Cushman & Wakefield arranges $17.8 million sale on behalf of SB Pacific Group
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of City Heights Homewood, a 278-unit apartment community located in Homewood, Alabama. The final sale price was $17.8 million. Andrew...
Rent delinquencies continue to fall in May Pulse survey
The week 29 release of the Census Bureau’s Pulse Survey shows that the portion of renters who are current on their rent payments is up since we last reported on the survey results. What is...
Multifamily construction sentiment improves in first quarter of 2021
Confidence in the market for new multifamily housing increased in the first quarter of 2021, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces...
The Fletcher Southlands in affluent Aurora, Colorado sold
JLL Capital Markets announced it closed the sale of The Fletcher Southlands, a 320-unit multihousing property located in the desirable, affluent Aurora, Colorado. JLL represented the seller, a partnership between Origin Investments and Aegon Real...
Investor home purchases rise for first time in a year as U.S. economy bounces...
U.S. home purchases by investors rose 2.7 percent year over year in the first quarter, marking the first period of growth since the coronavirus pandemic began, according to a new report from Redfin, the...
Multifamily housing construction continues strong in April
The Census Bureau released its monthly new residential construction report for April 2021. It reported that permits, starts and completions all remained at high levels. Multifamily housing construction permits remain strong The number of permits issued...
Oklahoma City multihousing portfolio totaling 512 units sold
JLL Capital Markets announced it closed the sale of a three-property portfolio totaling 512 units located throughout the Oklahoma City area in Oklahoma. JLL represented the seller, Security Properties, to complete the sale to the...
Townhomes in Cottage Grove, MN purchased
JLL Capital Markets announced it closed the sale and arranged new agency financing for the Cottages of Cottage Grove, a 59-unit multihousing community located in Cottage Grove, Minnesota. JLL represented the seller, SWS Properties, LLC,...
Berkadia arranges sale and financing of Arbour Court Apartments in Seattle
Berkadia announces it has arranged the sale and financing of Arbour Court, a 75-unit garden-style apartment community located in Burien, a suburb of Seattle, Wash. The property traded for $19.1 million. Senior Managing Director Kenny...
Cushman & Wakefield arranges $64.75 million sale on behalf of Passco Companies
Cushman & Wakefield announced that the commercial real estate services firm has arranged the $64.75 million sale of Twenty25 Barrett, a 238-unit apartment community located in Kennesaw, Georgia, a suburb northwest of Atlanta. Mike Kemether,...
Il Palazzo in heart of Little Italy, San Diego purchased for $45.3 million
JLL Capital Markets announced it closed the $45.3 million sale and arranged a $27 million acquisition financing for Il Palazzo, a 108-unit multihousing community located in the heart of Little Italy, San Diego, California. JLL...
Magma Equities purchases Richmond Hills, a 1970s vintage apartment community for value-add in Raleigh,...
JLL Capital Markets announced it closed a $6.2 million sale of 51 existing multihousing units in the Richmond Hills multihousing community located at 2251 Charles Dr. in Raleigh, North Carolina. JLL represented the seller, EYC...
NMHC and NAA statement on the introduction of the Yes in My Backyard (YIMBY)...
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on the introduction of the Yes in My Backyard (YIMBY) Act: NMHC and NAA are pleased to see the introduction of the...
Construction materials prices higher again in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April 2021. It showed that construction materials prices were up 2.1 percent in the month, seasonally adjusted. The construction materials price...
Comunidad Partners acquires 206-unit affordable multifamily asset in East Fort Worth, Texas
Comunidad Partners, a minority and women-owned real estate investment firm that specializes in workforce / affordable housing communities in culturally diverse neighborhoods, has recently acquired Metro 7000, a 206-unit affordable housing community in Fort...
