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...
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...
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...
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...
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...
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...
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...
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...
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 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...
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...
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...
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...
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...
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...