Strategic Student & Senior Housing Trust breaks ground on expansion of senior housing community...
Strategic Student & Senior Housing Trust, Inc. (SSSHT), a public, non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced today that SSSHT has broken ground on an expansion of Courtyard...
Institutional Property Advisors closes three-property multifamily portfolio sale in North Dallas
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the LH3 Portfolio; three multifamily properties located in Richardson and Dallas, Texas. The assets in Richardson are Belterra, 314 units...
HUD charges New York housing providers with discriminating against resident with disabilities
The U.S. Department of Housing and Urban Development (HUD) today announced it is charging a New York property owner and manager with housing discrimination.
HUD alleges that James W. Ray Jr., Jim Ray Homes, Inc.,...
BLS reports mixed results for jobs
This week, the Bureau of Labor Statistics (BLS) released its Job Openings and Labor Turnover (JOLT) report for June. Its data on the parts of the jobs market of interest to the multifamily industry,...
Cityview sells Los Angeles Opportunity Zone project to Virtu Investments, LLC for $70.5 million
Cityview, a premier urban multifamily investment management and development firm, today announced the sale of Mira, a 174-unit multifamily community in the San Fernando Valley Region of Los Angeles. An opportunity zone deal, Cityview...
Three mixed-use buildings in Brooklyn sell for $22.35 million
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of 119-123 Kent Avenue, three contiguous mixed-use buildings in Brooklyn’s Williamsburg...
HUD implements new CARES Act multifamily mortgage payment relief to maintain and preserve affordable...
The U.S. Department of Housing and Urban Development (HUD) announced it is issuing new mortgage payment relief guidance under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) for borrowers with multifamily mortgages...
Institutional Property Advisors closes $58.24 million multifamily asset sale in Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Villas Los Limones, a 224-unit multifamily asset in Phoenix, Arizona. The $58.24 million sales price represents $260,000 per unit.
“Villas Los...
The Wolff Company breaks ground on new senior living community in Kirkland
The Wolff Company—a Scottsdale-based private equity firm and senior living developer—has broken ground on Revel Kirkland, a new independent living apartment community located on the former LifeBridge Church site in the Totem Lake neighborhood....
Upper East Side multihousing development site sells for $32.325 million
JLL Capital Markets announced that it has completed the $32.325M sale of 1303-1309 Third Ave., a premier corner development site on New York City’s Upper East Side.
JLL worked on behalf of the seller Gastonia,...
BizFed earthquake preparedness seminars to focus on creating a safer Los Angeles County
A series of earthquake preparedness seminars focused on creating a safer Los Angeles County has been announced by the Los Angeles County Business Federation (BizFed).
In the aftermath of this summer's 7.1 earthquake in Ridgecrest and...
Parkview Financial provides $28 million construction loan for a 126-unit, 55+ apartment project in...
Parkview Financial announced today it has provided a $28 million construction loan to a San Marcos, CA-based private developer for the development of Paradise Senior Apartments, a five-story, 126-unit 55+ market rate apartment project...
Scott Croul named to head small balance loan platform for RED Mortgage Capital, LLC
Scott Croul has been named Senior Managing Director and Head of Small Balance Originations for RED Mortgage Capital, LLC, the Mortgage banking arm of comprehensive capital provider RED Capital Group LLC.
Croul joined RED on...
$21.258 million in financing secured for Colorado apartment community
JLL Capital Markets announced that it has arranged the refinancing of Gateway Place Phase II Apartments, a 144-unit, three-story, garden-style multihousing community in Greeley, Colorado.
JLL worked on behalf of the borrower, Morgan Energy to...
Kiser Group announces promotion for North Side advisor Rick Ofman to Director
Kiser Group, Chicagoland’s leading multifamily brokerage firm, announces a new promotion. Rick Ofman has been promoted to Director after five years with the company. As Director, Rick will continue to specialize in the sale...
