NAA seeks monetary damages from unlawful eviction moratorium
The National Apartment Association (NAA) filed a lawsuit in the U.S. Court of Federal Claims to recover damages on behalf of rental housing providers who have suffered severe economic losses under the U.S. Centers...
Levin Johnston directs acquisitions of two Bay Area properties totaling $30.8 million on behalf...
Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has announced the successful completion of two multifamily acquisitions...
American Landmark Apartments acquires 325-unit Class A community in Dallas-Fort Worth
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Elan River District, a 325-unit multifamily community located in Fort Worth, Texas. The property will receive $744,000 in...
Scenic, amenitized senior living property sold in Clearwater
JLL Capital Markets announced that it closed the sale of The Preserve at Clearwater, an assisted living and memory care property located in Clearwater, Florida. JLL represented the seller, a joint venture between Solera Senior...
RCA: Multifamily property prices up
A report from Real Capital Analytics (RCA) said that multifamily property prices rose 12 percent in the year to June, topping the rates of price growth for the other commercial property types they track....
ABI Multifamily brokers East Phoenix 155-unit multifamily apartment community for $34.275 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $34,275,000 / $221,129 Per Unit / $354.10 Per SF sale of Tides on 50th Apartments,...
Haven Realty Capital adds 260 homes to BTR portfolio with acquisitions in Atlanta and...
Haven Realty Capital has added three new dedicated rental communities to its institutional single-family rental (SFR) and build-to-rent (BTR) portfolio with the acquisition of housing developments currently under construction in Atlanta and Charlotte. The...
New multihousing community near Madison sells
JLL Capital Markets announced that it has closed the sale of and arranged $28.275 million in acquisition financing for 1 Glenn Place, a 191-unit, multihousing community in the suburban Madison community of Fitchburg, Wisconsin. JLL...
Commercial finance veteran Suzanne Weiss joins Draper and Kramer as senior vice president
Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce it has named Suzanne Weiss as senior vice president, commercial mortgage servicing, for its Commercial Finance Group. An industry veteran...
$43 million refinancing arranged for BELA in Jersey City
JLL Capital Markets announced that it has arranged a $43 million bridge loan for BELA, a newly constructed, 104-unit, luxury multihousing community in the growing Bergen-Lafayette neighborhood of Jersey City, New Jersey. JLL represented the...
California spends big on housing
Governor Newsom of California recently signed AB 140 into law. This bill is a trailer to the 2021-21 California State Budget and funds ambitious housing and homelessness prevention programs in the state. It allocates...
Institutional Property Advisors arranges boutique apartment asset sale in the Northwest Valley area of...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Strayhorse Arrowhead Ranch, a 136-unit apartment property in the Arrowhead Ranch master-planned community of Glendale, Arizona. The $45 million sales...
Power Hitters with Michelle Foster
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Michelle Foster, VP, Sustainability, Home Innovation Research Labs. Transcript: NAHB Power Hitters interview. Linda Hoffman with Michelle Foster, recorded July 8, 2021 (music) Linda Hoffman:...
New multihousing community near Minneapolis sells for $59 million
JLL Capital Markets announced that it has closed the $59 million sale of and arranged $44.25 million in acquisition financing for The Cielo Apartments, a 269-unit, multihousing community in the Minneapolis suburb of Fridley,...
Institutional Property Advisors negotiates $88.8 million multifamily sale in West Valley in Greater Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parc Roundtree Ranch, a 275-unit, newly constructed multifamily asset in Peoria, Arizona. The property sold for $88.8 million, or $322,909 per...