The Mogharebi Group brokers a 153-unit multifamily community in Long Beach, California
The Mogharebi Group (TMG) representing a Los Angeles based seller, brokered a $47.05 million sale of Fountain View Apartment Homes, a 153-unit community in the Los Angeles County city of Long Beach, California.
Built in...
Job openings and quits set records in March
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings hit a new record high at the end of March. Hiring was...
Cushman & Wakefield arranges sale of Windwater at Windmill Lakes
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Windwater at Windmill Lakes, a 150-unit multifamily community located in the Hobby submarket of Houston, Texas.
Cushman & Wakefield’s...
TruAmerica Multifamily acquires 310-unit apartment community in Dallas/Ft. Worth.
TruAmerica Multifamily has built its portfolio in Texas to nearly 3,000 units in less than 18 months with the acquisition of Rancho Mirage, a 310-apartment home community in the Dallas/Fort Worth submarket of Irving.
Rancho...
Residential construction spending rises despite multifamily stall
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in March was up 1.0 percent from the revised level of the month before. Residential construction spending...
Rent growth rises with the season
The latest rent report from Apartment List shows that the national average rent growth in April reached 1.0 percent month-over-month and 16.4 percent year-over-year.
The history of rent growth
The last two years have been extraordinary...
Avanath expands leadership team and promotes youngest partner in firm’s history
Avanath Capital Management LLC, a multifamily owner and operator that focuses on affordable and workforce housing, announces a series of promotions and a new executive hire to its leadership team as the firm grows...
$78 million refinancing secured for Bergen County multihousing community
JLL Capital Markets announced that it has closed the $78 million refinancing of The Current on River, a 254-unit, newly constructed multihousing community in Hackensack, New Jersey.
JLL represented the borrower, Brickyard Urban Renewal, LLC,...
Middleburg Communities announces sale of Vesta Camp Creek in Atlanta, Georgia
Middleburg Communities (Middleburg), a Vienna, Virginia-based real estate investment, development, construction, and management firm announces the sale of Vesta Camp Creek, a 220-unit apartment community at 5100 Welcome All Road in Fulton County in...
Institutional Property Advisors brokers sale of iconic New Haven multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Taft, a 14-story, 194-unit apartment building with 18,000 square feet of ground floor retail space in New Haven, Connecticut.
“Located...
Berkadia arranges sale of Fractured Condo in Hollywood, Florida
Berkadia announces it has arranged the acquisition of 160 out of a total 192 condominium units at Luna at Hollywood, a four-story condominium property located in a suburban neighborhood in Hollywood, Fla. Director Yoav...
Student housing suffers supply/demand pressures
U.S. college enrollment has been declining for years but higher education institutions faced an unprecedented drop in students during COVID. Undergraduate enrollment across U.S. colleges and universities dropped by over 1 million students in...
Marcus and Millichap assesses economic headwinds
Marcus & Millichap recently presented a webinar on its 2022 Outlook, which examined how the economy, inflation and Federal Reserve policy are impacting the commercial real estate market. Presenters were Hessam Nadji, President and...
Investors see growing demand but tougher conditions
Apartment markets tightened further according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2022, while financing became more costly. The Market Tightness (60) index was the only index...
Decron Properties acquires eighth multifamily asset in Phoenix, Arizona for $128 million
Decron Properties has acquired Tamarron Apartments, a 328-unit garden-style multifamily community in Phoenix, for $128 million.
Tamarron, which comes on the heels of Decron’s recent $107.5 million purchase of Ascent at Papago, increases Decron’s local...
