$31.9M sale of newly constructed multihousing community in New Jersey closes
JLL Capital Markets announced that it has closed the $31.9 million sale of Solaris Lofts, a 72-unit, newly constructed, boutique multihousing community located within the Bergen-Lafayette neighborhood in Jersey City, New Jersey.
JLL marketed the...
FCP announces $25 million acquisition of Modera Academical Village multifamily development site supporting 793...
FCP and joint venture partner Mill Creek Residential Trust (Mill Creek) announce the $25 million acquisition of the Modera Academical Village development site within the Academical Village master plan and adjacent to Nova Southeastern University...
Inflation puts multifamily wages under pressure
The wage data the Bureau of Labor Statistics (BLS) released along with its employment situation report show that hourly wage growth for three categories of employees of interest to multifamily owners and operators has...
MBA looks ahead
The Mortgage Bankers’ Association (MBA) recently released its Q1 2022 quarterly databook. It contains some data that they had previously released but it also includes economic forecasts for key metrics through 2024.
Something old
The information...
Newmark announces $56 million multifamily sale in Murfreesboro, Tennessee
Newmark announces the $56 million sale of Campus Crossings, a 252-unit multifamily community in Murfreesboro, Tennessee. Newmark Managing Directors Vincent Lefler and Tarek El Gammal represented the seller, ApexOne Investment Partners (ApexOne), a real...
Gebroe-Hammer Associates arranges sale of Ridgewood Commons Apartments in South Orange, New Jersey
For the fourth time since 1999, Gebroe-Hammer Associates has arranged the sale of Ridgewood Commons in South Orange, N.J., a 66-unit five-story multifamily asset located at 10 N. Ridgewood Road in the township. The...
Magma Equities purchases 111-unit multifamily asset in Charlotte, NC metro for $17.75 million
Magma Equities (Magma) in joint venture with Prudent Growth Partners (Prudent Growth) has acquired The Oaks Apartment Homes (The Oaks), a 111-unit garden-style multifamily community in the Charlotte metro submarket of Lincolnton, NC, in...
Franklin Street arranges $11.5 million sale of 57-unit multifamily property in North Miami
Franklin Street has arranged the sale of Northview Terrace, a 57-unit, 41,400-rentable-square-foot multifamily property in North Miami, Florida, for $11.5 million, or $201,754 per unit.
Franklin Street’s South Florida Multifamily Investment Sales Team of Ryan...
Mixed report on multifamily jobs in June
The latest Employment Situation Report from the Bureau of Labor Statistics stated that employment in apartment operations jobs grew during the month while residential construction jobs declined.
Employment up, participation down
The Bureau of Labor Statistics...
Berkadia arranges sale of apartments in Suburban Houston
Berkadia announces it has arranged the sale of The Life at Spring Estates, a 372-unit apartment community located in the North View section of Houston, Tex. Managing Directors Chris Young and Joey Rippel, Director...
Recovery in senior housing continues in Q2
An NIC Map Vision brief on the state of the senior housing industry reports that its fundamentals are slowly improving after the loss in occupancy the industry experienced during the pandemic.
Market or markets?
The senior...
Sponsored: Managed Wi-Fi Mythbusters
Myth #1: “Managed Wi-Fi is not secure.”
BUSTED! Managed Wi-Fi is actually more secure than individual resident networks. Some providers, like DISH Fiber, offer enterprise-grade firewalls for every property to create greater peace of mind. Additionally,...
Franklin Street arranges sale, financing and insurance for 30-unit multifamily asset in South Florida
Franklin Street has arranged the sale of Jupiter Palms, a 30-unit, 18,872-square-foot multifamily property in Jupiter, Florida, for $5.8 million, or $307.37 per square foot. The property was 100 percent occupied at the time...
Avison Young brokers $40 million sale of 176-Unit apartment property in Las Vegas, Nevada
Avison Young announced the Sauter Multifamily Group, comprised of Principals Patrick Sauter, Art Carll-Tangora, and Steve Nosrat, based in the firm’s Las Vegas office, closed the $40 million sale ($227,272 per unit) of Las...
MassHousing closes on $8.5 million in financing for the final phase of the Woodland...
MassHousing has closed on $8.5 million in affordable housing financing to Dakota Partners, Inc., to support the final phase of development of the Woodland Cove housing community in Wareham.
The MassHousing financing for Woodland Cove...
