Monday, April 29, 2024

News

52 at Park

Lincoln Avenue Communities Breaks Ground on Affordable Housing Development 52 at Park in Orlando

Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on the future site of 52 at Park in Orlando, Florida during a ceremony with LAC leaders, local lawmakers and...
CRE Finance

Tower Capital Expands into California, Adds Senior CRE Finance Capital Markets Leaders, Opens New...

Tower Capital, a leading capital advisor in CRE finance, expanded with a new team in California, adding three capital markets leaders and opening a new office in Los Angeles. The latest to join in California...
La Pat Courtyard Apartment

CBRE Arranges Sale of 30-Unit La Pat Courtyard Apartment Community in Westminster California

CBRE announced the sale of a 30-unit multifamily community La Pat Courtyard Apartments in Westminster, California to a private investor for $10,025,000. The transaction marked the city’s largest multifamily sale in the past 12...
BOLOUR

BOLOUR Provides Over $20M in Debt for Three-Site Southern California Retail Portfolio for 375...

Bolour Associates Inc. announced that it has provided over $20 million in debt financing for the redevelopment of three Southern California retail projects with North Carolina-based Grubb Properties. BOLOUR is a privately owned real estate...
Oakmont Apartments

JLL Arranged the Sale for Oakmont Apartments Near Minneapolis Minnesota

JLL Capital Markets announced that it closed the sale of Oakmont Apartments, a 48-unit multi-housing community located in Coon Rapids, Minnesota. On behalf of Gaughan Companies, JLL facilitated the sale of Oakmont as part of...
Hangar at Thunderbird

Institutional Property Advisors Brokers Sale and Arranges Financing for $69M Glendale Multifamily Asset Hangar...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale and financing of Hangar at Thunderbird, a 266-unit multifamily property in Glendale, Arizona. “Just one other market-rate multifamily asset with 100 units or more...
Sunshine Garden Apartments

Marcus & Millichap Facilitates $6.4M Sale of Sunshine Garden Apartments and Single-Family Home in...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 34-unit multifamily building known as Sunshine Garden Apartments and neighboring...
falling multifamily property prices and commercial property prices

MSCI: Multifamily property prices continue to fall

The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in March fell 0.9 percent from their level of the month before. This is down slightly from last...
Mosaic Apartments

Rise48 Equity Celebrates Milestone 50th Multifamily Acquisition with Mosaic Apartments in the Dallas MSA

Rise48 Equity, a leading multifamily investment group, announced the acquisition of Mosaic Apartments in the DFW area of Texas. Rise48 Equity has plans to revitalize Mosaic Apartments, soon to be rebranded Rise Fossil Creek, with...
Courtyard

Emerald Heights Welcomes First Residents to New Assisted Living Courtyard Building Near Bellevue Washington

Emerald Heights, a senior living community in Redmond, Washington, officially opened the doors to their newest addition, Courtyard, and started welcoming their first residents. The three-level Courtyard building offers six apartment designs including one-bedroom, one-bedroom...
Montego Square Apartments

Alliance Companies Breaks Ground and Secures Funding for 280-Unit Montego Square Apartments

Alliance Companies is moving forward with the development of their 280-unit Montego Square Apartments located at 4051 Winkler Avenue in Ft. Myers, Florida, following a loan closing on the $57.3 million construction project and...
Trailhead at Chisholm Trail Ranch

Willow Bridge Announces Trailhead at Chisholm Trail Ranch Apartments Now Pre-Leasing in South Fort...

Trailhead at Chisholm Trail Ranch, a 284-unit apartment community in South Fort Worth, is now pre-leasing. Developed by Aberg Property Company and Titan Development, Trailhead at Chisholm Trail Ranch is nestled within the 600-acre...
Englewood Senior

The Benoit Group and Atlanta Housing Announce Financial Closing of the $72M Affordable Englewood...

The Benoit Group, a national multifamily and commercial real estate developer, owner, and operator headquartered in Atlanta, in partnership with Atlanta Housing, Georgia's largest public housing authority, announced the financial closing for the development...
Westbend South

Trademark Property Company Announces Plans to Develop 300-unit Multifamily Project Westbend South in FW...

Mixed-use development powerhouse Trademark Property Company is planning another Fort Worth, Texas project. Westbend South is a planned seven-story apartment complex nested beside the Trinity River near the active Westbend development. Trademark has had...
Eagle Pointe Apartments

Gantry Secures $40.5M Permanent Financing for Eagle Pointe Apartments in Albany Oregon

Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $40.5 million permanent loan to retire construction financing for the recently completed and now stabilized class-A apartment project Eagle Pointe...
Yield PRO