Jim Humphries joins JLL Capital Markets’ SFR team
JLL Capital Markets announced that Jim Humphries has joined the firm’s Single-Family Rental (SFR) team as a Director sitting in the Houston office.
Humphries will focus on SFR and build-to-rent (BTR) investment sales nationally and will...
Griffith Pepdjonovic Group of Marcus & Millichap brokers the $2.3 million sale of suburban...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 15-unit multifamily property located in Stoneham, Massachusetts. The 7,084-square-foot asset...
Cushman & Wakefield arranges sale of Uptown Terrace
Cushman & Wakefield has arranged the sale of Uptown Terrace, a 260-unit multifamily community located in Rogers, Arkansas. Martin Bynum and Craig Hey of Cushman & Wakefield represented the seller, SC Bodner Company, Inc....
$47 million financing arranged for newly built St. Louis apartment building
JLL Capital Markets announced that it has arranged a $47 million loan to refinance Marlowe, a newly built, 205-unit, Class A multihousing community located in the Central West End neighborhood of St. Louis, Missouri.
JLL...
Multifamily CMBS delinquencies rise again in July
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher in July. The delinquency rate for the overall CMBS market also rose, with only industrial properties seeing delinquency rates...
$47 million financing arranged for newly built St. Louis apartment building
JLL Capital Markets announced that it has arranged a $47 million loan to refinance Marlowe, a newly built, 205-unit, Class A multihousing community located in the Central West End neighborhood of St. Louis, Missouri.
JLL...
Marcus & Millichap announces the sale and financing of a Fort Lauderdale multifamily property
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 33-unit apartment property located in Fort Lauderdale, Florida. The 25,853-square-foot...
Stepp Commercial Group completes $2.65 million sale of an 8-unit apartment property in Long...
Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.65 million sale of an eight-unit multifamily property located at 1206 Gladys Avenue in Long Beach, Calif.
Robert Stepp,...
Employment growth slows in July
The Employment Situation Report from the Bureau of Labor Statistics stated that employment rose in only one of the two categories of residential construction employment and in only one of the two categories of...
Trion Properties grows portfolio with $41.1 million multifamily acquisition in Aurora, Colorado
Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, announces the acquisition of Trailpoint on Highline, a 198-unit multifamily asset in Aurora, Colorado.
“We...
Institutional Property Advisors closes $61 million multifamily asset sale in Greater Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana Encanto, a 286-unit attainable housing asset in Goodyear, Arizona. The $61 million sale price represents $213,287 per unit and $354 per square...
Number of renter households reaches all-time high
The Census Bureau released its quarterly report on home ownership and occupancy for Q2. It stated that the national rental housing vacancy rate was 6.3 percent, down from a level of 6.4 percent in...
MBA forecast: Higher rates, uncertainty to slow commercial/multifamily lending in 2023
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $504 billion this year, which is a 38 percent decline from 2022’s total of $816 billion. This is according to an...
Capital Square fully subscribes DST offering of multifamily build-for-rent community near Raleigh, North Carolina
Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today that its offering, CS1031 Ashford Townes BFR Housing, DST, has been fully...
JLL arranges $375 million in financing for generational mixed-use property in San Diego
JLL announced that it has arranged an eleven-year, non-recourse secured loan for $375 million, provided by New York Life Insurance Company and on behalf of Kilroy Realty Corporation.
One Paseo is a world-class, mixed-use campus...
