Institutional Property Advisors closes 294-unit multifamily asset in Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Westville Village Apartments, a 294-unit apartment complex in New Haven, Connecticut.
“New Haven’s ongoing growth in the educational, biotech and medical...
Solaris Lofts in Jersey City refinanced with $20.03 million agency loan
JLL Capital Markets announced that it has arranged a $20.03 million refinancing for Solaris Lofts, a 72-unit multihousing community in Jersey City, New Jersey.
JLL worked on behalf of the borrower, PERE Holdings, to secure...
Stepp Commercial completes $5.2 million sale of a 22-unit apartment property in Long Beach,...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.2 million sale of a 22-unit apartment property located at 1315 W. 19th Street in Long Beach, California.
Principal Robert...
Parkview Financial provides $9.4 million construction loan for an 82-unit multifamily development in Tacoma,...
Parkview Financial announced it has provided a $9.4 million construction loan to Emerald Bay Apartments, LLC for Emerald Bay Apartments, an 82-unit multifamily project located at 1624 E 32nd Street in Tacoma, WA. Construction...
2021 likely another mixed performance year for multifamily, says Yardi Matrix
After a year ravaged by disease, division, job losses and economic hardship, expectations for the multifamily industry in 2021 are the subject of a new Yardi Matrix outlook.
“While there does appear to be light...
Kiser Group advises on $4.15 million, 64-unit Melrose Park, Illinois multifamily sale
Kiser Group, Chicago’s leading multifamily brokerage firm, advised on the sale of Vinan Apartments in Melrose Park, Ill. Located at 2901 Vinan Drive, the 64-unit multifamily asset sold for $4.15 million. Director Matt Halper...
Alta Housing strengthens management team with hire of Marc Garcia as CFO
Alta Housing, a community-based, affordable housing developer, announces the hiring of Marc Garcia as Chief Financial Officer. Garcia has two decades of financial and accounting experience in real estate. Most recently, Garcia served as...
Another mixed report on multifamily housing construction in December
The Census Bureau released its new residential construction report for December 2020. It is the inverse of last month's report with a drop this month in multifamily housing construction permits and starts but a...
$90.5 million financing arranged for two multihousing properties in Hoboken
JLL Capital Markets announced that it has arranged $90.5 million in financing for The Vanguard and North Independence multihousing properties in the bustling Shipyard neighborhood of Hoboken, New Jersey.
JLL worked on behalf of Ironstate...
Passco acquires new, best-in-class multifamily community in Gainesville, Georgia for $65 million
Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Mill at New Holland, a new, best-in-class multifamily...
Grosvenor Americas closes sale of Wheelhouse Apartments of Fair Oaks
Grosvenor Americas (‘Grosvenor’), the privately owned international property group, announces the sale of Wheelhouse Apartments of Fair Oaks (‘Wheelhouse’), a 491-unit apartment building at 12105 Polo Drive in Fairfax, Virginia. Grosvenor bought the property...
Remodeling industry confidence is strong despite COVID-19
The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) for the fourth quarter of 2020, posting a reading of 79. The finding is a signal of residential remodelers' strong confidence in their markets,...
Housing starts end 2020 strong; Risks ahead
While housing starts ended the year on a strong note, rising lumber prices and increasing regulatory cost concerns could affect future production. Led by a solid, double-digit gain in single-family starts, overall housing starts increased 5.8 percent...
LaVie SouthPark apartments in Charlotte purchased by Starlight
JLL Capital Markets announced that it has closed the sale of LaVie SouthPark, a 321-unit multihousing property located at 5725 Carnegie Blvd. in Charlotte, North Carolina.
JLL represented the seller to complete the sale to...
MF industry associations respond to President Biden’s extension of the Eviction Moratorium
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) appreciate President Biden’s prompt and well-intended action to address the ongoing financial struggle of our nation’s 40 million renters.
However, NMHC and NAA...
