Cushman & Wakefield arranges $67.5 million sale of 747-unit portfolio on behalf of Blue...
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of four multifamily properties totaling 747 units in Alabama and Georgia. The final sale price was $67.5 million. Craig Hey,...
Mike Watts joins CBRE to lead investor leasing in Americas
CBRE announced that Mike Watts, a veteran of more than 25 years in commercial real estate, has joined the company as President, Investor Leasing in the Americas. Watts, based in Chicago, will start at CBRE...
Multifamily property prices see gains in Q1
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property prices rose in the year to March. Defining the indices The CoStar report focuses on a relative measure of property prices called...
Sale and financing completed for Forum Fitzsimons in CO
JLL Capital Markets announced it closed the sale and arranged acquisition financing for Forum Fitzsimons, a 397-unit multihousing property located in Aurora, Colorado. JLL represented the seller, a partnership between Sightway Capital, Catalina Development and...
Trez Capital funds $12 million construction loan for Atlanta-area townhome development
Trez Capital, a private real estate lender helping to create quality projects across North America, provided a $12 million loan to fund development and construction of a new luxury townhome rental community in suburban...
Affordable housing community in Chicago suburb sold for $93.5 million
JLL Capital Markets announced it has closed the $93.5 million sale and arranged a $60.825 million acquisition financing for the Riverstone Apartments, an affordable housing community located in Bolingbrook, Illinois, a southwest Chicago suburb. JLL...
The Multifamily Group brokers 73 units in Shreveport
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Grand Oaks' sale in Shreveport. Managing Director Evan Burke represented the seller and procured the buyer. "Northern Louisiana...
Cushman & Wakefield arranges sale on behalf of White Oak Partners
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Carrington Chase and Carrington Court, two apartment communities located in Atlanta’s Gwinnett County, one of the fastest growing...
NMHC and NAA statement on President Biden’s address to Congress
Statement from the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) on President Biden’s address to the joint session of Congress. NMHC and NAA applaud President Biden, his administration and lawmakers in...
HUD to resume public multifamily housing inspections in June
On Friday, April 23, U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced that HUD will substantially increase housing inspections, beginning on June 1, 2021. HUD’s inspections are instrumental in identifying...
Institutional Property Advisors negotiates 354-unit multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Latitude 28, a 354-unit multifamily asset located in Altamonte Springs, a suburb of Orlando, Florida. The property sold for $54.75...
The Multifamily Group brokers 79 units in Albuquerque
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Uptown Horizon's sale in Albuquerque. Managing Partner Paul Yazbeck represented the seller and procured the buyer. "Uptown Horizon...
American Landmark acquires 240-unit multifamily community north of Houston
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Pine Creek Ranch, a 240-unit multifamily community in The Woodlands community just north of Houston. The property will...
Central Phoenix apartment complex sale brokered by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana on 12th, a 252-unit multifamily asset in Phoenix, Arizona. The property sold for $54.5 million, which represents $216,270 per...
Northern California multifamily sale completed by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Mira Vista Hills, a 280-unit apartment community in Antioch, California. IPA’s Salvatore Saglimbeni, Stanford Jones, Philip Saglimbeni, and Alex Tartaglia...
