Mesa West Capital funds $49.2 million loan for recapitalization of Palm Beach County multifamily...
Mesa West Capital has provided a joint venture of ESG Kullen and Angelo Gordon with $49.24 million in first mortgage debt for the recapitalization of a 219-unit multifamily property in Palm Beach County, Florida.
The...
Ian Anderson joins Cushman & Wakefield’s Sunbelt Multifamily Advisory Group
Cushman & Wakefield announced that the commercial real estate services firm has hired Ian Anderson to join the Sunbelt Multifamily Advisory Group where he will focus on multifamily investment sales in the Nashville and Eastern,...
Kairos Investment Management Company acquires 103-unit affordable multifamily property in Glendale, Colorado
Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has acquired Forest Manor Apartments, a 103-unit affordable multifamily property in Glendale, Colorado.
“Kairos is constantly looking...
Apartment rents remain flat, perhaps for a while
Apartment rent growth has been rapidly cooling off since peaking in March 2022. But that trend could be leveling off—at least for now.
Effective asking rents inched up 0.16 percent year-over-year nationally as of November...
ECI Group announces sale of The Columns at Timothy Woods Apartments in Athens, Georgia
ECI Group (ECI) announces the sale of The Columns at Timothy Woods apartments at 2035 Timothy Road in Athens, Georgia to Fogelman Properties. The 204-unit, 1996-vintage community was acquired by ECI in April 2019....
Cushman & Wakefield Continues to Strengthen Multifamily Services in Denver Colorado with Kevin Phelan
Cushman & Wakefield announced that Kevin Phelan has joined as a Senior Director with the firm’s Multifamily Services division in Denver, Colorado. Phelan brings over 13 years of industry experience covering multiple asset classes...
TMG Partners announces Matt Field promoted to president
TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, today announces the promotion of CIO Matt Field to President with expanded responsibility for the firm’s Bay Area Region real estate portfolio.
Matt...
Power Pros with Dan Drees
Yield PRO TV presents Power Pros. Host Linda Hoffman talks with Dan Drees, Chief Growth Officer of AvidXchange.
Transcript: Power Pros interview. Linda Hoffman with Dan Drees, recorded August 20, 2021
(music)
Linda Hoffman: One word drives...
The Multifamily Group brokers 32 units in Mount Pleasant, Texas
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Pine Ridge's sale in Mount Pleasant. Advisor Yonnic Land represented the seller and procured the buyer.
"The seller...
Secretary Ben Carson’s open letter to HUD Employees
Dear Colleagues,
By now, many of you may have read media accounts indicating that we’ve changed HUD’s mission statement and that these changes signal some sort of retreat from our legal and rightful role in...
Apartment supply from both sides – deliveries and starts
Multifamily analysts take a look at apartment supply from both sides, predicting the market will work through its current supply overhang by 2026/2027.
In his latest blog on LinkedIn, RealPage market analyst Carl...
JLL Arranges $4M Acquisition Financing for Short-Term Rental Apartments in Savannah Georgia
JLL Capital Markets announced that it arranged $4 million in acquisition financing for Alice Hall, a 14-unit apartment building with plans to be converted into a short-term rental in Savannah, Georgia.
Alice Hall is a...
Downtown Tempe’s “The Local” to Open April 2019
The Local, a new, multimillion dollar, mixed-use development located in the heart of downtown Tempe at University Drive and Ash Avenue, is set to welcome its first residents April 2019. This newest addition to...
Cushman & Wakefield arranges $26.3 million sale on behalf of FPA Multifamily
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Haven, a 220-unit apartment community located in Hoover, Alabama. The final sale price was $26.3 million.
Andrew Brown,...
Prism and Northwestern complete purchase of Woodbridge, N.J., redevelopment site
A joint venture of Prism Capital Partners and Northwestern Mutual Insurance Company has completed the purchase of a five-acre redevelopment parcel at the corner of Rahway Avenue and Green Street in Woodbridge. With full...
