FCP announces sale of River Crossing at Roswell in Atlanta, Georgia
FCP announces the sale of River Crossing at Roswell in Atlanta, GA. The 312-unit community was acquired by FCP as River Trace Apartments in August 2016 and has been repositioned through $5.5 million in improvements...
CDC extends eviction moratorium
Dr. Rochelle Walensky, the Director of the Centers for Disease Control (CDC), has extended the agency’s eviction moratorium until July 31, 2021. The agency says that this extension is intended to be the last.
The...
RCLCO talks single family rentals
RCLCO discussed single family rentals (SFR) and build for rental (BFR) properties in conjunction with their monthly round-up webinar. The presentation was a good introduction to the reasons this market has been drawing a...
ABI Multifamily brokers Northwest Phoenix 166-unit multifamily apartment community for $26.7 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $26,726,000 / $161,000 Per Unit / $279.02 Per SF sale of Cascada Del Sol Apartments,...
JLL closes sale of Germantown, Maryland multihousing property
JLL Capital Markets announced it closed the sale of The Point at Germantown Station, a multihousing property located across 40 acres in Germantown, Maryland. JLL represented the seller in completing the sale.
The Point at...
Stepp Commercial completes $4.05 million sale of 11-unit apartment property in Fourth Street /...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.05 million sale of a newly renovated 11-unit apartment property located at 2104 E. Florida in Long Beach’s Fourth...
Institutional Property Advisors brokers $69.1 million Central Phoenix multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Level at Sixteenth, a 240-unit, mid-rise apartment community in the urban core of Phoenix, Arizona. The property traded at $69.1...
Berkadia arranges sale of Bay Harbor Islands mixed-use development site
Berkadia announces it has arranged the sale of a 1.83-acre development site in Miami’s Bay Harbor Islands. Located just west of Bal Harbour Shops, the 1177 Kane Concourse site includes 300 feet of frontage on Kane Concourse and is permitted...
Universe Holdings makes first East Coast acquisition with $60 million purchase in Toms River,...
Universe Holdings has made its first investment on the East Coast with the acquisition of Mariners Cove, a 226-unit townhome community in Toms River, New Jersey for $60 million.
The acquisition coincides with the opening...
GSEs remain dominant holder of multifamily mortgage debt in Q1 2021
A Mortgage Bankers Association (MBA) report on multifamily and commercial mortgage debt shows that the GSEs accounted for 80 percent of the increase in multifamily mortgage debt outstanding in Q1. While still high, this...
Forecasts say higher inflation is coming
A pair of forecasts, one from Fannie Mae and one from the Federal Reserve anticipate that a period of significantly higher inflation than had been predicted in earlier forecasts may be on the way.
Fannie...
RPH Multifamily Group arranges the sale of a Class-A mixed-use community in downtown Fort...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Franklin Arms, a 27-unit mixed-use property located in Fort Myers, Fla,...
Robert Bratley joins JLL’s Denver Capital Markets team
JLL Capital Markets announced that it has added Robert Bratley as a Senior Director in its Denver office. In this role, Bratley will work alongside JLL’s Jordan Robbins and Pam Koster to complete multihousing...
American Landmark acquires two Class A communities in the Dallas Metro area
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces the acquisition of Domain at Founders Parc and Alta Spring Creek, two brand new apartment communities encompassing a total of 510...
Stepp Commercial completes $2.66 million sale of 6-unit apartment property in Belmont Heights neighborhood...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.66 million sale of a six-unit apartment property located at 4108 E. Broadway in Long Beach’s Belmont Heights neighborhood.
Principal...
