HUD warns California landlords for failing to comply with lead safety regulations
The U.S. Department of Housing and Urban Development (HUD) today announced it issued notices of violation against the owners of eight HUD-assisted properties throughout California for violations of HUD’s lead safety rules and regulations.
These...
Institutional Property Advisors closes $178 million North Tucson multifamily property sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Hilands, a 826-unit multifamily asset in Tucson, Arizona. The $178 million sales price, which represents $215,496 per unit, is the...
Megatel Homes announces close-out of residential townhome development near Dallas
Megatel Homes LLC, one of the largest homebuilders in the state of Texas, announced that the company has closed out the development of Parkview, a 92-lot community in the Dallas suburb of Allen, Texas.
“Parkview...
Haven Realty Capital and Apollo Global Management close on Las Vegas BTR Community
Haven Realty Capital (Haven), in partnership with funds managed by an affiliate of Apollo Global Management, Inc., has closed the first phase of a $22.8 million acquisition of a build-to-rent (BTR) townhome community now...
HUD awards $5 million to 22 public housing agencies for emergency and security improvements
In an effort to keep public housing residents safe and secure, the U.S. Department of Housing and Urban Development (HUD) is awarding $5 million in grants to 22 public housing authorities.
HUD’s Capital Fund Emergency Safety...
JLL arranges sale of prime residential development site west of Brickell
JLL Capital Markets announced that it has closed the sale of CoralGrove Brickell, a 0.53-acre, residential development site planned for 85 units, located between Brickell and Coral Gables in Miami, Florida.
JLL marketed the property...
Permitting and starts delayed by COVID-19
More than half (53 percent) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the third edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey. Of...
375-unit metroplex multifamily sale brokered by IPA Texas
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale and financing of RiverVue Apartments, a 375-unit multifamily asset in Fort Worth, Texas.
“The Fort Worth market continues to be a hotbed...
Colorado Springs to celebrate grand opening of Province Springs, a refined senior community
The Wolff Company—a Scottsdale-based private equity firm and multifamily developer—today announced the grand opening of Province Springs, a new, refined senior community located at 2960 Tutt Blvd in Colorado Springs, across the street from...
Post Brothers sells luxury Philadelphia high-rise community Presidential City to KKR and MREG for...
JLL Capital Markets announced the closing of the sale of Presidential City, a 1,015-unit, luxury, high-rise community in Philadelphia, Pennsylvania.
JLL represented the seller, Post Brothers, and helped broker the transaction with the buyers, KKR and...
Decron Properties enters Seattle multifamily market with $173 million apartment buy
In one of the largest multifamily transactions in Seattle this year, Decron Properties has acquired Avana 522 (Avana), a 558-unit multifamily property in Bothell, WA for $173 million. The transaction marks the Los Angeles-based...
Seven secondary market closings for Fluellen-Hoover multifamily team of Marcus & Millichap
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the Fluellen-Hoover multifamily investment sales team closed seven multifamily transactions in secondary markets...
Refinancing secured for Maitland multihousing community
JLL Capital Markets announced that it has arranged the refinancing for The Q at Maitland, a 129-unit, garden-style multihousing community strategically located within the Maitland submarket of Orlando, Florida.
JLL represented the borrower, JT Capital,...
Broad Street Development and a real estate fund advised by Crow Holdings Capital partnership...
JLL Capital Markets announced the $114.9 million sale of 298 Mulberry St., a 96-unit, market-rate, mixed-use rental apartment property on the corner of East Houston and Mulberry Streets in the Noho neighborhood of Manhattan.
JLL...
$20.5 million refinancing secured for Garabrant in New Jersey
JLL Capital Markets announced that it has arranged a $20.5 million refinancing for Garabrant in Jersey City, New Jersey.
JLL worked on behalf of the borrower, Point Capital Development, LLC, to place the 10-year, fixed-rate...
