CoStar reports rising multifamily property values
CoStar recently released its quarterly report on the change in values of commercial property in the United States. It reported that multifamily property values rose nearly 12 percent over the last 12 months, leading...
Real estate industry strongly opposes the CDC imposing a new federal eviction moratorium
A broad real estate coalition strongly opposes the Centers for Disease Control (CDC) decision to reimpose a federal eviction moratorium. This move takes place despite the fact that the Administration itself noted it lacks...
Trion Properties completes new multifamily development in Central Los Angeles submarket
Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, with joint venture partner Ketter Construction, has announced the completion of Olivia Apartments, a 45-unit luxury...
Katerra’s Tracy assets purchased by VBS
Volumetric Building Companies (VBC), announced that the company has received approval from the United States Bankruptcy Court for the Southern District of Texas (Houston Division) to purchase Katerra, Inc. assets, including the lease and...
TruAmerica buys apartment communities in Nevada, Florida and Utah in transactions totaling $209 million
TruAmerica Multifamily (TruAmerica) has increased its footprint in some of the strongest multifamily markets in the United States after closing last week on garden-style communities in Las Vegas, Nevada; Tampa, Fla.; and Salt Lake...
The Multifamily Group brokers 178 units in Killeen, Texas
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced that it had facilitated Century Oaks Apartments sale in Killeen. Managing Partner Paul Yazbeck represented the seller and Advisor Zach Weik and...
JLL Capital Markets arranged the acquisition financing for Lightner Creek Village Apartments in Durango
JLL Capital Markets announced that it has arranged $4.95 million in acquisition financing for Lightner Creek Village Apartments, a 35-unit multihousing community in Durango, Colorado. JLL worked on behalf of the borrower, Trailbreak Partners, to...
Cushman & Wakefield represents Chandler Residential in Metro Atlanta multifamily sale
Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Shadow Ridge, a 294-unit apartment community in Riverdale, Georgia. Mike Kemether, Travis Presnell and James Wilber of Cushman & Wakefield...
Tower 16 Capital Partners acquires a two-property, 504-unit multifamily portfolio in the Inland Empire...
San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 504 units in Moreno Valley, Calif., for $107.2 million. The Sienna Pointe Apartments project consists of 384 units built in...
CDC issues new eviction ban extension
On August 3, the CDC issued a new extension to its moratorium on evictions. The latest extension is scheduled to run until October 3, 2021. While, the CDC had said that it expected that...
Institutional Property Advisors brokers $63 million newly constructed luxury apartment complex sale in Windsor...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Preserve at Great Pond, a newly constructed, 230-unit luxury apartment complex in Windsor, Connecticut. The property sold for $63 million. “The...
ABI Multifamily brokers $100+ million, 330-unit, North Scottsdale luxury apartment community
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $104,500,000 / $316,667 Per Unit / $400.24 Per SF sale of Sky Ancala Apartments in...
Cushman & Wakefield arranges sale on behalf of Toll Brothers Apartment Living
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Osprey, a 320-unit apartment community located in Atlanta. Robert Stickel, Alex Brown and Ashlyn Warren of Cushman & Wakefield...
Cushman & Wakefield arranges sale of student housing planned for conversion to conventional apartments
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Alden, a 176-unit, 528-bed student housing apartment community located in Birmingham, Alabama. Travis Prince, Shawn Lubic and Victoria...
Cushman & Wakefield arranges $7.1 million sale on behalf of Morrison Avenue Capital Partners
Cushman & Wakefield announced that the commercial real estate services firm has arranged the $7.1 million sale of Timberchase, a 94-unit apartment community located in Birmingham, Alabama. Craig Hey and Parker Caldwell of Cushman &...
