Can adaptive reuse save America’s malls?
What is the most common reason to get in the car and start driving on any given day of the week? Depending on where you’re from, the obvious answer might be commuting to work....
CW Driver Completes $37.8M Begonia Place in the Temple City Neighborhood of Los Angeles
C.W. Driver Companies, a leading builder serving California since 1919, announced the completion and opening of Begonia Place in Temple City, a neighborhood northeast of Los Angeles. The $37.8M mixed-use residential project is the...
Aspen Square Management sells Atlanta multifamily property to 29th Street Capital
Transwestern Real Estate Services (TRS) announces its Southeast Investment Services team has brokered the disposition of The Lake House at Martin’s Landing at 1500 Harbor Landing in Roswell, Georgia. Transwestern Senior Managing Directors Mike...
Marcus & Millichap promotes Tampa agent Ned Roberts, CCIM to first vice president investments
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced that Ned Roberts, CCIM of the firm’s Tampa office has been promoted to First...
Alpha Wave Investors acquires 144-unit multifamily property in rapidly growing Las Vegas market
Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Cypress Springs Apartments, a 144-unit multifamily community situated in the Centennial...
Franklin Street arranges $10.8 million sale of value-add multifamily property in Tampa, Florida
Franklin Street has arranged the sale of French Quarter Apartments, a 57-unit, 50,585-square-foot multifamily community in Tampa, for $10.75 million, equating to $188,596 per unit.
Franklin Street’s Tampa Multifamily Investment Sales Team of Avery Jordan,...
Permanent financing secured for Centurion Union redevelopment
JLL Capital Markets announced that it arranged permanent financing for Centurion Union, a newly constructed 80-unit luxury apartment building located at 975 Bonnel Court in the vibrant Union Center neighborhood of Union, New Jersey.
JLL...
Cushman & Wakefield arranges sale of Thayer Point multifamily community
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Thayer Point, a 266-unit multifamily apartment community located in Killeen, Texas. John Carr and Ben Fuller of Cushman...
Institutional Property Advisors brokers sale and arranges financing for Dallas multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of The Lex, a 144-unit multifamily asset in the Lake Highlands neighborhood of Dallas, Texas.
“Lake Highlands was a high-performing...
California REALTORS urge legislature to act swiftly on SB 50 before January 31 deadline
The California Association of Realtors (CAR) issued the following statement on Sen. Scott Wiener’s Senate Bill 50, which would help address the state’s urgent housing shortage and affordability crisis:
“The California Association of Realtors’ 200,000 real estate professionals...
Magma Equities acquires 359-unit multifamily community in Raleigh/Durham, NC for $42.4 million
Multifamily investment firm Magma Equities (Magma) in partnership with Viking Partners has acquired University Apartments, a 359-unit apartment community located in the Duke submarket of Durham, NC, in an off-market transaction for $42.4 million.
Magma...
PCCP, LLC provides $51 million loan to ColRich Multifamily for the acquisition of a...
PCCP, LLC announced it has provided a $51 million senior loan to ColRich Multifamily for the acquisition of Twenty Twenty, a seven-story, 162-unit mid-rise apartment property located at 2020 NE Multnomah Street in Portland,...
Property management amid a crisis
The term coronavirus has only been in our collective vocabulary since January, but it has consumed our world and drastically altered our daily lives. There is not one industry in this country that has...
FCP announces acquisition of 220-unit, Avana Cypress Creek Apartments in North Lauderdale, Florida
FCP announces the acquisition of Avana Cypress Creek Apartments at 1700 South State Road 7 in North Lauderdale, Florida. The 220-unit, Class A community was built in 2009 and consists of predominantly two- and three-bedroom...
Blake Rogers and Alex Caniglia return to JLL’s Capital Markets team
JLL Capital Markets announced that Blake Rogers and Alex Caniglia have re-joined the firm as multihousing investment sales producers. Rogers will serve as a Senior Managing Director in the Los Angeles office and lead the...
