Westside Capital Group acquires a second high-rise waterfront residential tower in Fort Myers
Westside Capital Group, a real estate investment holding firm based in Miami, announced the acquisition of Campo Felice, a 24-story residential tower with 323 apartment units located in the historic downtown of Fort Myers,...
Yardi Matrix reports record rent growth
The latest rent report from Yardi Matrix shows record growth in multifamily asking rents for the country as-a-whole in August, with SFR rent growth outpacing that of multifamily.
Rents up sharply again
Yardi Matrix reported that...
West Shore expands into Charleston market with acquisition of premier multifamily asset
West Shore LLC, a multifamily real estate investment firm, has purchased 17 South Apartments in Charleston, South Carolina. Ramping up a strategic expansion effort, 17 South Apartments is the firm’s first investment in Charleston...
Sale of 250-unit multihousing community in Phoenix closes
JLL Capital Markets announced that it has closed the sale of Sedona Ridge, a 250-unit, garden-style multihousing community in Phoenix, Arizona.
JLL marketed the property on behalf of the owner, Sares Regis Multifamily Funds. An...
Institutional Property Advisors closes luxury multifamily asset sale in suburban Seattle for $109 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of BLU Bellevue, a 135-unit luxury mixed-use multifamily community in downtown Bellevue, Washington. The property traded for $109 million, or $1,004.70...
Canadian REIT buys Portland-area multihousing community for $30 million
JLL Capital Markets announced that it has closed the $30 million sale of TownCenter Park, a 111-unit, 1990-built, garden-style multihousing community in Wilsonville, Oregon.
JLL marketed the property on behalf of the seller, Curtis Capital...
Stepp Commercial completes $4.39 million portfolio sale of two apartment properties in eastside submarket...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.39 million portfolio sale of two apartment properties located in the Eastside submarket of Long Beach, Calif.
Principal Robert Stepp...
GAIA Real Estate secures acquisition financing for East Village housing portfolio
JLL Capital Markets announced it has arranged $36 million in financing for the acquisition of three rental residential properties with a total of 71 units at 50-58 East Third St. in Manhattan’s East Village...
Cushman & Wakefield arranges $13 million sale on behalf of PISMO
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Palm Springs, an 86-unit apartment community located in Hialeah, Florida. The final sale price was $13 million.
Calum Weaver...
FCP closes $1.188 billion FCP Realty Fund V, L.P.
FCP announced the closing of FCP Realty Fund V, L.P. (Fund V), a $1.188 billion fund targeting multifamily and commercial property opportunities throughout the United States. Fund V, when fully invested, is expected to...
Job openings again set record in July
The Bureau of Labor Statistics (BLS) recently released the Job Openings and Labor Turnover (JOLT) report for July. It again reported a series record for the highest number of job openings.
Assessing the overall jobs...
HUD releases new research on increasing affordable housing production and preservation
The U.S. Department of Housing and Urban Development released its latest research on innovative strategies being pursued by state and local governments to remove regulatory barriers to affordable housing and increase housing supply.
The new research, published by HUD’s...
Parkview Financial provides $42.5 million loan for mixed-use property to include 210 apartment units...
Parkview Financial announced it has provided a $42.5 million construction loan to Monroe Germantown Holdings, LLC for the development of Artist Lofts, a mixed-use property located at 1217-31 2nd Ave N in the Germantown...
Intercontinental Real Estate Corporation enters Sacramento market partnering with Security Properties on 244-unit multifamily...
Intercontinental Real Estate Corporation (Intercontinental) in joint venture with Security Properties have acquired Broadleaf Apartments, a 244-unit Class B+ garden-style apartment community located in the Pocket neighborhood of Sacramento, Calif.
The off-market transaction represents a...
Thayer Manca Residential sells renovated Washington property for $60 million
Thayer Manca Residential (TMR) has sold their latest multifamily property in Lakewood, Washington, Citizen & Oake, for $60,000,000. The Seattle-based investment firm acquired the 231-unit apartment community in August 2016 for $32,950,000 and completed...
