$58.3 million financing secured for Texas multihousing development
JLL Capital Markets announced that it has closed the $58.3 million construction financing for The View at Sapphire Bay, a Class A, 394-unit, mid-rise multihousing community located on the shore of Lake Ray Hubbard...
Cushman & Wakefield and Greystone close sale and financing of Hoover Multifamily Property
The joint venture team of Cushman & Wakefield and Greystone announced that they arranged the sale of and provided acquisition financing for City Heights Hoover, a 160-unit multifamily community located in the Hoover suburb...
Gebroe-Hammer’s Jarvis arranges multi-tranche $80+ million multifamily portfolio sale in Newark, New Jersey
In Newark’s North Ward, Gebroe-Hammer Associates Executive Vice President David Jarvis has finalized a multi-tranche $80+M multifamily portfolio sale totaling 484 units across the Gateway City. A 26-year Newark/North Jersey market specialist, Jarvis exclusively...
$60 million financed for Seattle multihousing development
JLL Capital Markets announced that it has arranged $60 million in construction financing for Gridline Apartments, a multihousing development currently under construction in Seattle, Washington.
Working on behalf of SRM Development and its partners, JLL...
Berkadia arranges sale of brand-new trophy garden community in Orlando Metro Area
Berkadia announces it has arranged the sale of Alta Winter Garden, a 250-unit Class AAA trophy garden multifamily community in the Winter Garden submarket of Orlando, Fla. Managing Director Brett Moss, Associate Director Tyler...
Construction materials price rises outpace CPI in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April 2022. It stated that construction materials prices were up 0.8 percent in the month, seasonally adjusted. The index was 21.2...
New best-in-class Nashville multihousing development sells
JLL Capital Markets announced that it has closed sale of Accent Edgewood, a 236-unit, Class A, mid-rise, lease-to-core multihousing asset in the Wedgewood-Houston neighborhood of Nashville, Tennessee.
JLL represented the seller, Westplan Investors. PassiveInvesting.com acquired the...
Universe Holdings acquires second multifamily property in Ventura, California for $14.55 million
Universe Holdings has acquired Woodland Manor, a multifamily community in Ventura, Calif., in an off-market transaction for $14.55 million. Built in 1969, the property offers 38 two-bedroom, two-bath apartments in a central location in...
Rent growth rate slips slightly in Yardi Matrix survey
Yardi Matrix reported that the national average apartment rent rose $15 in April to $1,659 per month as rent growth declined slightly.
Rents growth rate still high but declining
The national average apartment rent was up...
CBRE reports strong Q1 multifamily fundamentals
CBRE reported that record high apartment absorption over the last 4 quarters set the basis for very strong measures of performance for the multifamily property market.
Comparing universes
CBRE gathers its data from 69 markets that...
Institutional Property Advisors negotiates $260 million multifamily asset sale in Scottsdale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Moderne, a 369-unit mid-rise multifamily asset in Scottsdale, Arizona developed by JLB Partners. The $260 million sales price equates...
Newmark arranges sale and financing of 210-unit value-add multifamily property in East Austin, Texas
Newmark has completed the sale and financing of The Sofia Apartments, a 210-unit value-add multifamily property located minutes from downtown Austin, Texas. The property traded from Dallas-based Lion Real Estate Group and Los Angeles-based...
ULI economic forecast sees continued growth
The Urban Land Institute (ULI) recently released its biannual economic forecast for spring 2022. It generally has a more positive outlook for the economy and for the multifamily housing industry than did their last...
$19.45 million in financing secured for Maryland multihousing community
JLL Capital Markets announced that it has arranged the $19.45 million in acquisition financing for River Bay Townhomes, a 173-unit, value-add multihousing community in Lexington Park, Maryland.
JLL represented the borrower, Linden Property Group, to...
Newmark announces $70.5 million multifamily sale in one of Nashville’s fastest-growing suburbs
Newmark announces the $70.5 million sale of Reserve at Oakleigh—a 246-unit, 2017-built multifamily community located in Antioch, Tennessee. Newmark Executive Managing Directors Vincent Lefler and Tarek El Gammal represented the seller, Cedar Grove Capital,...
