Old Three Hundred Capital secures $47.3 million in acquisition financing for multihousing community in...
JLL Capital Markets announced that it has arranged $47.3 million in acquisition financing and secured the preferred equity for Lantower Alamo Heights, a 312-unit multihousing community located in the Alamo Heights neighborhood of San...
Cushman & Wakefield arranges sale of Paces at the Estates
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Paces at the Estates, a 270-unit multifamily property located in Opelika, Alabama.
Andrew Brown of Cushman & Wakefield and Brian...
Draper and Kramer acquires luxury rental community Senita on Cave Creek in Phoenix
Draper and Kramer, Incorporated, a national full-service real estate firm, announced it has added to its national portfolio of multifamily properties with the purchase of Senita on Cave Creek, a 15-building, 240-unit luxury rental...
Institutional Property Advisors closes $178 million North Tucson multifamily property sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Hilands, a 826-unit multifamily asset in Tucson, Arizona. The $178 million sales price, which represents $215,496 per unit, is the...
Eric Adams addresses housing
The administration of Mayor Eric Adams recently released a plan to address housing issues in New York City . It is called “Housing Our Neighbors: A Blueprint for Housing and Homelessness”. The document is...
FCP expands multifamily portfolio in Colorado with $55 million acquisition of Heights on Huron...
FCP and joint venture partner Avanti Residential announce the $55 million acquisition of Heights on Huron, a 252-unit garden apartment community at 10648 Huron Street in Northglenn, Colorado. In May 2022, FCP announced its initial...
Job openings down slightly in May
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings declined in May from last month’s level, but they remained at a...
Fogelman Properties completes acquisition of 201-unit apartment community in Houston, Texas
Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, announces the acquisition of The Moorings, a 201-unit apartment waterfront community in Houston, Texas.
The Moorings offers newly...
Capital Square acquires multifamily community near Asheville, North Carolina, for DST offering
Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of mixed-use multifamily communities, announced the acquisition of Retreat at Arden Farms Apartments, a 312-unit apartment community...
CoStar reports multifamily property prices higher
CoStar reported that its value-weighted index of multifamily property prices increased 21.6 percent, year-over-year, in May 2022. This index was up 1.4 percent month-over-month.
The combined value-weighted index of non-multifamily commercial property rose by 7.6...
Marcus & Millichap lists and closes 91-unit Los Angeles apartment portfolio
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that Rick Raymundo and Landy Toledo listed and sold the West Coast Properties...
Institutional Property Advisors closes boutique Mesa multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Craft @ Gilbert & Baseline, a boutique, 104-unit multifamily asset in Mesa, Arizona. The $45 million sales price represents $432,692...
Multifamily construction spending stalls in May
The Census Bureau’s latest report on construction spending shows that the value of residential construction put in place in May was up 0.2 percent from the revised level of the month before. Residential construction...
Avanti Residential acquires $181 million Soleste Grand Central apartments in Miami
Denver-based Avanti Residential has acquired Soleste Grand Central, a newly built luxury 360-unit apartment community in downtown Miami. Avanti purchased the Class A multifamily community for $181 million from The Estate Companies, who developed...
Thompson Thrift Residential sells The Retreat in Corpus Christi
Thompson Thrift Residential, a wholly-owned company of Indianapolis-based Thompson Thrift, announced the sale of The Retreat, a 324-unit multifamily community located in The District of Timbergate area of Corpus Christi. A private real estate...
