Home foreclosure starts continue to climb, up 5 percent y/y
Inflation continues to wreak havoc on the American economy according to one important indicator: foreclosures. Foreclosures are rising across the country.
Foreclosure data is compiled into categories: Foreclosure starts and completed foreclosures. Entering and moving...
Class A Livingston New Jersey multihousing development secures $49.7 million construction loan
JLL Capital Markets announced that it arranged a $49.7 million construction loan for Highgate at Livingston (Highgate), a 169-unit, mid-rise, Class A, luxury apartment development located in Livingston, New Jersey.
JLL worked on behalf of...
Avanath Capital Management acquires 120-unit affordable senior housing community in West Sacramento
Avanath Capital Management LLC, a multifamily owner and operator that primarily focuses on affordable and workforce housing, announces that it has acquired Rivers Senior, a 120-unit affordable senior housing community located in West Sacramento,...
NAHB Publication offers inside look into the financial records of remodelers
Remodelers now have a unique opportunity to see how their business stacks up against the competition with a new publication from the National Association of Home Builders (NAHB). NAHB’s publishing arm, BuilderBooks, recently released...
ECI Group acquires 260-unit Longitude 81 Apartments in Estero, Florida
ECI Group (ECI) announces the acquisition of Longitude 81 Apartments, a 260-unit, upscale apartment community at 11221 Everblades Parkway in Estero, Florida. Built in 2016, Longitude 81 encompasses 11, two-story apartment buildings on 17.95...
SFR rent growth rate decline continues
CoreLogic reported that their single-family rent index (SFRI) for April rose 3.7 percent from its year-earlier level. This is down from the 4.3 percent SFR rent growth reported last month. It also marks 12...
Rents fall for first time since 2008
After three years of double-digit increases, apartment rents declined in May for the first time in 15 years according to Rent.com. Now in the ninth month of deceleration, with rent growth averaging less than...
$55.18 million refinancing secured for suburban apartment complex
JLL Capital Markets announced that it has arranged $55.18 million cashout refinancing for The Iris, a 276-unit, garden-style apartment complex in the Denver suburb of Arvada, Colorado.
JLL worked on behalf of the borrower, VareCo,...
$3.65 million sale of historic multihousing community in Duluth, Minnesota closes
JLL Capital Markets announced that it has closed the $3.65 million sale of Irving School Apartments, a historic, 44-unit, 1895-built multihousing community located in Duluth, Minnesota.
High Point Holdings L.L.C. acquired the asset.
Built in 1895,...
CBRE arranges sale of 14-unit multifamily townhome community in Downtown Anaheim, Calif., for $5.9...
CBRE announced the sale of a 14-unit multifamily community in Anaheim, Calif., to a private investor for $5.9 million, marking one of the highest prices per unit sale in the city of Anaheim.
CBRE’s...
Multifamily construction has a great month
The Census Bureau’s new residential construction report for May stated that the number of multifamily permits issued, starts and unit completions were all up for the month, starts significantly so. Starts again outpaced completions...
190-unit value-add multihousing portfolio trades in Silicon Valley
JLL Capital Markets announced that it closed on the sales of three value-add, garden-style multihousing assets in Silicon Valley, including the 72-unit Appletree in Campbell, California, the 68-unit Vista Pointe and 50-unit Cedartree in...
MG Developer appoints Diego Torrealba as senior vice president
MG Developer, a residential developer with headquarters in Coral Gables and currently the most active developer in Hialeah, is pleased to announce that it has named Diego Torrealba as its new Senior Vice President...
Interra Realty brokers $5.45 million sale of Lakeview apartment building in Chicago
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $5.45 million sale of a 10-unit mixed-use apartment building in Chicago’s Lakeview neighborhood near Wrigley Field. The transaction equated to...
JLL secures $38 million construction financing for GroveParc Townhomes in Tampa MSA
JLL Capital Markets announced that it arranged $38 million in construction financing for GroveParc Townhomes, a 190-unit, Class A build-to-rent development located in Wesley Chapel, Florida (Tampa MSA).
JLL worked on behalf of the borrower,...
