Allez Apartments, a 148-unit luxury multifamily community in downtown Redmond, Washington. Located at 8397 158th Ave NE, Allez Apartments is strategically positioned...
Skye at Hunter's Creek

Berkadia Arranges Sales of Skye at Hunter’s Creek in Kissimmee Florida

Berkadia announced it has secured a $42.5 million bridge loan for Skye at Hunter’s Creek, a 216-unit garden-style multifamily property located in Kissimmee, Florida. Managing Director Brad Williamson of Berkadia Miami and Associate Director Wesley...
Aviara Green

Berkadia Arranges Sales of Aviara Green Apartments in West Palm Beach Florida

Berkadia announced the sale of Aviara Green, a 56-unit apartment property with units set aside for workforce housing located near West Palm Beach, Florida. Senior Managing Directors Roberto Pesant and Jaret Turkell, along with Directors Omar...
Sugar Hill Apartments

Berkadia and IREA Negotiate $11.91M Sale of Sugar Hill Apartments in North Redondo Beach

Berkadia announced the sale of Sugar Hill Apartments, a 36-unit, garden-style multifamily community in North Redondo Beach, California. Managing Director Steffan Braunlich of Berkadia El Segundo and Senior Partner Chris Thompson of IREA Encino led the...
Tower at Henry Avenue

NewCourtland is Showcasing its First Inclusive Housing Property on Henry Avenue in Philadelphia

NewCourtland Tower at Henry Avenue (formerly a psychiatric hospital known as EPPI) is a new innovative and inclusive housing community on 3232 Henry Avenue in the East Falls neighborhood of Philadelphia. An inclusive housing model...
The Gardens

Marcus & Millichap Arranges $6.1M Sale of 24-Unit Multifamily Property The Gardens in Fort...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Gardens, a 24-unit multifamily property in Fort Lauderdale, Florida, for...
Parkside Apartments

JLL Facilitates Landmark Transaction of Parkside Apartments in Tech-Centric Hub Near Seattle MSA

JLL Capital Markets group announced the successful $286 million sale of Parkside Apartments, a 664-unit luxury community in Redmond, Washington. JLL worked on behalf of the seller, a partnership between a Texas-based group of investors...
The Mark at Wildwood

JLL Arranges Trade of The Mark at Wildwood Multifamily Community North of Orlando

JLL Capital Markets announced that it has arranged the new construction sale of The Mark at Wildwood, a 294-unit multifamily complex in Oxford, Florida. The Mark at Wildwood, located at 3795 Bismark Court, sits at...
Chapter 11 bankruptcy sales

AW Properties Global Announces Proposed Senior Living Development Site and 11-Acre Residential Land Parcel...

AW Properties Global, alongside its auction division AuctionWorks, announces November 26, 2024, as the bid deadline for the Chapter 11 bankruptcy sales of two distinct development sites in the Burtonsville, MD area. Both properties...
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