Friday, June 6, 2025

News

6254 N. Whipple Street

Interra Realty Brokers $1.8 Million Sale of Value-Add Multifamily Building in Chicago

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.8 million sale of a 16-unit apartment building in Chicago’s West Ridge neighborhood. The transaction equated to $112,500 per unit. Interra...
The Pines at Fullerton

Shopoff Sells Approved Housing Development The Pines at Fullerton to Lennar Homes

Shopoff Realty Investments has sold its recently approved housing development, The Pines at Fullerton, to Lennar Homes. The property includes 9.8 acres located at Euclid and Rosecrans in the city of Fullerton, California. Shopoff...
Oaklyn

Newrock Partners Opens Leasing for Oaklyn, a 274-Unit Apartment Complex Near Fort Lauderdale

Newrock Partners announced that leasing is now open for Oaklyn, the brand-new mid-century modern apartment community located at 3333 N. Federal Highway in Oakland Park, Florida. The project consists of 274 apartment units and over...
The Harlow

Institutional Property Advisors Arranges $63M in Financing for a Historic Conversion in Downtown Oklahoma...

IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients, has arranged $63 million in financing for the redevelopment of two historic Oklahoma City...
NOVEL Harpeth Heights

McShane Adds to Nashville Multi-family Portfolio with Completion of NOVEL Harpeth Heights

Construction is completed at NOVEL Harpeth Heights in Nashville, Tennessee. McShane Construction Company built the 322-unit multi-family community on behalf of repeat client Crescent Communities and their partner, Pearl Street Partners. “We’re pleased to add...
1071 & 1075 Junipero Avenue Long Beach, California

CBRE Completes Sale of Two Multifamily Apartment Communities in Long Beach California

CBRE announced the sale of two multifamily apartment communities totaling 23 units for $7.09 million in Long Beach, California to two separate buyers. In the first transaction, CBRE’s Executive Vice President Dan Blackwell and Senior...
San Antonio, Texas

Capital Square and ITOCHU Corporation Announce Partnership to Acquire Build-for-Rent Community in San Antonio...

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the formation of a joint venture partnership with ITOCHU Corporation to...
Bronx, New York City

HUD Announces Transaction to Transform Over 950 Affordable Rental Homes in The Bronx

The U.S. Department of Housing and Urban Development (HUD) announced that it recently closed a transaction to rehabilitate and preserve 983 affordable rental homes at the New York City Housing Authority’s (NYCHA) Union Avenue...
No.17 Residences

Berkadia Arranges $31.456M Refinance for Neology Life’s No.17 Residences Allapattah in Miami

Berkadia announces it has secured a $31 million loan to refinance No.17 Residences Allapattah, a 192-unit attainable luxury apartment rental building in the Fruit Packing District of Allapattah. The property is situated in Miami’s centrally...
Rob Kukulka

Rob Kukulka Joins TruAmerica Multifamily as Capital Markets Advisor

TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, is growing its capital markets team with the addition of Rob Kukulka, who joins as a Capital Markets Advisor, Middle East, based out of TruAmerica’s Chicago...
multifamily housing construction

Soaring supply flattens rents while demand normalizes

The balance of power in the apartment market has finally shifted, giving renters a lot more options, suggests a Q3 market report from RealPage Analytics. This shift is due to a deluge...
employment growth

BLS reports solid employment growth

The October Employment Situation Report from the Bureau of Labor Statistics stated that employment growth was positive for the month in all 4 multifamily-related job categories we track. In addition, the prior month’s employment...
Glendale BFR

Capital Square Acquires Land for Single-Family Build-For-Rent Community Near Phoenix

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced that the firm has closed on construction financing and the acquisition...
Art House Eleven 21

Interra Realty Brokers $9.2 Million Sale of Mixed-Use Multifamily Building on Chicago’s North Shore

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $9.2 million sale of Art House Eleven 21, a 16-unit, mixed-use apartment building in Wilmette, Illinois. The transaction equated to $576,562...
Stone Brook

Newmark Facilitates Sale and Financing of 376-Unit Multifamily Property in Baytown Texas

Newmark announces it has arranged the sale and financing of Stone Brook, a 376-unit multifamily asset located at 619 Rollingbrook Drive in Baytown, Texas.  Built in 2000, Stone Brook is a garden-style apartment complex that...
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