RealPage presents 2021 market outlook
RealPage recently presented a webinar forecasting the likely trends for the multifamily housing market over the next two years. Presenters were Greg Willett, Chief Economist, and Adam Couch, Market Analyst.
The webinar spent significant time...
Kidder Mathews creates client services role, appoints veteran CRE professional Paul Klink
Kidder Mathews, the largest independently owned commercial real estate firm on the West Coast, has promoted Paul Klink to President of its new Client Services endeavor, which will focus on expanding Kidder Mathews’ client...
Two-property 408-unit multifamily sale completed by Marcus & Millichap in Fort Worth
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Falls and Oak Village, a two-property, 408-unit apartment asset in...
RPH Multifamily Group of Marcus & Millichap sells multifamily asset at the highest price...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Madison Parc, a 108-unit apartment property located in Fort Walton Beach,...
Langdon Street Capital adds Broadstone Crossing to its portfolio
JLL Capital Markets announced that it handled the sale of the 225-unit Broadstone Crossing Apartments (“Broadstone Crossing”) in Austin, Texas.
JLL worked on behalf of the seller to complete the sale to the buyer, Langdon...
Rents fall in December
The latest rent reports from Yardi Matrix and Apartment List continue to show declining rents for the country as-a-whole. However, they both also show wide variations in results between different metro areas.
Rent slide continues...
Windemere Apartments in Raleigh sold for $26 million
JLL Capital Markets announced that it has closed the $26 million sale of the 168-unit Windemere Apartments in North Raleigh, North Carolina.
JLL represented the seller, Northland Investment Corporation, in completing the sale to the...
Jobs market stalls at year-end
Two recent reports from the Bureau of Labor Statistics (BLS) describe the current labor situation. They are the Employment Situation Report for December and the Job Openings and Labor Turnover (JOLT) report for November....
Parc Station apartments near Fort Lauderdale purchased
JLL Capital Markets announced that it has closed the sale of Parc Station, a 336-unit Class A apartment community in Hollywood, Florida, part of the greater Fort Lauderdale area.
JLL worked on behalf of the...
Berkadia secures $10.25 million equity investment for Encore Multi-Family’s 208-unit development in Phoenix area...
Berkadia has sourced a capital partner for Encore Chandler, a 208-unit, class-A, multifamily development in Downtown Chandler between Dallas-based Encore Multi-Family and a Real Estate Investment Trust. Berkadia’s JV Equity & Structured Capital team...
Marcus & Millichap arranges the sale of a 4-unit apartment building
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 6336 North Magnolia Avenue, a 4-unit apartment property located in Chicago,...
Franklin Street brokers $18.8 million multifamily sale in South Florida opportunity zone
Franklin Street has arranged the sale of a 180-unit value-add apartment community in South Florida for $18.8 million, or $104,444 per unit. The community is located in a federally identified Opportunity Zone in Lauderhill,...
Financing arranged for pair of Fort Worth apartment communities
JLL Capital Markets announced that it has arranged financing for Hidden Lakes and The Ranch at Fossil Creek, apartment communities totaling 586 units in the Fort Worth-area community of Haltom City, Texas.
JLL worked on...
Kiser Group advises on $1.6 million Evanston, Illinois apartment property sale
Kiser Group, Chicago’s leading multifamily brokerage firm, advised on the sale of 820-822 Reba Place, a 12-unit multifamily property, in Evanston, Illinois. 820-822 Reba Place sold for $1,675,000 with Director Matt Halper, Advisor Danny...
The RADCO Companies announces $59 million sale of Sunstone Palms in Tampa, Florida
The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Sunstone Palms, a 536-unit apartment community located at 12702 University Club Drive in Tampa, Florida. The property...
