$16.96 million equity raise secured for Arkansas student housing community
JLL Capital Markets announced that it has arranged $16.96 million in joint venture equity for Ozark Villas, a 670-bed student housing community serving the University of Arkansas (U of A) in Fayetteville, Arkansas. JLL worked...
CBRE arranges sale of Washington Crossing multifamily community in Woburn, Massachusetts
CBRE announced that it has arranged the sale of the leasehold interest of Washington Crossing, a Class A multifamily community located at 55 Cedar Street in Woburn, MA. CBRE Capital Markets’ multi-housing experts Simon Butler,...
Infographic: Flying post pan
It’s inevitable. Trade show organizers are revving their engines, ready to roar back. Maybe you’ve already dared jump on a plane to wait out the pandemic with family or because you needed a break from...
Infographic: The world through a single lens
Facebook says we don’t like this, and Twitter says we don’t like attacks on Hunter Biden. Once you act as a publisher, you’re a publisher. You can be sued because you’re a publisher. They...
Institutional Property Advisors closes two-property $90.2 million multifamily portfolio sale in Southern Arizona
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property multifamily portfolio in Tucson, Arizona. The properties are Equestrian, a 288-unit complex that sold for $47.7 million, or...
Fannie Mae advances market readiness for new index rate
Fannie Mae highlighted the achievement of key milestones, as it continues advancing the mortgage market's readiness for the anticipated future cessation of LIBOR. Through external engagement, including participation on the Alternative Reference Rates Committee (ARRC) and...
Luxury Connecticut multihousing building sold for $53 million
JLL Capital Markets announced that it has closed the $53 million sale of The Sheffield SoNo, a 136-unit, luxury, transit-oriented apartment building with ground-floor office space located along the waterfront in Norwalk, Connecticut. JLL marketed...
American Landmark adds Jacksonville apartments to portfolio
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired Deerwood Park, a 282-unit multifamily community in Jacksonville. The property will be renamed Eddison at Deerwood Park and will undergo...
NYC rent declines surpass those of the great recession
New York City rents have fallen more this year than they did during the Great Recession, according to StreetEasy's November 2020 Market Reports. Driven by the Covid-19 pandemic, Manhattan rents dropped the most out of the three boroughs...
CBRE arranges sale of Mill Falls Apartments in Methuen, Massachusetts for $13.8 million
CBRE announced today that it has arranged for the sale of Mill Falls Apartments in Methuen, Massachusetts for $13.8 million. CBRE Capital Markets’ multi-housing experts Simon Butler, Biria St. John and John McLaughlin exclusively represented...
SB Real Estate Partners acquires Casa Anita Apartments in Phoenix’s West Valley for $35.3...
SB Real Estate Partners (SBREP) has announced the purchase of Casa Anita Apartments—a 224-unit multifamily community located in the West Valley submarket of Phoenix—for $35.3 million. The property had previously been under private ownership...
Oasis-inspired NOVEL Research Park apartments sold for $69.5 million
JLL Capital Markets announced that it has closed the $69.5 million sale of the luxury, garden-style NOVEL Research Park, by Crescent Communities, a multihousing community within University Research Park in Charlotte, North Carolina. JLL marketed...
RPH Multifamily Group of Marcus & Millichap sells the Edge at 401 in Tallahassee...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Edge at 401, a 47-unit apartment property located in Tallahassee,...
Most new multifamily mortgage debt supplied by GSEs in Q3
A Mortgage Bankers Association (MBA) report on the level of outstanding commercial and multifamily mortgage debt shows that the GSE's increased their already dominant share of this debt in Q3. The MBA reported that multifamily...
MassHousing closes on $26.4 million in financing for the refinancing and substantial renovation of...
MassHousing has closed on $26.4 million in affordable housing financing to the non-profit Affordable Housing and Services Collaborative, Inc., to support the refinancing and major rehabilitation of the 248-unit Powdermill Village in Westfield. Powdermill Village...
