Lack of existing inventory boosts builder confidence to key marker
Limited existing inventory, which has put a renewed emphasis on new construction, resulted in a solid gain for builder confidence in May even as the industry continues to face several challenges, including building material...
30-year Industry Veteran Rebecca Durney Joins JLL’s Value and Risk Advisory platform
JLL’s Value and Risk Advisory platform announced that it has hired Rebecca Durney, PE CEM, as the National Agency PCA Director within its Environmental and Property Conditions team, led by Jeff Manas, Executive Managing...
Newly developed luxury apartment community trades for $53 million
JLL Capital Markets announced that it has completed the $53 million sale of BELA, a newly developed, 104-unit, luxury apartment community located within a qualified opportunity zone in Jersey City’s rapidly expanding Bergen-Lafayette neighborhood.
JLL...
Walker & Dunlop Secures $39M Refinancing for Bloom Apartments in Seattle Suburb of Kirkland
Walker & Dunlop has arranged a $39 million refinance for Bloom Apartments, a 135-unit, 3-story multifamily apartment community located in the Seattle suburb of Kirkland.
Bloom Apartments amenities include walk-in closets, vaulted ceilings (in select...
Portland smart-home startup IOTAS sells to security giant ADT
Home security company ADT has purchased Portland startup IOTAS, whose technology adapts smart-home features for apartments buildings.
IOTAS’ technology enables renters to control lights, thermostats, locks and other wireless features. Such automation is common in...
Cambridge Realty Capital Provides Refinancing on The Pointe at Eastgate Assisted Living Facility Near...
Cambridge Realty Capital provided a $15.52 million HUD Lean loan to refinance The Pointe at Eastgate, an assisted living facility located in Algonquin, Illinois.
Brent Holman-Gomez, Cambridge Senior Vice President, reported that the fully-amortized, 35-year...
Stepp Commercial completes $5.3 million sale of a newly renovated, 13-unit apartment property in...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.3 million sale of Casa 2055 Apartment Homes, a newly renovated, 13-unit multifamily property located at 2055 E. 3rd...
Institutional Property Advisors closes iconic Wilshire Boulevard multifamily sale in Los Angeles for $45.5...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Wilshire Royale, a 193-unit multifamily asset with 8,933 square feet of ground floor retail in Los Angeles, California’s Westlake District....
Kidder Mathews arranges record-breaking sale of multifamily property in Sherman Oaks
An eight-unit apartment property at 4737 Kester Avenue in Sherman Oaks, California has sold for $3,600,000. This marks a record-high price-per-unit for a rent-controlled apartment building in the 91403 zip code. Kidder Mathews’ Michael...
JLL arranges $97.5 million financing for Stamford mixed-use project
JLL announced that it has arranged $97.5 million in financing for the development of the second phase of Atlantic Station, a luxury mixed-use residential and retail property in downtown Stamford, Connecticut.
JLL worked exclusively on...
Berkadia arranges debt and equity for Class A Houston apartments
Berkadia announces it has arranged debt financing and secured an equity partner for the acquisition of The Henry at Liberty Hills (formerly known as SYNC at Liberty Hills), a 228-unit luxury garden style community...
Dominium Promotes Adam Brookins to Vice President of Construction
Dominium, a leading affordable housing owner, developer and manager announced that it has promoted Adam Brookins to Vice President of Construction for the Self Perform team.
As Vice President of Construction, Brookins will be overseeing...
$29.35 million luxury multifamily asset trades in Northwestern South Carolina
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Garden District, a 223-unit multifamily asset in Simpsonville, South...
Mogharebi Group Secures $16.5M for Sale of Bakersfield California Vantage Point Apartment Community
The Mogharebi Group (TMG) has arranged the $16.5 million sale of Vantage Point Apartments, a 144-unit multifamily community in Bakersfield, California. Senior Vice President Mark Bonas represented the buyer, a Central Valley-based investor, in...
Governor Hochul Announces Start of Construction on 328-Unit Affordable Housing Development in Brooklyn
Governor Kathy Hochul announced the start of construction on Clarkson Estates in Flatbush, Brooklyn which will feature 328 affordable apartments, including 164 supportive units for formerly homeless households. The highly energy efficient, all-electric development...
