Signature Place homes in burgeoning Des Moines sells
JLL Capital Markets announced it closed the sale of the Signature Place, a 261-home, garden-style apartment community in West Des Moines, Iowa. The sale involved the assumption of the existing Fannie Mae debt that...
$32 million apartment property sale in Northern Nevada facilitated by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Keyway Apartments, a 230-unit apartment asset in Sparks, Nevada. The property...
Institutional Property Advisors finalizes suburban Dallas multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Riley, a 262-unit multifamily property with five retail spaces located in the CityLine mixed-use development in Richardson, Texas.
“The Riley’s...
Residential construction spending jumps in January
The Census Bureau’s report on residential construction spending for January shows a 2.7 percent increase from December’s level. Overall construction spending was up 0.9 percent for the month and was 3.8 percent higher than...
Parkview Financial provides $100 million loan for redevelopment of Harrah’s Reno Hotel and Casino...
Parkview Financial announced it has provided a $100 million loan to Reno City Center, LLC, an affiliate of Las Vegas-based CAI Investments, for the renovation and redevelopment of Harrah’s Reno Hotel and Casino to...
Texas Mid-Cities apartment asset sale brokered by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fielder’s Glen, a 220-unit apartment property built in 1985 in Arlington,...
Multifamily asset sold in Tallahassee by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Le Marais Apartments, a 24-unit apartment property located in Tallahassee, Fla.,...
Multifamily property values increase in January
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continued to rise in January.
Defining the indices
The CoStar report focuses on a relative measure of property values called the...
Interra Realty brokers $4.55 million sale of Suburban Chicago apartment community
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $4.55 million sale of Warwick Apartments, a 32-unit rental community at 312-316 N. Warwick Ave. in Westmont, Ill., a western...
Institutional Property Advisors completes apartment property sale in suburban Dallas-Fort Worth
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Somerset, a 372-unit multifamily asset in Lewisville, Texas.
“The Lewisville submarket has experienced strong multifamily fundamentals, including average occupancy of 95.6...
Renters’ credit scores improve despite COVID
A new report from TransUnion paints a relatively positive picture of the financial positions of America’s renters as we head into 2021.
Collecting the data
TransUnion has done an analysis of renter credit activity data the...
San Francisco multihousing lease up financed for $104 million
JLL Capital Markets announced that it arranged the $104 million refinance of City Gardens, a recently developed multihousing property located in San Francisco, California.
JLL worked on behalf of the borrower, Panoramic Interests, to secure...
One of the largest urban redevelopment projects financed
JLL Capital Markets announced that it has arranged a $189 million construction loan for the development of the first phase of Port Covington, which, at up to 18 million square feet, will be one...
Institutional Property Advisors negotiates metroplex multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Union at River East, a multifamily asset with 181 apartments and nine live-work units with ground-floor retail in the...
Avison Young brokers $16.22 million sale of 56-unit apartment property in Buena Park, California
Avison Young announced it has brokered the $16.22 million sale of Sunrise Apartment Homes, a 56-unit multifamily property located at 8462 Whitaker Street in Buena Park, CA.
Avison Young Principal Peter Hauser and Associate Matt...
