Marcus & Millichap Facilitates $4.2 Million Sale of Three-Story Apartment Building
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of River Del Mar, a three-story, 24-unit apartment building in North...
The Milestone Group Announces Acquisition of The Weathersby Apartments in Charlotte, North Carolina
The Milestone Group announces its acquisition of The Weathersby Apartments, a 180-unit, fully renovated, market-rate multifamily community at 8415 University Station Circle in Charlotte, NC. The purchase price was not disclosed.
“We are excited to add...
Yardi Matrix reports rent growth rate falls again in August
Yardi Matrix reported that national average apartment rent growth was $1 in August, compared to the revised rent level of the month before. The average rent reached $1,728 per month.
Rent growth rate continues its...
SPI Advisory Acquires 244-Unit Apartment Community South of Austin, Texas
SPI Advisory finalized the acquisition of Parkview Terraces (formerly known as “Cortland Southpark Terraces”), a newly-renovated 244-unit, Class-A institutional-quality apartment community built in 2009 less than five miles from Austin’s bustling South Congress entertainment...
Marcus & Millichap Arranges the $6.6 Million Sale of a New Haven Three-Property Multifamily...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 91, 95 and 97 Howe Street, a 44-unit contiguous apartment...
McShane Construction Company Completes Construction of Hackney House Apartment Complex in Oconomowoc, Wisconsin
McShane Construction Company is pleased to announce the completion of Hackney House Apartments, a 302-unit multifamily development located in Oconomowoc, Wisconsin.
The project, which features 20 garden-style and townhome buildings, was built for repeat client...
The Mogharebi Group Completes $31.25 Million Sale of 138-Unit Apartment Community in Whittier California
The Mogharebi Group (TMG) has arranged the $31.25 million sale of Citrus Court, 138-unit apartment community in Whittier, CA.
The garden style community located at 8121 Broadway Avenue is encumbered by a 99-year ground lease...
Phoenix Multi-Housing Project Secures $62.625m in Financing
JLL Capital Markets announced today that it has secured $62.625 million in construction financing for Meritum Sonoran Desert, a 348-unit, garden-style multi-housing development in Phoenix, Arizona.
JLL worked on behalf of the borrower, IDM Companies,...
Multifamily CMBS delinquency rate holds steady in August
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans was effectively unchanged in August, moving up 1 basis point. The delinquency rate for the overall CMBS market fell for the first...
Employment said to grow as prior month’s levels revised lower
The Employment Situation Report from the Bureau of Labor Statistics stated that employment was up for the month in only 2 of the 4 multifamily-related job categories we track despite downward revisions to the...
Residential construction spending still rising
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in July was up 0.2 percent month-over-month. Spending on single-family residential construction rose 2.8 percent while...
SageHome Acquires Colorado Living, Accelerating its Growth and Reach
SageHome, the aging-in-place specialist, is pleased to announce its acquisition of Colorado Living LLC, underlining its position as the largest provider of aging-in-place bath remodeling services in the United States. This acquisition extends SageHome’s...
EPA announces new WOTUS rule
On August 29 EPA issued a revised final rule updating their definition of “waters of the United States” (WOTUS). The revision was made in response to the Supreme Court’s May decision in the case...
GREA Announces $11.4M Atlanta Multifamily Sale
GREA has announced the $11.4 million sale of Westside Crossing in Atlanta. GREA represented the seller, Greenleaf Partners, who sold the asset to Zavala Capital. Taylor Brown, Chandler Brown and Mack Leath of GREA...
Tina Hahn Joins BRIDGE Housing as Vice President of Strategic Projects
BRIDGE is a leading nonprofit developer, owner, and manager of affordable housing on the West Coast.
In this new role, Ms. Hahn will oversee strategic project initiatives, from development through successful execution, in accordance with...
