Knighthead Funding LLC provides $20.9 million for multifamily Community in Tacoma, Washington
Knighthead Funding LLC has provided a $20.9 million loan for the construction of an eight-story, 115-unit multifamily building in Tacoma WA. The Sponsor is a single purpose entity formed by three local investors who have...
Beachwold Residential secures first supplemental loan for Ariel Springs
JLL Capital Markets announced it secured a $15.85 million financing for Ariel Springs, a garden-style, multihousing property located in Spring Hill, Florida, about 50 miles north of Downtown Tampa. JLL represented the borrower, Beachwold Residential,...
Job openings set a record in April
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for April. In addition to setting a series record for the highest number of job opening, this report also saw...
Stepp Commercial completes $4.455 million sale of 20-unit apartment property in Long Beach, California
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.455 million sale of a 20-unit apartment property located at 1000 Redondo Avenue in the Eastside submarket of Long...
New NMHC construction survey finds record construction costs and increasing delays
A record 83 percent of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the seventh edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey. Of this group,...
Gebroe-Hammer’s David Oropeza arranges $14.95 million East Orange portfolio sale
In East Orange, where transportation and connectivity are at the crux of the city’s urban revival, a 113-unit, three-property multifamily portfolio has traded for $14.95M in a sale orchestrated by Gebroe-Hammer Associates. Executive Managing...
Multifamily jobs markets mixed in May
The latest Employment Situation Report from the Bureau of Labor Statistics shows that jobs categories of interest to builders and operators of multifamily housing had a mixed performance in May. Total employment growth picks up The...
American Landmark acquires brand new suburban apartments near Charleston, South Carolina
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired The Mason, a 264-unit apartment community located in Ladson, South Carolina, roughly 30 minutes north of Charleston. The...
LYND acquires Miami apartment asset for over $40 million
LYND continues its robust investment activity in South Florida with the acquisition of a 234-unit garden-style apartment community in Miami. The Texas-based multifamily investor, developer and operator paid $40.8 million for the Parc Place...
Old Three Hundred Capital secures $61.4 million in financing for the acquisition of the...
JLL Capital Markets announced it arranged a total of $61.4 million in acquisition financing for Muir Lake Apartments, a multihousing property located in Cedar Park, near Austin, Texas. JLL worked on behalf of the borrower,...
212-unit apartment property sale in Dallas-Fort Worth brokered by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Basswood Manor, a 212-unit multifamily property in Lewisville, Texas. “Built in 1970,...
Capitalization secured for The Willow, a new multihousing project in Dallas, Texas
JLL Capital Markets announced it closed on the capitalization of The Willow, a 190-unit multihousing development located in the rapidly growing Deep Ellum micromarket of Dallas, Texas, on behalf of the developer, Larkspur Capital...
Fewer pay rent by June 6 than did last year
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 77.0 percent of apartment households made a full or partial rent payment by June 6 in its survey of 11.7 million units of professionally...
$53.16 million acquisition financing secured for apartments near Myrtle Beach
JLL Capital Markets announced it arranged a $53.16 million, 71 percent LTC, acquisition financing for the Harrington Village Apartments, a multihousing property located in Leland, North Carolina, part of the Wilmington, North Carolina metropolitan...
Cushman & Wakefield arranges $6.09 million sale on behalf of Legacy Partners
Cushman & Wakefield announced that the commercial real estate services firm has arranged the $6.09 million sale of Legacy at River Run, a 70-unit apartment community located in Wetumpka, Alabama. Craig Hey, Parker Caldwell and...
