$60.25 million sale of multihousing community near Las Vegas closes
JLL Capital Markets announced that it has closed the $60.25 million sale of Vantage Lofts with a price per unit closing of $547,727. The property is a 110-unit, luxury multihousing community located within the...
Cushman & Wakefield arranges multifamily sale on behalf of Novare Group and Fickling &...
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Lullwater at Blair Stone, a 244-unit apartment community located in Tallahassee, Florida.
Robert Stickel, Alex Brown and Jubeen Vaghefi...
JLL arranges $375 million in financing for generational mixed-use property in San Diego
JLL announced that it has arranged an eleven-year, non-recourse secured loan for $375 million, provided by New York Life Insurance Company and on behalf of Kilroy Realty Corporation.
One Paseo is a world-class, mixed-use campus...
Builder confidence drops on supply-side constraints
Despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects.
Builder confidence in the market for newly built single-family...
Cushman & Wakefield arranges $13.75 million sale on behalf of ATS Investments and Cedar...
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Lions Gate, a 144-unit apartment community located in Mauldin, South Carolina. The final sale price was $13.75 million.
Tai...
TCC/HSR hires SVP for multifamily development in New York metro market
The Northeast Metro office of Trammell Crow Company (TCC), a global commercial real estate developer, and its residential subsidiary, High Street Residential (HSR), have hired Michael Adamo as Senior Vice President. In his new...
Housing affordability plunges on soaring material costs, rising home prices
Soaring building material costs, high demand and low inventory have added tens of thousands of dollars to the price of a new home and caused housing affordability to fall to its lowest level in nearly a decade...
Timberland Partners announces purchase of Ridgemont at Stringers Ridge, Chattanooga, TN, 226 units
Minneapolis based Timberland Partners is pleased to announce the acquisition of Ridgemont at Stringers Ridge, an apartment community located in Chattanooga, Tennessee. Founded in 1992, the company now owns and manages 67 apartment communities...
Slowdown ahead for multifamily housing construction?
The Census Bureau released its monthly new residential construction report for October 2020. It shows continuing weakness for multifamily housing construction permits and starts but a high pace for completions of multifamily housing units.
Multifamily...
JLL closes sale of Charlotte mid-rise apartments
JLL announces it has closed the sale of Novel NoDa, a 344-unit, mid-rise apartment community in Charlotte, North Carolina.
JLL marketed the property on behalf of the seller, Charlotte-based Crescent Communities, which also developed the...
Eastham Capital Provides Equity for 308-Unit Residential Community in Lansing, Michigan
Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, has partnered with Chicago-based Bender Companies, a multifamily owner-operator, in...
Sale of student housing community near University of Houston closes
JLL Capital Markets announced that it closed the sale of Vue on MacGregor, a 117-unit / 347-bed student housing community near the University of Houston, the third largest university in Texas.
JLL worked on behalf...
Granite Capital Group Closes $58 Million Purchase of The Boulders Apartments in Walnut Creek
Granite Capital Group, (GCG), a Santa Barbara, California real estate investment firm with multiple real estate holdings in Colorado, Montana, Texas and California, completed a $58 million purchase of The Boulders Apartments, a 164-unit...
DLP Real Estate Capital announces acquisition of Willow Trace Apartment Community in Shreveport, LA
DLP Real Estate Capital has announced its latest acquisition of Willow Trace, a multifamily property in Shreveport, LA. The property consists of 192 units, includes one- and two-bedrooms, and offers seven floorplan options. The...
H2O Degree’s industry-first LoRaWAN-based Pulse Counter enables longer-distance, faster utility meter data collection –...
Marking an important development in metering technology for tenant utility billing, H2O Degree introduces the industry’s first LoRaWAN-based meter pulse counter designed to operate with most pulse-output water and gas meters. H2O Degree is...
