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...
$60 million construction financing secured for Sovereign at Town Center apartments
JLL Capital Markets announced that it has secured $60 million in non-recourse construction financing for Sovereign at Town Center, a luxury, garden-style multihousing community in Davenport, Florida.
JLL worked exclusively on behalf of Sovereign Properties...
The Multifamily Group closes 72 units in Nacogdoches, Texas
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, recently sold Woodland Trails comprised of 72 units in Nacogdoches, Texas. TMG Managing Director Evan Burke worked with the California based seller and...
Cushman & Wakefield arranges $18 million sale of 189-unit lakefront multifamily asset
Cushman & Wakefield announced that the real estate services firm arranged the sale of Orlando on the Lake, a 189-unit lakefront multifamily asset in Orlando. The final sale price was $18,000,000, equating to more...
Berkadia arranges $55.3 million sale of Tampa Bay apartments
Berkadia announces it has arranged the sale of Brandywine Apartments, a 477-unit garden-style apartment community in St. Petersburg, Fla. Managing Director Jason Stanton of Berkadia’s Tampa office, and Senior Managing Director Cole Whitaker of...
