Multifamily housing construction permits fall while starts rise
The Census Bureau’s new residential construction report for August was the reverse of last month’s report with multifamily housing construction permits and completions falling sharply while starts jumped.
In single-family housing construction, the changes from...
Berkadia secures $27.69 million loan for acquisition of fractured condos in Palm Harbor, Florida
Berkadia announces it has secured a $27.69 million loan for the acquisition of 161 out of 248 units at Harbourtowne at Country Woods, a fractured condominium community in Palm Harbor, Florida. Senior Managing Director...
$10 million financing secured for New Jersey mixed-use community
JLL Capital Markets announced that it has arranged $10 million in refinancing for The Grande at Norwood, a recently completed, 41,463-square-foot mixed-use community in affluent Norwood, New Jersey.
JLL represented the borrower, Maxim Realty Trust,...
IRR updates its Viewpoint
Intergra Realty Resources (IRR) released its 2022 Mid-Year Viewpoint Summary, an update to its annual Viewpoint report. Unlike the year-end report, the update does not discuss the state of the US economy but rather...
JLL arranges $140 million construction financing for latest mixed-use Gowanus development
JLL Capital Markets announced that it has arranged $142 million in construction financing for Majestic, a ground-up, Class A mixed-use development with 255 multihousing units and 18,000 square feet of commercial space, located at...
$21.258 million in financing secured for Colorado apartment community
JLL Capital Markets announced that it has arranged the refinancing of Gateway Place Phase II Apartments, a 144-unit, three-story, garden-style multihousing community in Greeley, Colorado.
JLL worked on behalf of the borrower, Morgan Energy to...
Angel Baltimore joins NAA as senior vice president, information technology
The National Apartment Association (NAA) welcomed Angel Baltimore as the new Senior Vice President, Information Technology.
Baltimore brings vast technology and leadership experience to NAA. Most recently, she served as the vice president, digital strategy...
West Shore acquires two more apartment communities in Georgia
West Shore, a multifamily real estate investment firm, announces its acquisition of two properties in Pooler, Georgia. The Carlyle at Godley Station and The Preserve at Godley Station are upscale apartment communities located less...
The Mogharebi Group brokers $41.25 million sale of 118-unit senior housing portfolio in San...
The Mogharebi Group (TMG), on behalf of ROEM Development, has arranged the $41.25 million sale of a two-property, 118-unit senior affordable housing portfolio in San Jose, Calif.
Built in 2001 and 2003 by ROEM, Monte...
Builder confidence falls for ninth straight month as housing slowdown continues
In another sign that the slowdown in the housing market continues, builder sentiment fell for the ninth straight month in September as the combination of elevated interest rates, persistent building material supply chain disruptions...
FCP provides $43.8 million in preferred equity for multifamily in New York, Georgia and...
FCP announces $43.8 million in preferred equity has been invested through its Structured Investments platform in three multifamily properties in New York, Georgia, and Florida. The investments include apartment communities The Wel, an existing property...
Assisted living occupancy rebounds
NIC MAP Vision, a market analytics company for the senior housing industry, released a mid-quarter analysis showing that occupancy in the assisted living market segment is recovering more strongly from the pandemic-era downturn than...
Marcus & Millichap brokers Tacoma multifamily asset sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Tanara Villa, a 130-unit multifamily asset in Tacoma, Washington. The property...
JLL secures $133.6 million financing for Nashville multihousing development from Square Mile Capital
JLL Capital Markets announced that it has closed the $133.6 million construction financing of a Class A, 383-unit multihousing development at 1815 Church St. in Nashville’s Midtown neighborhood.
JLL worked on behalf of 19th Church...
Next Wave acquires 180-unit value-add multifamily community in Gresham, Oregon for $34 million
Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has announced its acquisition of The Nash, a 180-unit multifamily community in the Portland metro submarket of Gresham, Oregon,...
