Vista Investment Group acquires San Francisco-area apartment community for $91 million
Vista Investment Group in partnership with Tokyu Land US Corporation (“TLUS”), a fully-integrated real estate development and investment company, has acquired the Northridge Apartments, a 221-unit garden-style apartment community in the San Francisco East...
TCN Worldwide announces Vince Provenzano as a Regional Vice President
H. Ross Ford, president and CEO of TCN Worldwide, is pleased to announce Vince Provenzano, President of Brokerage at Pacific Coast Commercial/TCN Worldwide will serve as the new regional vice president for the West...
Newmark Arranges $140M Recapitalization for Luxury Seniors Housing Facility Corso Atlanta in Georgia
Newmark announces it has arranged the $140 million recapitalization for Corso Atlanta, a 203-unit luxury seniors housing asset located at 3200 Howell Mill Road in Atlanta, Georgia.
Newmark Senior Managing Director Sarah Anderson, President of...
Money Talks with Thomas Mannschreck
Yield PRO TV Money Talks host Michael Thomas talks with Thomas Mannschreck, President, Thomas Development Company.
Joint Venture Between PCCP and Advenir Azora Announces Development of 206-Unit Built-for-Rent Community Leo...
A joint venture between PCCP and Advenir Azora has announced the ground-up development of Leo at Wendell, a 206-unit, cottage-style built-for-rent (BFR) community located at 313 Old Battle Bridge Road in Wendell, North Carolina.
The...
January apartment market conditions show improvement
Apartment market conditions generally improved according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for January 2022. The Market Tightness (69), Sales Volume (59), and Equity Financing (67) indexes all...
Marcus & Millichap’s IPA Capital Markets Arranges $75M Financing for Midtown Manhattan Office-to-Residential Conversion...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, specializing in capital markets services for major private and institutional clients, has secured $75 million in acquisition financing for the former Pfizer headquarters in...
Lumber prices lead construction materials prices higher in March
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices jumped 0.7 percent month-over-month in March on a seasonally adjusted basis. The index of components and...
Record apartment deliveries and absorption expected in 2024
In a mid-year look at the multifamily market, Berkadia reports that record levels of new supply are arriving but strong absorption is causing most of that new supply to be occupied.
Deliveries surge
Berkadia anticipates that...
Red Capital Group arranges $7.8 million construction loan to convert historic building to apartments...
Red Capital Group LLC (RED) recently arranged a $7.8 million construction loan for Tobacco Road apartments, an adaptive reuse of an historic building in Landisville (Lancaster County), Pennsylvania. Total project cost is $9.6 million.
The...
Unlocking a smart future
Smart technology is unlocking the door to a better experience for apartment renters, making management’s job easier and increasing the value of multifamily assets, say providers of smart apartment technology, the latest industry trend.
Companies...
Census reports solid multifamily housing construction results
The Census Bureau released its monthly new residential construction report for May 2021. It stated that some results were down from those in recent reports, but they were still strong compared to historical levels.
Multifamily...
Avison Young brokers $15 million sale of mixed-use residential building in Rego Park
Avison Young’s New York office announced that its Tri-State Investment Sales Group has arranged the sale of 92-40 Queens Boulevard, a mixed-used residential building also known as “The Calmar” in Rego Park, Queens, for...
Korman Communities Hosts Ribbon Cutting for Multifamily Community AVE Paradise Valley in Phoenix
AVE, the residential real estate brand of Korman Communities, in partnership with RXR, today announces the opening of AVE Paradise Valley (12400 North Tatum Boulevard in Phoenix, Arizona), a new residential community with 400...
Unconventional smart technology solutions for property managers
Smart lockboxes, work-from-home tech, and environmental sensors are revolutionizing the way property managers handle their day-to-day operations, while also bringing best service to potential and current renters.
With these unconventional smart tech solutions, you’ll increase...
