RCA: Multifamily property prices higher
A report from Real Capital Analytics (RCA) said that multifamily property prices rose 13.5 percent in the year to July, topping the 12 percent annual increase logged last month. Apartments were again the commercial...
Emergency Rental Assistance funds going out – slowly
A report by the U.S. Department of the Treasury states that, as of the end of July, approximately 24 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations...
Avanath Capital Management acquires 71-unit mixed-use affordable housing and retail community in Berkeley, California
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired Acton Courtyard, a 71-unit mixed-use Affordable housing community with 7,013 square feet of ground-floor retail, located in Berkeley,...
72-unit Timber Court Sells for $16 Million
Timber Court, located at 3400-20 N. Old Arlington Heights Rd. in Arlington Heights, Illinois, has sold for $16 million to a Chicago-based portfolio apartment investor. The 72-unit property was listed for sale by multifamily...
CDC eviction moratorium back at Supreme Court – overturned
Update: On August 26, the Supreme Court lifted the stay on Judge Friedrich's order, meaning that the CDC's eviction moratorium may no longer be imposed nationwide. The vote was 6-3 with Justices Breyer, Sotomayor...
Fannie Mae raises forecast for multifamily housing production
Fannie Mae’s August economic forecast projects lower GDP growth for the rest of 2021, partially offset by higher GDP growth for Q1 2022. Their housing forecast anticipates more multifamily housing starts in 2021 and...
Interra Realty brokers $2.9 million sale of 55-unit mixed-use building in Chicago’s Marquette Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $2.9 million sale of 6710 S. Claremont Ave., a 55-unit mixed-use building in Chicago’s Marquette Park neighborhood that includes six...
C.W. Driver Companies completes $25 million memory care facility for Town & Country Senior...
C.W. Driver Companies, a premier builder serving California for more than 100 years, announced the completion of Grace Gardens, a 50,564 square-foot, two-story memory care facility for Town & Country in Santa Ana that...
Power Hitters with Greg Anderson
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Greg Anderson, SVP of Shea Properties. Transcript: NAHB Power Hitters interview. Linda Hoffman with Greg Anderson, recorded August 5, 2021 (music) Linda Hoffman: Once upon...
ABI Multifamily brokers 208-unit South Glendale multifamily apartment community for $32.85 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $32,850,000 / $157,933 Per Unit / $230.69 Per SF sale of Veranda & Sunflower Apartments,...
Infill multihousing community in Miami’s Little Havana area sells
JLL Capital Markets announced that it has closed the $4.1 million sale of Tecela Little Havana, a 16-unit, newly developed, small-scale, urban, infill multihousing community in the Little Havana neighborhood of Miami, Florida. JLL marketed...
Institutional Property Advisors closes $54 million Greater Phoenix multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Newport, a 204-unit multifamily property in Avondale, Arizona. The asset traded for $54 million, which equates to $264,706 per unit. “Defined...
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...
Cushman & Wakefield arranges $6.82 million sale on behalf of Arch Companies
Cushman & Wakefield announced the commercial real estate services firm has arranged the $6.82 million sale of Meadowbrook, a 60-unit apartment community located in Foley, Alabama. Andrew Brown and Craig Hey of Cushman & Wakefield...
DivcoWest and Blackfin purchase 384-unit Raleigh multifamily community
A partnership between DivcoWest and Blackfin Real Estate Investors has completed the purchase of The Proper, a 384-unit residential community located at 403 Wolf Creek Circle in Raleigh, North Carolina. Built as high-end student...
