Grubb Ventures, Stiles sell luxury multifamily development The Carolinian in Raleigh, North Carolina
A joint venture of Stiles Residential Group (SRG), a division of Fort Lauderdale-based Stiles, and Raleigh-based Grubb Ventures has sold The Carolinian, a new 186-unit luxury apartment mid-rise in one of Raleigh’s most exclusive...
Kiser Group brokers 2000 Illinois in Aurora, Illinois
Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 2000 Illinois, a 128-unit, 5-story property in Aurora, Illinois. FPA Multifamily acquired the asset. Kiser Group’s Matt Halper and Danny Mantis represented both the buyer...
Davlyn Investments acquires third Phoenix apartment community
Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $112,500,000 purchase of The Boulevard, a 294-unit, luxury, multifamily community in Phoenix, Arizona. The property, which will be re-branded “Boulders at...
Pink elevator for breast cancer awareness running at The Viridian on Sheridan in Lakeview
Lakeview’s newest luxury apartment project, Viridian on Sheridan, is supporting the Susan G. Komen foundation with Chicago’s first “Ride the Pink Elevator” campaign. The goal of the pink elevator campaign is to raise funds...
ABI Multifamily brokers 34-unit Northwest Phoenix apartment community for $9.5 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $9,500,000 / $279,412 Per Unit / $376.15 Per SF sale of Urbana at Hayward, a...
Jefferson Apartment Group sells Jefferson Lighthouse Place for $55 million closing out the Starwood...
Jefferson Apartment Group, a leading multifamily developer and operator specializing in premier apartment communities throughout the Eastern U.S., announces today the sale of Jefferson Lighthouse Place, a 243-unit luxury apartment community in Pompano Beach,...
$34.5 million construction loan arranged by Marcus & Millichap Capital Corporation
Marcus & Millichap, financing subsidiary Marcus & Millichap Capital Corporation (MMCC), has arranged a $34.5 million construction loan for a 48-unit condominium development project in Pasadena, California.
“After completing the first phase of the project, with financing...
Institutional Property Advisors brokers San Fernando Valley apartment asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Addison Arms Apartments, a 57-unit apartment building in the Sherman Oaks neighborhood of Los Angeles, California. The property sold for...
Stiles celebrates groundbreaking of the Main Las Olas signature mixed-use towers, announces first office...
Fort Lauderdale-based Stiles, along with partners Shorenstein Properties LLC, an owner and operator of high-quality office, residential and mixed-use properties across the U.S., and Broward College celebrated today the groundbreaking of The Main Las...
Bascom Arizona Ventures acquires Phoenix Class A multifamily property for $89.2 million
Bascom Arizona Ventures, LLC a subsidiary of Irvine, California-based private equity firm The Bascom Group, LLC has acquired the Tempo at McClintock Station Apartments ("Tempo"). Tempo is a mid-rise multifamily property consisting of 423...
Construction materials prices steady in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April, 2019. It showed that overall prices for processed goods for intermediate demand fell by 0.1 percent in the month after...
Wood Partners announces grand opening of Alta Baytown in Texas
Wood Partners, a national leader in multifamily real estate development and acquisition, announced earlier today the grand opening of its newest luxury residential community—Alta Baytown—in Baytown, Texas.
The new, residential community is located at 1600...
NAHB commends White House commitment to workforce development
Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn., issued the following statement marking the one-year anniversary of the White House executive order...
The Kanner Group completes $15.525 million sale of The Galaxy Apartments, a 95-unit multifamily...
Matthew Kanner, President of The Kanner Group of KW Commercial, is pleased to announce he has completed the $15.525 million sale of The Galaxy Apartments, a 95-unit multifamily property located at 835 W. Rosecrans...
Jobs market growth disappoints in April
The latest Employment Situation Report from the Bureau of Labor Statistics shows that jobs categories of interest to builders and operators of multifamily housing eked out employment gains in April.
Growth in total employment slows
The...
