$75 million in refinancing secured for Long Beach multihousing community
JLL Capital Markets announced that it has arranged the $75 million refinancing for The Landing at Long Beach, a 206-unit garden-style apartment community in Long Beach, California.
JLL represented the borrower, Silver Star Real Estate,...
JLL Capital Markets welcomes Senior Director Reina Abboud
JLL Capital Markets announced that it has hired industry professional Reina Abboud as a Senior Director with the firm’s Washington, D.C. office. She will focus on debt advisory in the Richmond and Virginia Tidewater markets...
Archway Equities acquires 192-unit multifamily asset in Dallas from HLC Equity
Archway Equities (Archway) has acquired from HLC Equity, the 192-unit Toscana Apartments, in Carrolton, Texas, one of the fastest growing suburbs in Dallas. The purchase represents Archway’s second apartment investment in the immediate submarket...
HUD Selects City of Madison Community Development Authority as Partner for the Annual Innovation...
The U.S. Department of Housing and Urban Development (HUD) has announced the City of Madison Community Development Authority (CDA) in Madison, Wisconsin will be the partnering public housing agency for the 11th annual Innovation...
FCP acquires 360-unit Amber Grove at Olley Creek Apartments in Marietta, Georgia for $51...
FCP announces the $51.0 million acquisition of Amber Grove at Olley Creek Apartments, a 360-unit garden apartment community at 2050 Austell Road in Marietta, GA. FCP has invested in 34 properties since its entry into...
Politicians seek relief for renters, but landlords have rights too
State and local governments have closed businesses across the country in response to COVID-19, putting millions of Americans out of work. Right now, those Americans’ biggest concerns are keeping a roof over their heads...
Thompson Thrift sells luxury multifamily community near Huntsville
Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the sale of FarmHaus, a recently completed 324-unit Class A multifamily community located in the Huntsville...
Interra Realty brokers $11 million sale of multifamily property on Chicago’s North Shore
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 37-unit multifamily property in Highwood, Ill. The newly built property, located at 546 Green Bay Road, traded...
Trez Forman Capital Group provides $48.65 million construction loan to ensure completion of Hollywood...
Trez Forman Capital Group funded a $48.65 million construction loan to allow for the completion of a 15-story, 247-unit luxury apartment building in Hollywood, Fla. Borrower Hollywood East, LLC is reviving construction of the...
Colliers International Florida’s affordable housing group brokers $8.5 million sale of Indiana multifamily asset
As demand for Affordable Housing assets continues to increase in light of the COVID-19 pandemic, Colliers International Florida is pleased to announce that it recently closed on the $8.5 million sale of Shelby’s Crest,...
COVID impacts relocation plans
The COVID-19 pandemic and the changes it has caused in our lives are bound to have an impact on where people choose to live. A variety of sources have attempted to measure the impact...
Construction materials prices up despite lumber price drop
The Bureau of Labor Statistics (BLS) released its producer price index report for October 2020. It showed that the BLS index of construction materials prices was up 0.2 percent from September, seasonally adjusted. It...
Cushman & Wakefield arranges sale on behalf of Westplan Investors
Cushman & Wakefield has arranged the sale of Accent 2050, a 198-unit apartment community located in Atlanta. Robert Stickel, Mike Kemether and Alex Brown of Cushman & Wakefield represented the seller, Atlanta-based Westplan Investors,...
Rent Payment Tracker: Payments down 7.8% from last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 75.4 percent of apartment households made a full or partial rent payment by December 6 in its survey of 11.5 million units of professionally...
Concord Capital Partners acquire historic West Hollywood property for $17.275 million
Concord Capital Partners has acquired Casa Real, a 60-unit multifamily property located in the historic Harper District of West Hollywood for $17.275 million.
The four-story, 43,000-square-foot multifamily property is located at 1354 N. Harper Avenue,...
