Cushman & Wakefield arranges sale on behalf of Hawthorne Residential Partners
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of two apartment communities totaling 236 units located in Wilmington, North Carolina. Watson Bryant, Paul Marley and Hunter Bowling of...
Cushman & Wakefield arranges multifamily sale in Charlotte, North Carolina
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Brookson Resident Flats, a 296-unit apartment community located in Charlotte, North Carolina. Jordan McCarley, Marc Robinson and Brooks Colquitt...
Stepp Commercial completes $6.4 million sale of a 29-unit apartment property in Sylmar, California
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.4 million sale of Astoria Oaks, a 29-unit apartment property located at 13983 Astoria Street in Sylmar, California. Stepp Commercial’s...
Supreme Court keeps CDC eviction moratorium in place
The U.S. Supreme Court has declined to act to set aside the CDC’s eviction ban. The ban is currently scheduled to expire July 31, 2021 but it has been repeatedly extended in the past...
120-unit LIHTC housing complex sells for $8.8 million outside Chicago
Affordable HousingInvestment Brokerage Inc. (AHIB) recently sold a 120-unit independent senior living community in Lyons, Illinois for $8,800,000. Managing Director Kyle Shoemaker represented the seller, Barron Development LLC, and buyer, New Frontier Companies, to...
Kidder Mathews sells South Lake Union apartment development site for $10.25 million
A prime South Lake Union apartment development site sold for $10.25 million in a transaction structured by Kidder Mathews. It is located at 1405 Dexter Avenue North in Seattle, Washington. Dylan Simon, Jerrid Anderson, and...
Cushman & Wakefield arranges $40.5 million sale of Barrington on the Green
Cushman & Wakefield announced that the commercial real estate services firm has arranged the $40.5 million sale of Barrington on the Green, a 342-unit apartment community located in Hoover, Alabama. Jimmy Adams and Craig Hey...
FCP acquires Wyndcliff Apartments in Atlanta
FCP announces the acquisition of Wyndcliff Apartments, a 380-unit apartment community in Smyrna, GA. The acquisition marks FCP’s 20th investment in Atlanta. “This acquisition expands FCP’s presence in Atlanta and complements our existing portfolio,” said FCP’s...
Tower 16 Capital Partners announces the sale of IVilla Garden Apartments for $30 million...
Tower 16 Capital Partners has sold IVilla Garden Apartments, a 214-unit multifamily project in Phoenix, for $30 million. The property was purchased by Tower 16 in February 2020 for $15.1 million in an off-market...
CoStar reports steady rise in multifamily property prices
A recent report from CoStar indicates that the remarkably steady rise in multifamily property prices that has taken place over the last two years continued in May. CCRSI defined The CoStar report focuses on a relative...
HUD seeks to revive Obama-era disparate impact rule
On Friday June 25, the Department of Housing and Urban Development (HUD) announced that they have published a notice of proposed rulemaking (NPRM) on disparate impact entitled “Restoring HUD’s Discriminatory Effects Standard”. The objective of...
IMG acquires third San Antonio area apartment community in 2021
Investors Management Group (IMG), a California-based real estate investment and asset management firm, has acquired Heights at Converse, a 200-unit apartment community built in 2015 and located at 7855 Kitty Hawk Drive in Converse,...
Foulger-Pratt to develop 343-unit apartment community in Bethesda, Maryland
Foulger-Pratt based in Potomac, Md. will develop The Rae at Westlake at 10401 Motor City Drive adjacent to Westfield Montgomery Mall in Bethesda, Md. The five-story, 343-unit building will include 299 market-rate and 44...
Luxury Orlando-area apartment community sells
JLL Capital Markets announced that it has closed the sale of The Q at Maitland, a 129-unit luxury apartment community in Maitland, Florida, in the Orlando area. JLL marketed the property on behalf of the...
Franklin Street arranges $56 million sale of 517-unit St. Petersburg, Florida multifamily community
Franklin Street has arranged the sale of Osprey Pointe Apartments, a 517-unit, garden-style multifamily community in St. Petersburg, Florida, for $56 million, or $108,317 per unit. Franklin Street’s Tampa-based Multifamily Investment Sales Team of Darron Kattan, Zach...
