CBRE arranges sale of Strata to affiliate of The Green Cities Company for $95.5...
CBRE announced that it has arranged the $95.5 million sale of Strata, a 295-unit 100 percent market-rate multifamily community located at 500 Broadway in Malden, MA.
CBRE Capital Markets’ multihousing experts Simon Butler, Biria St....
Institutional Property Advisors closes apartment asset sale in New Haven Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of West Gate Townhomes, a 135-unit multifamily asset in New Haven, Connecticut.
“West Gate Townhomes is a unique asset offering spacious suburban...
Berkadia arranges sale and finance of 414-unit multifamily community near Dallas
Berkadia announces it has arranged the sale and finance of Stewart Creek Apartments, a 414-unit garden-style community in the Dallas suburb of Frisco. Managing Directors Jay Gunn and Thomas Burns of Berkadia’s Dallas office,...
Institutional Property Advisors arranges South Salt Lake multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of ViA, a 138-unit midrise apartment building in South Salt Lake, Utah.
“ViA Apartments is a high-quality, transit-oriented multifamily asset that gives...
Interra Realty brokers $9.5 million sale of mixed-use portfolio in Chicago’s Lincoln Square neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $9.5 million sale of 4621-25 N. Lincoln Ave., a 29-unit mixed-use building with 25 apartments and four ground-floor retail spaces,...
Shopoff Realty Investments moves ahead with $90 million luxury condominium community in Newport Beach
Shopoff Realty Investments, a national real estate and investment firm based in Irvine, announced details of a $90 million luxury condominium community coming to Newport Beach as part of its $1.25 billion master-planned development,...
Builder confidence in the 55+ housing market remains high in fourth quarter
Builder confidence in the single-family 55+ housing market remained high in the fourth quarter, inching down one point from an all-time high to 82, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index...
Multifamily property values rise, but not uniformly
Recent reports from CoStar and from Real Capital Analytics (RCA) show that multifamily property values continued to increase through the end of 2020, despite the pandemic.
Defining the indices
The CoStar report focuses on a relative...
Cushman & Wakefield arranges sale on behalf of Ardmore Residential
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Ardmore Heritage, a 260-unit apartment community located in Wake Forest, North Carolina.
Watson Bryant, Jordan McCarley and Paul Marley...
The RADCO Companies announces sale of Radius Sandy Springs apartment complex in Atlanta
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Radius Sandy Springs, a 532-unit apartment community located at 7700 Colquitt Road in Atlanta, GA.
The deal represents...
Census reports on vacancies
The latest Census Bureau report on housing vacancies shows that the rental housing vacancy rate in Q4 2020 was 6.5 percent, only 0.1 percent higher than the year-earlier rate.
Big picture view
The Census Bureau report...
Institutional Property Advisors facilitates Central Texas multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Park at Estancia, a newly constructed, 320-unit multifamily property located within the master-planned community of Estancia Hill Country in Austin’s...
Westmount Realty Capital acquires garden-style multifamily community in Arizona
Westmount Realty Capital announced the acquisition of Tides at Downtown Tempe, a two-story, garden-style apartment community located at 615 S. Hardy Dr. in fast-growing Tempe. The 227-unit multifamily community consists of one-, two- and...
Gelt, Inc. acquires 352-unit apartment community for $100.5 million in Denver submarket
Gelt, Inc., is pleased to announce it has acquired Regatta Apartments, a 93 percent-leased, 352-unit multifamily community located at 10500 Irma Drive in Northglenn, CO, for $100.5 million. This substantial buy marks the Los...
76-unit Dixon Heights Apartments sold for $3.8 million 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 Dixon Heights Apartments, a 76-unit apartment property located in Andalusia, AL,...
