News

PCCP, LLC announced that it has provided a $29 million construction loan to Rockworth Companies for the development of TwentyOnes, a 108-unit urban infill multifamily project with 20,500 square feet (sf) of ground floor...

Camino Verde Group, a Las Vegas-based real estate investment, development and asset management company, has acquired Camino 2630 Apartments in Midtown Las Vegas. The community, located at 2630 Sherwood Street, is the fifth vintage...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Summit at Landry Way, a 224-unit multifamily asset in Fort Worth, Texas. “The property gives the buyer, Jay Duarah of Aspen...

California-based Bolour Associates Inc. (BOLOUR), a privately-owned real estate investment, development and finance company, has acquired the Northeast Pines apartment community in Humble, Texas for $9.62 million. The company will invest more than $1...

ECI Group, an Atlanta-based, privately owned, multifamily owner and developer, announces that Tim Johnson, an experienced hospitality industry executive, will join the company as Vice President of Resident Experience. In this role, Johnson will...

The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for May. Although last month’s report set a series record for the highest number of job opening, job...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of District Flats Off Dobson, a 112-unit apartment property in Mesa, Arizona. The $18.2 million sales price equates to $162,500 per...

The latest rent report from Apartment List shows strongly positive rent growth for the country as-a-whole. In addition, rents were up for the month in all of the 50 largest metro areas. Rents jump in...

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of River Pointe Apartment Homes, a 212-unit apartment community located in Tampa, Florida. The final sale price was $27.5...

Mesa West Capital continues its wave of multifamily origination activity funding $187.5 million in first mortgage debt secured by communities in Chicago, Illinois; Phoenix, Ariz. and Portland, Oregon. In the largest of the three separate...

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Station at Town Madison, a 274-unit apartment community located in Huntsville, Alabama. Jimmy Adams and Craig Hey of...

FCP announces the sale of Tree Top Apartments in Raleigh, NC for $31.5 million. The 206-unit apartment community was acquired by FCP in October 2013 for $10.5 million. The community was 97.1 percent occupied at...

Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in value-add multifamily investments, has announced the acquisition of The Russell Apartments, a 68-unit multifamily community in...

Berkadia announces it has arranged bridge financing for the acquisition of Lotus Village, a 222-unit apartment community in Austin, Texas. Managing Director Brad Williamson of Berkadia Miami secured the financing on behalf of a...

Peter Ballon, global head of real estate for CPP Investments, has been appointed as the new global chair of the Urban Land Institute (ULI). Ballon will serve on a voluntary basis for a two-year...