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...
Joint Venture of PCCP, LLC and The Bainbridge Companies acquires 32.6 acres for development...
A joint venture of PCCP, LLC and The Bainbridge Companies announced it has acquired a 32.6-acre site for the construction of Bainbridge Avenues Walk, a 372-unit Class A multifamily community located at 10502 Avenues...
Ginnie Mae closes 2020 with December MBS volume at record $81.7 billion
In December, Ginnie Mae mortgage-backed securities (MBS) issuance surged to above $81.7 billion, financing housing for more than 289,000 households. December was the sixth consecutive month that MBS issuance exceeded $70 billion.
A record 57...
Rent Payment Tracker: payments up slightly from last month
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.6 percent of apartment households made a full or partial rent payment by January 6 in its survey of almost 11.3 million units of...
Single-family rentals continue to capture investor interest amid the pandemic
Single-family rental (SFR) housing, comprising 16 million housing units in the United States, continues to drive institutional investor interest, and JLL Capital Markets has capitalized on the trend by creating a new team to...
Rent delinquencies grow
The latest version of the Census Bureau’s Pulse Survey shows that a large and increasing portion of renters are behind on their rent payments.
Taking our pulse
The Pulse Survey is an experimental program that the...
Residential construction spending up in November
The Census Bureau’s report on residential construction spending for November shows a 2.7 percent increase from October’s level. Overall construction spending was up 0.9 percent for the month and was 3.8 percent higher than...
Presidio North apartments in Phoenix sold for $55.6 million
JLL Capital Markets announced that it has closed the $55.6M sale and arranged $38.6 million in acquisition financing for the Presidio North apartments located in Phoenix, Arizona.
JLL represented the seller, a charitable foundation, in...
CBRE arranges sale of Bell at Salem Station multifamily community to affiliate of Pacific...
CBRE announced that it has arranged the sale of Bell at Salem Station, a 266-unit, 100 percent market multifamily community located at 190 Bridge Street in Salem, Mass.
CBRE Capital Markets’ multihousing experts Simon Butler,...
Kiser Group advises on $7.25 million, 80-unit Lockport, Illinois apartment sale
Kiser Group, Chicago’s leading multifamily brokerage firm, advised on the sale of Lockport South Apartments in Lockport, Illinois. Located at 551 Diane Court, the 80-unit multifamily property sold for $7,250,000. Director Matt Halper, Advisor...
102-unit apartment building sold for $12 million by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Waterside Village, a 102-unit apartment property located in St. Petersburg, Fla.,...
Amazon launches $2 billion Housing Equity Fund to preserve and create over 20,000 affordable...
Amazon announced the Housing Equity Fund, a more than $2 billion commitment to preserve and create over 20,000 affordable housing units in Washington State’s Puget Sound region; Arlington, Virginia; and Nashville, Tennessee—three communities where...
Workforce housing asset sold in Pasadena, Texas
JLL Capital Markets announced that it has closed the sale of a 300+-unit, garden-style multihousing property in Pasadena, Texas.
JLL worked on behalf of the seller, 29th Street Capital, to complete the sale to the...
Institutional Property Advisors finalizes $84.35 million multifamily asset sale in Suburban Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Watermark at Gateway Place, a 250-unit apartment asset in Gilbert, Arizona. The property sold for $84.35 million, which represents $337,400...
