Thompson Thrift Residential announces sale of The Ranch at Sienna near Houston
Thompson Thrift Residential, a wholly-owned affiliate of Indianapolis-based Thompson Thrift and one of the nation’s leading multifamily developers, announced the sale of The Ranch at Sienna, a 312-unit Class A multifamily community located in the...
Institutional Property Advisors closes $53.9 million Tucson apartment asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Peaks at Redington, a 301-unit multifamily asset in Tucson, Arizona. The $53.9 million sales price represents $179,070 per unit.
“Peaks at...
Megatel Homes announces close-out of residential townhome development near Dallas
Megatel Homes LLC, one of the largest homebuilders in the state of Texas, announced that the company has closed out the development of Parkview, a 92-lot community in the Dallas suburb of Allen, Texas.
“Parkview...
Berkadia arranges $104.5 million acquisition loan for Westside Capital Group’s purchase of Atlanta high-rise...
Berkadia announces it has secured financing for Westside Capital Group’s acquisition of The Lofts at Twenty25, a landmark, 623-unit multifamily high-rise property located in the heart of Atlanta, Ga. Senior Managing Director Charles Foschini,...
Builder confidence plunges as affordability woes mount
Builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales and buyer traffic. In a further sign of a weakening housing market, builder confidence...
Cushman & Wakefield represents Wilkinson Corporation and Torchlight Investors JV in largest multifamily investment...
Cushman & Wakefield announced that the firm has represented a joint venture of Wilkinson Corporation and Torchlight Investors in the sale of a six-property multifamily portfolio to Morgan Properties.
Cushman & Wakefield’s George Tikijian, Hannah...
Marcus & Millichap brokers the sale of 320-unit affordable LIHTC apartment asset in Fort...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Brittany, a 320-unit, affordable low-income housing asset located in Fort...
Stepp Commercial completes $3.55 million sale of 11-unit apartment property in coveted Alamitos Beach...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.55 million sale of an 11-unit apartment property located at 366 Walnut Avenue in the Alamitos Beach submarket of...
Yardi Matrix reports high but declining rent growth
Yardi Matrix reported that the national average apartment rent rose $19 in June to $1,706 per month. However, this is $26 per month higher than the rent level reported last month, implying that last...
Construction materials prices higher despite lumber price drop
The Bureau of Labor Statistics (BLS) released its producer price index report for June 2022. It stated that construction materials prices were up 0.3 percent in the month, seasonally adjusted. The index was 15.1...
Berkadia arranges for Rilea Group a $21 million refinancing of garden-style apartment community in...
Berkadia announces it has arranged the refinancing of Vista Verde at Deerwood, a 208-unit garden-style apartment community in the Kendall submarket of Miami. Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Senior...
High Street Residential announces 152-unit multifamily community near St. Louis
High Street Residential, the residential subsidiary of Trammell Crow Company, announced plans for the firm’s first multifamily project in the Greater St. Louis area. Located at 416 N. Kirkwood Road in Kirkwood, MO, The...
Sponsored: 6 must-ask questions for any managed WiFi provider
Selecting the right partner is key to a great managed WiFi solution for your MDU property and residents. Set your community up for success by asking each potential partner these questions.
Will you design...
Westside Capital Group acquires Highrise Residential Tower in Atlanta’s Buckhead neighborhood for $136 million
Westside Capital Group, a real estate investment holding firm based in Miami, announced the acquisition of The Lofts at Twenty25, a landmark, 16-story residential tower located in Atlanta, Ga. Westside acquired the property for...
Ian Anderson joins Cushman & Wakefield’s Sunbelt Multifamily Advisory Group
Cushman & Wakefield announced that the commercial real estate services firm has hired Ian Anderson to join the Sunbelt Multifamily Advisory Group where he will focus on multifamily investment sales in the Nashville and Eastern,...
