New multihousing community near Madison sells
JLL Capital Markets announced that it has closed the sale of and arranged $28.275 million in acquisition financing for 1 Glenn Place, a 191-unit, multihousing community in the suburban Madison community of Fitchburg, Wisconsin.
JLL...
Commercial finance veteran Suzanne Weiss joins Draper and Kramer as senior vice president
Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce it has named Suzanne Weiss as senior vice president, commercial mortgage servicing, for its Commercial Finance Group. An industry veteran...
$43 million refinancing arranged for BELA in Jersey City
JLL Capital Markets announced that it has arranged a $43 million bridge loan for BELA, a newly constructed, 104-unit, luxury multihousing community in the growing Bergen-Lafayette neighborhood of Jersey City, New Jersey.
JLL represented the...
California spends big on housing
Governor Newsom of California recently signed AB 140 into law. This bill is a trailer to the 2021-21 California State Budget and funds ambitious housing and homelessness prevention programs in the state. It allocates...
Institutional Property Advisors arranges boutique apartment asset sale in the Northwest Valley area of...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Strayhorse Arrowhead Ranch, a 136-unit apartment property in the Arrowhead Ranch master-planned community of Glendale, Arizona. The $45 million sales...
Power Hitters with Michelle Foster
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Michelle Foster, VP, Sustainability, Home Innovation Research Labs.
Transcript: NAHB Power Hitters interview. Linda Hoffman with Michelle Foster, recorded July 8, 2021
(music)
Linda Hoffman:...
New multihousing community near Minneapolis sells for $59 million
JLL Capital Markets announced that it has closed the $59 million sale of and arranged $44.25 million in acquisition financing for The Cielo Apartments, a 269-unit, multihousing community in the Minneapolis suburb of Fridley,...
Institutional Property Advisors negotiates $88.8 million multifamily sale in West Valley in Greater Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parc Roundtree Ranch, a 275-unit, newly constructed multifamily asset in Peoria, Arizona. The property sold for $88.8 million, or $322,909 per...
Fannie Mae lowers near-term GDP growth forecast
Fannie Mae’s July economic and housing forecast projects a flattening of the GDP growth curve in 2021, with lower growth in Q2 but higher growth in Q3 and Q4 than projected in earlier forecasts....
New multihousing community in Milwaukee sells for $53 million
JLL Capital Markets announced that it has closed the $53 million sale of Vim + Vigor, a new, 274-unit, mid-rise multihousing community in the Brewery District of Milwaukee, Wisconsin.
JLL marketed the property on behalf...
Cushman & Wakefield arranges sale on behalf of Quintus Development and The Carlyle Group
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Rey on Reynolds, a 286-unit apartment community located in Duluth, Georgia, a suburb northeast of Atlanta.
Robert Stickel...
July apartment market conditions showed improvement across all metrics
Apartment market conditions showed continued improvement in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2021. For the first time since October 2015, the Market Tightness (96), Sales Volume...
Institutional Property Advisors closes luxury multifamily asset sale in Dallas
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Olympus at Ross, a luxury 368-unit multifamily complex in Dallas, Texas.
“Olympus at Ross is a stabilized asset located in the...
Interra Realty brokers $5 million sale of 40-unit rental community in Chicago’s Rogers Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $5.025 million sale of 7363-83 N. Winchester Ave., a two-building, 40-unit rental community in Chicago’s Rogers Park neighborhood. The price per...
Magma Equities acquires 359-unit multifamily community in Raleigh/Durham, NC for $42.4 million
Multifamily investment firm Magma Equities (Magma) in partnership with Viking Partners has acquired University Apartments, a 359-unit apartment community located in the Duke submarket of Durham, NC, in an off-market transaction for $42.4 million.
Magma...
