Beachwold Residential acquires Alvista Willow Brook in CT, financing secured
JLL Capital Markets announced it arranged a $28.5 million acquisition financing for Alvista Willow Brook, a 180-unit multihousing property located in Meriden, Connecticut, that will now go by the name The Arlo. JLL represented the...
Jay Wilson joins Standard Communities as Director of East Coast Asset Management
Standard Communities, the affordable housing division of Standard Companies, has named Jay Wilson the Director of East Coast Asset Management, based in Washington, D.C. Standard also announced four additional new appointments, continuing a significant staff...
Tower 16 Capital Partners acquires a two-property, 214-unit multifamily portfolio in the Inland Empire...
San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 214 units in Colton, Calif., for $41 million. The 1333 Canyon project consists of 104 units built in 1986 while...
$82.57 million construction financing secured for multihousing property in Columbia, Maryland
JLL Capital Markets announced it secured a $82.57 million construction loan for development of the Marlow apartments, a 472-unit community with 32,340 square feet of ground-floor retail located in downtown Columbia, Maryland. JLL worked on...
Multifamily mortgage originations down year-over-year in Q1
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages were down in Q1 compared to the same quarter in 2020. Multifamily mortgage lending down The first chart, below, shows the quarterly...
Job openings up in March
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for March. It shows that the labor market rebounded from a rocky February to return to job growth. Defining...
5-property seniors housing portfolio in Southeast Florida purchased for $64 million
JLL Capital Markets announced it has closed the $64 million sale of a five-property seniors housing portfolio with properties located throughout Southeast Florida. JLL represented an undisclosed seller to complete the sale to the buyer,...
JLL Capital Markets adds debt industry veteran Tony Nargi to its Denver office
JLL Capital Markets announced that it has added Tony Nargi as a Managing Director within its multihousing debt and equity placement team in Denver, Colorado. Nargi has 15 years of real estate experience and...
Stepp Commercial completes $2.17 million sale of a vacant 9-unit apartment property in Los...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.17 million sale of Slauson Manor Apartments, a 9-unit apartment property located at 2204 W. Slauson Avenue in Los...
North Ft. Myers apartments sold at a record high price per unit
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Frankie Court Apartments, a 17-unit apartment property located in North Fort...
Rents jump in April
The latest rent reports from Yardi Matrix and Apartment List show strongly positive rent growth for the country as-a-whole in April. Rents up strongly Yardi Matrix reported that the national average apartment rent rose $10 in...
Marcus & Millichap Capital Corporation arranges $24.5 million non-recourse cash-out refinance
Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions has arranged a $24.48 million non-recourse loan to provide cash-out and refinance a 207-unit multifamily property in...
Cushman & Wakefield arranges sale on behalf of Elevation Financial Group
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Serenity at Huntsville, a 231-unit apartment community located in Huntsville, Alabama. Craig Hey and Parker Caldwell of Cushman &...
Jobs market growth disappoints in April
The latest Employment Situation Report from the Bureau of Labor Statistics shows that jobs categories of interest to builders and operators of multifamily housing eked out employment gains in April. Growth in total employment slows The...
Newly built, luxury apartments in Portland purchased
JLL Capital Markets announced it closed the sale of Northpointe, a 158-unit luxury multihousing property located in Portland, Oregon. JLL represented the seller, a partnership between Fore Property Company and Principal Real Estate Investors, to...
