Institutional Property Advisors closes $54 million Greater Phoenix multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Newport, a 204-unit multifamily property in Avondale, Arizona. The asset traded for $54 million, which equates to $264,706 per unit.
“Defined...
Institutional Property Advisors brokers San Antonio multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Vecina Apartment Villas, a 297-unit multifamily property in San Antonio, Texas.
“Vecina Apartment Villas, developed by LIV Development in 2020, offers...
Cushman & Wakefield arranges $6.82 million sale on behalf of Arch Companies
Cushman & Wakefield announced the commercial real estate services firm has arranged the $6.82 million sale of Meadowbrook, a 60-unit apartment community located in Foley, Alabama.
Andrew Brown and Craig Hey of Cushman & Wakefield...
DivcoWest and Blackfin purchase 384-unit Raleigh multifamily community
A partnership between DivcoWest and Blackfin Real Estate Investors has completed the purchase of The Proper, a 384-unit residential community located at 403 Wolf Creek Circle in Raleigh, North Carolina. Built as high-end student...
Marcus & Millichap Capital Corporation arranges $20.25 million seniors housing loan
Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has arranged financing of $20.25 million for the development of Meadowview of Davenport, a seniors housing facility...
Multifamily construction sentiment declines in second quarter
Confidence in the market for new multifamily housing decreased in the second quarter, according to results from the Multifamily Market Survey (MMS) released August 19 by the National Association of Home Builders (NAHB). The...
Multifamily housing construction: permits up, starts down
The Census Bureau released its monthly new residential construction report for July 2021. It reported good results for permits, starts and completions compared to long-term averages, if not when compared to recent highs.
Multifamily housing...
Greystone Bel’s Chicago office completes sale of five-property portfolio in Rockford, Illinois totaling $43.3...
Greystone Bel Real Estate Advisors Chicago Office recently closed the sale of the Hampton Portfolio in Rockford, Illinois for $43.3 million. The multifamily portfolio consists of five-properties totaling 582 units, which equates to a...
Institutional Property Advisors brokers two-property $275 million multifamily portfolio sale along the Southern California...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of two adjacent multifamily assets located two blocks from the beach in Hermosa Beach, California. The assets are 285-unit Playa Pacifica...
Standard Communities and Faring form joint venture to create $2 billion of middle-income housing...
Standard Communities, one of the nation’s preeminent affordable and workforce housing investors, and Faring, among California’s most prolific developers, have formed a joint venture to create over $2 billion of “missing-middle” housing throughout California...
ABI Multifamily brokers 120-unit multifamily-hotel conversion opportunity for $13.2 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $13,200,000 / $110,000 Per Unit / $232.66 Per SF sale of 1410 South Country Club...
Senior living community trades for $18 million in Savannah
JLL Capital Markets announced that it has closed the $18 million sale of Summer Breeze, a 79-unit independent living, assisted living and memory care community on Wilmington Island in Savannah, Georgia.
JLL represented the seller,...
Kiser Group advises on $5 million sale of a 40-unit multifamily property in Chicago’s...
Kiser Group, Chicagoland’s leading multifamily brokerage firm, announced its closing on a 40-unit multifamily property in Chicago’s Andersonville neighborhood today. 5301 N. Ashland Ave. went under contract in four days at its full asking...
Rent payment delinquencies down slightly in July surveys
The week 34 release of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments is down slightly over the last month. In addition, the NMHC...
Westmount Realty Capital’s national investment portfolio thrives with acquisition of 14th multifamily property in...
Westmount Realty Capital announced the acquisition of West End on Eldridge, a Class A, Mediterranean-style apartment community located at 2255 Eldridge Parkway in the popular Energy Corridor in west Houston. The 192-unit multifamily community...
