Rate Desk Wednesday, September 2, 2020
September 2, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Relationships of leverage to risk; probability of loss vs loss given default and which carries more risk. Rate Desk notes September 2,...
The Babb Group of Marcus & Millichap arranges the sale of 12-unit boutique apartment...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of San Marco Village, a 12-unit apartment property located in Venice, FL,...
Merchants Capital secures $14+ million new financing for West Pointe Commons
Mortgage banking company Merchants Capital announces that it has secured more than $14 million in new financing for West Pointe Commons, a 141-unit townhome community in southwest Sioux Falls, South Dakota. The project is financed...
Industry associations respond to CDC’s Rental Eviction Moratorium
The Centers for Disease Control and Prevention implemented a temporary eviction moratorium through the end of the year, protecting U.S. renters from losing their homes during the COVID-19 pandemic, the Trump administration announced September...
Mountain View Capital acquires Volta at Voyager in Colorado Springs for $52.6 million
JLL Capital Markets announced that it has arranged the $52.6 million property sale and $37.556 million financing of the Volta at Voyager multihousing community located at 11275 Nahcolite Point in Colorado Springs, Colorado. JLL represented...
Stonebridge acquires 264-unit Charlotte, NC apartment community for $40.7 million
StoneBridge Investments of Washington, DC, has acquired Magnolia Terrace, a 264-unit rental apartment community in fast-growing Charlotte, NC for $40.7 million. The seller, Atlanta-based RADCO Companies, was represented by Jordan McCarley and Brooks Colquitt...
A suburban shift for home building
Evidence of a suburban shift for consumer home buying preferences as a result of the COVID-19 pandemic can be found in the second quarter National Association of Home Builders (NAHB) Home Building Geography Index (HBGI). "The increasing demand...
Cushman & Wakefield arranges $26.67 million sale for TriBridge Residential
Cushman & Wakefield has arranged the $26.67 million sale of Summerchase at Riverchase, a 240-unit apartment community located in Hoover, Alabama. Jimmy Adams and Andrew Brown of Cushman & Wakefield represented the seller, TriBridge...
Mark Stern joins JLL Capital Markets Midwest multihousing team
JLL Capital Markets announced that Mark Stern has joined the firm as a Managing Director in its Chicago office. Stern will be an integral part of the growing Midwest multihousing team where he will...
Trion Properties enters Denver, Colorado market with acquisition of 288-unit apartment community
Trion Properties, a real estate private equity firm that specializes in multifamily investments in western markets, has acquired The View at North Peak, a 288-unit multifamily community in Northglenn, Colorado, a suburb of Denver....
Cushman & Wakefield arranges $43 million sale for Coastal Ridge Real Estate
Cushman & Wakefield has arranged the $43 million sale of Capital Park at 72 West, a 233-unit apartment community located in Huntsville, Alabama. Jimmy Adams and Craig Hey of Cushman & Wakefield represented the...
Interra Realty brokers $5.585 million sale of mixed-use property in Chicago’s Ravenswood Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $5.585 million off-market sale of 2020-36 W. Montrose Ave., a 31-unit mixed-use property in Chicago’s Ravenswood neighborhood. The price per...
Cushman & Wakefield arranges $80 million sale for Fairfield McDonough LLC to Chandler Residential
Cushman & Wakefield has arranged the $80 million sale of Colton Creek, a 500-unit apartment community located in McDonough, Georgia. Mike Kemether, Alex Brown, Travis Presnell, and Robert Stickel of Cushman & Wakefield represented...
Rent growth turns positive in August
Apartment List is out with their rent report for August 2020. It shows a slight uptick in rents nationally but with wide local variations. The big picture A summary of Apartment List’s data on rent changes...
Miami waterfront multifamily asset sold by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Hamilton on the Bay, a 28-story, 275-unit apartment tower in Miami’s...
