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,...
Two-building mixed-use portfolio in New York’s East Midtown fetches $41.5 million
JLL Capital Markets has announced the $41.5 million sale of 959-961 Second Ave. and 246 East 46th St., a 105-unit, two-building portfolio in the East Midtown neighborhood of New York City.
JLL arranged the sale...
iBorrow provides $20 million in financing for acquisition of 232-unit multifamily property in Dallas,...
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $20 million loan to support the acquisition of a 232-unit garden-style multifamily community in the Oak Cliff neighborhood of Dallas, Texas, according...
TruAmerica Multifamily acquires 230-unit apartment community in Austin, Texas
TruAmerica Multifamily has acquired Cannon Oaks, a 230-apartment home community located just seven miles from downtown Austin.
Completed in 2003, Cannon Oaks is located at 2302 E. William Cannon Dr. and features a mix of...
Multifamily jobs numbers edge higher
The latest Employment Situation Report from the Bureau of Labor Statistics stated that the numbers of residential construction jobs and of apartment operations jobs both rose for the month, but not all multifamily jobs...
$372.6 million in financing secured for Arizona and Texas multihousing properties
JLL Capital Markets announced that it has arranged refinancing in the aggregate amount of $372.6 million for a 10-property, 2,549-unit multihousing portfolio located across Arizona and Texas.
JLL worked on behalf of the borrower, Wealhouse...
Capital Square promotes Sydney Hockaday to Vice President of Marketing
Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the promotion of Sydney Hockaday to vice president of marketing.
“Sydney has done a...
Institutional Property Advisors completes Eastside Seattle luxury apartment asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bentley House, a condo-quality apartment property in Issaquah, Washington.
“Seattle’s Eastside is experiencing the largest job growth in the region with...
CP Capital US to develop ‘NOVEL Independence Park’ in Tampa, Florida with Crescent Communities
CP Capital, a highly disciplined U.S. real estate manager specializing in multifamily investments, announced a joint venture with Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities, to...
NAHB Power Hitters with Matt Brendel
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Matt Brendel, Senior Managing Director of Legacy Partners.
Transcript: NAHB Power Hitters interview. Linda Hoffman with Matt Brendel, recorded April 13, 2022
(music)
Linda Hoffman:...
Multifamily property prices cooling
The latest CoStar report on the changes in the prices of commercial property in the United States said that the equal-weighted quarterly index of multifamily property prices rose 13.3 percent over the last 12...
Dominium acquires Willow Creek Apartments in Mount Juliet
Dominium, a leading national affordable housing owner, developer and manager, announced today that it has acquired Willow Creek Apartments in Mount Juliet, Tennessee, a 144-unit affordable housing development built in 1997.
Dominium is committed to...
