Friday, March 29, 2024

News

Banks must get serious about technology to capitalize on potential home equity boom, J.D....

With the number of American consumers expected to take out a home equity line of credit (HELOC) projected to double to 10 million over the next five years, lenders need to improve their digital offerings...
Chapel Ridge of Tinker

Oklahoma City multihousing portfolio totaling 512 units sold

JLL Capital Markets announced it closed the sale of a three-property portfolio totaling 512 units located throughout the Oklahoma City area in Oklahoma. JLL represented the seller, Security Properties, to complete the sale to the...

Market conditions begin to improve, though costs and delays remain significant

The March edition of the NMHC Quarterly Survey of Apartment Construction & Development Activity once again found small improvements in terms of more limited price increases, slightly fewer construction delays and some easing in...
Islander Apartments

Levin Johnston directs acquisitions of three Bay Area properties totaling $68.25 million on behalf...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, announced that it recently directed $68.25 million in acquisitions...

Yardi a sponsor, exhibitor and presenter at 2018 Argentum Conference

Yardi is again a sponsor, exhibitor and presenter at the Argentum Senior Living Executive Conference, where attendees explore the latest big ideas and challenges for the senior living space. The event is set for...

Multifamily builders and developers remain positive about the apartment and condo market as demand...

Confidence in the multifamily housing market remained positive in the first quarter of 2018, according to the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI) released today by the National Association of Home Builders (NAHB)....

Alliance Residential Company, Dwelo, Google and Nest collaborate on largest smart apartment rollout in...

Alliance Residential Company, in collaboration with Dwelo, Google and Nest, announces the launch of its "Alliance SmartHome" technology package across more than 25,000 luxury apartments nationwide. Utilizing thermostat and lighting control, digital home access...
92Forty Scottsdale Apartments

ABI Multifamily brokers 110-unit North Scottsdale multifamily apartment community for $35 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $35,000,000 / $318,182 Per Unit / $417.23 Per SF sale of 92Forty Scottsdale Apartments, a...
Newport

Institutional Property Advisors closes $54 million Greater Phoenix multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Newport, a 204-unit multifamily property in Avondale, Arizona. The asset traded for $54 million, which equates to $264,706 per unit. “Defined...

Marcus & Millichap hires Thierry Lessoil to lead newly launched Montreal office

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has named Thierry Lessoil regional manager of the firm’s Montreal, Canada office. Lessoil has 30...

CA Ventures grows London-based European division with new executive hire

CA Ventures, a U.S. real estate investment holding company, today announced an executive appointment in the firm’s new European headquarters, located in London’s Marylebone neighborhood. Christian Davis will serve as vice president of acquisitions,...

Riverside Capital adds to investments in Camden, NJ

Riverside Capital, LLC (Riverside) is pleased to announce it has invested $15.5 million in Branch Village Townhomes, the second of a planned four-phase redevelopment of the Clement T. Branch public housing community in the...
Amalia Londono

JLL’s Atlanta Capital Markets group hires multihousing expert

JLL Capital Markets announced that Amalia Londono has joined the firm as a Director in its Atlanta office. Londono will focus on private commercial real estate owners for the successful disposition of multihousing assets...

Highpoint Property Group expands value-add portfolio with recent acquisition financing from Thorofare Capital

Thorofare Capital has provided a $15 million floating-rate first mortgage to Highpoint Property Group (Highpoint) to acquire, renovate and stabilize a mixed-use multifamily property in Brooklyn, NY. Located at 88-92 Atlantic Avenue in the Brooklyn...
ReNew on 14th

Institutional Property Advisors closes Inland Empire multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of ReNew on 14th Apartments, a 100-unit multifamily asset in Riverside, California. “With 14.7 percent year-over-year rent increases and 1.6 percent vacancy,...
Yield PRO