Joint venture equity arranged to develop apartments in Portland, Oregon
JLL Capital Markets announced that it has arranged joint venture equity for the development of Modera Morrison, a 247-unit mixed-use multihousing and retail development in a qualified opportunity zone in Portland, Oregon’s popular Central...
Former Colonial Nursing Center in Massachusetts to be converted to apartments
JLL Capital Markets announced it closed the sale of the former Colonial Nursing Center in Weymouth, Massachusetts. The buyer plans to convert the property to a workforce housing asset.
Located at 125 Broad St., the...
Marcus & Millichap promotes Adam Podbelski to first vice president investments
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced that Adam Podbelski, of the company’s Tampa office, has been promoted to First Vice...
$38.325 million Uptown Phoenix multifamily asset sale completed by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Seventh, a 286-unit multifamily asset in Phoenix, Arizona. The $38.325 million sales price represents $134,003 per unit and $250 per...
New priced out study highlights the housing affordability crisis
A new study by the National Association of Home Builders (NAHB) puts a spotlight on the nation's housing affordability crisis and illustrates how even a relatively small increase in the price of a home can prevent hundreds...
Affordable Housing Investment Brokerage closes on 50-Unit, Section 8 Baker Manor Apartments in Macclenny,...
Affordable Housing Investment Brokerage Inc. (AHIB) has recently sold Baker Manor Apartments in Macclenny, Florida for just over $2.5 million, with a reserve account released to the seller as additional consideration. Managing Director Kyle...
Best in American Living awards embrace top design trends for 2021
More than 160 single-family, multifamily, interior design, remodeling and community projects were honored at the 2020 Best in American Living Awards (BALA) virtual ceremony. The awards are sponsored by Monogram Luxury Appliances, and the media partner is Professional...
Dover Hills Apartments in Morris County, NJ sells for $15.7 million in transaction arranged...
North Jersey’s high-barrier-to-entry locations continue to drive the metro’s magnetic multifamily sales as reflected in the recent $15.7M trade of Dover Hills Apartments, according to the brokerage professionals at Gebroe-Hammer Associates. The firm’s Steve...
Transwestern Investment Group acquires 283-unit apartment community in Charleston, South Carolina
Transwestern Investment Group (TIG) announces the acquisition of Daniel Island Village, a 283-unit apartment community at 455 Seven Farms Drive in Charleston, South Carolina.
“We believe the asset’s location in the upscale, master-planned community of...
Infographic: The wild ride of Big Tech
Our government has abandoned a rich and socially beneficial history of trust-busting to allow big tech to dominate people’s lives.
Tim Wu, The Curse of Bigness
Big tech value
Facebook, $759 billion
Amazon, $1.6 trillion
Netflix,...
Infographic: Deconstructing a society in lockdown
Economic lockdowns come with unintended consequences—economic destruction, surging poverty and decline in mental health among them. A new study suggests the lockdowns may not save lives. Frontiers in Public Health concluded that neither lockdowns...
LCOR refinances Altaire apartments for $135 million
JLL Capital Markets announced that it has arranged $135 million refinancing for the 451-unit Altaire apartments in Arlington, Virginia.
JLL worked on behalf of the borrower, LCOR, to secure the five-year, floating-rate loan to take-out...
One-of-a-kind Fort Worth multifamily asset sale facilitated by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Kelley at Samuels Ave, a 353-unit multifamily asset in one of the oldest neighborhoods in Fort Worth, Texas.
“Among Kelley at...
Multihousing property in Murray Hill sells for $8.7 million
JLL Capital Markets announced that it has completed the $8.7 million sale of 121 East 37th St., an 8,850-square-foot multihousing building in New York’s Murray Hill neighborhood.
JLL represented the seller. Kay-Medix acquired the newly...
CBRE arranges sale of Timberwood Commons to affiliate of Audubon Capital Partners for $69.25...
CBRE announced that it has arranged the $69.25 million sale of Timberwood Commons, a 252-unit 100 percent market rate multifamily community located at 6 Timberwood Drive in Lebanon, New Hampshire.
CBRE Capital Markets’ multi-housing experts...
