$42.15 million apartment asset trades hands in Tampa
Institutional Property Advisors (IPA), a division of Marcus & Millichap announces the sale of Hanley Place, a 400-unit multifamily community located in Tampa, Florida. The $42.15 million sales price equates to $105,375 per unit. “Hanley...
Levin Johnston directs rare multifamily trade in highly-coveted Palo Alto market
Levin Johnston, one of the top ten multifamily brokerage teams in the U.S., has directed the sale of Villa Sierra Apartments, a multifamily community located in the ultra-exclusive Palo Alto market. Levin Johnston represented both...
Ginnie Mae MBS outstanding increases to $1.942 trillion
Ginnie Mae today announced that issuance of its mortgage back securities (MBS) totaled $30.31 billion in March. A breakdown of March's issuance includes $28.659 billion of Ginnie Mae II MBS and $1.651 billion of Ginnie...
Four secrets to lowering your commercial insurance premiums
Based on the recent hurricane activities and other coastal disasters over the past couple years, it is no secret that an increase in 2018 insurance premium is coming. These disasters have also led to...
Grubb Properties to join program bringing affordable housing to Chapel Hill
Grubb Properties will dedicate units at Glen Lennox Apartments in Chapel Hill, N.C. to be part of an innovative, community-based coalition bringing more affordable housing to the town. In partnership with the Chapel Hill-Carrboro Chamber...
Assurant partners with sharing economy startup ApartmentJet to provide multifamily housing owners with risk...
When thinking of a short-term home rental, most people envision a vacation home near a tourist attraction. But actually, the newest ‘sharing economy’ trend is multifamily housing owners listing their units on short-term rental...
New study: Apartment renters value smart home tech above traditional amenities
A new study out by property management company Entrata shows the vast majority of the country’s renters value new and evolving smart home amenities over traditional benefits offered to apartment dwellers. The survey found that most important...
Ecore whitepaper explores the most important piece of athletic equipment – the floor –...
Growing demand for access to modern fitness facilities is driving developers to include them in more multi-use buildings, where they often share an address – and walls – with neighboring offices, residential units or...
Interra Realty brokers $1.52 million residential building sale on Chicago’s north side
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $1.52 million sale of 4063 N. Sheridan Road, a vintage condominium building in Chicago’s Buena Park neighborhood. The buyer,...
Spaces Real Estate announces start of pre-leasing at Hazel Place Apartments in Chicago’s Buena...
Chicago-based Spaces Real Estate today announced the start of pre-leasing at Hazel Place, a 15-unit rental community under construction in Chicago’s Buena Park neighborhood. Located at 4337 N. Hazel St. and originally built in...
Mortgage Bankers close record $530 billion in commercial/multifamily originations in 2017
Commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017, according to the Mortgage Bankers Association’s (MBA) 2017 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. “2017 was a very strong...
The NHP Foundation appoints Glynna Christian trustee Orrick Global Technology Transactions co-head joins organization
The NHP Foundation (NHPF) is pleased to announce that it has appointed Glynna Christian to the NHPF Board of Trustees. As Co-Head of the Global Technology Transactions practice at Orrick, Glynna brings to the Board of Trustees...
Wag! and Greystar bring on-demand dog walking and sitting to six Los Angeles apartment...
Wag!, the country’s largest on-demand mobile dog walking and dog care app, today announced that it will provide its services and custom amenities to residents of six Los Angeles apartment communities managed by Greystar. This alliance...
HUD awards record $28 billion to help hard-hit areas in nine states, Puerto Rico...
The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $28 billion to support long-term disaster recovery in hard-hit areas in nine states, Puerto Rico and the U.S. Virgin Islands. These funds...
CSM Corporation’s Candlewood Apartments receives two prestigious honors
Candlewood Apartments, a Rapid City, SD apartment community owned and operated by CSM Corporation, announced today it has been nationally recognized by two leading industry groups for their outstanding ratings and reviews from residents...
