Financing arranged for High Street in Atlanta’s Central Perimeter
JLL Capital Markets announced that it has arranged a construction loan for the development of Phase I of High Street, a mixed-use destination featuring approximately 150,000 square feet of retail and restaurants, 600 luxury...
Concord Summit Capital closes over $60 million in financing for Encore Capital Management’s Sunset...
Concord Summit Capital, LLC (Concord Summit) successfully arranged more than $60 million in construction financing for Sunset Walk Apartments in Kissimmee, Florida. Longtime Concord Summit client, Encore Capital Management (Encore), is developing the 352-unit...
American Landmark acquires 449-unit apartment community in Charlotte, North Carolina
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Celsius Apartment Homes, a 449-unit apartment community located in the Wedgewood submarket of Charlotte, North Carolina. This is...
Class A multihousing community in North New Jersey trades
JLL Capital Markets announced that it has closed the sale of The Union at Lyndhurst (The Union), a 328-unit, Class A, mid-rise multihousing community in Lyndhurst, New Jersey. JLL marketed the property on behalf of...
Cushman & Wakefield arranges sale on behalf of Saban Real Estate
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Forest Village and Woodlake, two student housing/conventional apartment community hybrids totaling 352 units or 704 beds located in...
$53 million acquisition financing secured for Class A multihousing community near Tampa
JLL Capital Markets announced that it has arranged $53 million in acquisition financing for Circa at FishHawk Ranch, a 260-unit, Class A, garden-style multihousing community in the Tampa MSA community of Lithia, Florida. JLL worked...
Multifamily jobs markets see gains in September
The latest Employment Situation Report from the Bureau of Labor Statistics stated that both residential construction jobs and apartment operations jobs were up for the month. Total employment grows slowly for the month The BLS reported...
Prophet Capital sells $88 million note on The Kent House in Williamsburg to Invictus...
JLL Capital Markets announced that it has arranged the sale of an $88 million non-performing loan secured by The Kent House, a new mixed-use building with 96 multihousing units and 31,000 square feet of...
ABI Multifamily brokers 84 of 272 total unit Northeast Phoenix luxury condominium community for...
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $18 million / $214,286 Per Unit / $186.78 Per SF sale of Cordillera Luxury Condominiums,...
Marcus & Millichap brokers $118 million multifamily asset sale in Long Island
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Vistas of Port Jefferson, a 244-unit, age 55-plus multifamily property...
Rent Payment Tracker: October payments down slightly
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 78.4 percent of apartment households made a full or partial rent payment by October 6 in its survey of 11.8 million units of professionally...
NAA analysis finds U.S. households spend 27 percent of income on rent
The National Apartment Association (NAA) has released new research analyzing rent-to-income percentages, which are based on professionally managed residential lease applications screened by TransUnion’s ResidentScreening platform. As the nation continues to grapple with housing...
Newmark announces the sale of 316-unit, luxury multifamily property in Austin’s Hill Country
Newmark announces the sale of Estates at Bee Cave, a 316-unit luxury multifamily asset in suburban Austin. The property is located at 3544 South FM 620 Road in Texas’ Hill Country. Newmark Vice Chairman...
The Praedium Group acquires Lenox Grand Crossing in Houston, Texas
The Praedium Group, a national real estate investment firm, has acquired Lenox Grand Crossing, a newly constructed 330-unit multifamily asset located in Katy, Texas in the Houston MSA. Peter Calatozzo, Principal at The Praedium...
Pillars Awards application window closes soon
Since 1990, the National Association of Homebuilders (NAHB) has sponsored the Pillars of the Industry Awards to recognize excellence in apartment and condominium design and development, interior merchandising and superior property management and marketing....
