Stepp Commercial completes $2.1 million acquisition of a 12-unit apartment property in Long Beach,...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.1 million acquisition of a 12-unit, value-add apartment property located at 1135 Dawson Avenue in Long Beach, CA.
Robert Stepp...
George Currall Appointed to Chief Financial Officer of The NRP Group
The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the appointment of George Currall as Chief Financial Officer (CFO). The announcement follows the retirement of Andy Tanner, a...
Institutional Property Advisors closes 186-unit apartment property sale in West Hartford Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Westgate Apartments, a 186-unit multifamily property in West Hartford, Connecticut.
“West Hartford’s combination of small-town atmosphere and urban intensity makes it...
NeighborWorks Capital and National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
NeighborWorks Capital, a national non-profit Community Development Financial Institution (CDFI), has partnered with National Equity Fund (NEF), a leading non-profit multifamily, affordable, real estate investment manager, to launch the NeighborWorks Capital Equity Fund.
"The idea...
Sheldon Butte multihousing community in Oregon sells for $35.75 million
JLL Capital Markets announced that it has closed the $35.75 million sale of Sheldon Butte, a 176-unit, garden-style, value-add apartment community in Eugene, Oregon.
JLL represented the seller, Cumberland Holdings, LLC. Clear Capital, LLC acquired the...
Bell Partners to Rebrand SoCal Multifamily Property Silverado Apartment Homes to Bell Murrieta Springs...
Bell Partners has acquired Silverado Apartment Homes, a 492-unit apartment community located in Murrieta. The community was acquired on behalf of the company’s Value Add Fund VIII investors for $146.5 million and will be...
Avison Young completes $7.5 million sale of 34-unit apartment property in Azusa, CA
Avison Young announced today the $7.5 million sale of Rockvale Apartments, a 34-unit, multifamily property located at 333 N. Rockvale Avenue in Azusa, CA (Los Angeles county).
Avison Young’s Peter Hauser, Matt Hauser and Masa...
LV Collective Starts Work on 829-Bed ASU Student Housing Project Rambler Tempe
LV Collective, Kayne Anderson Real Estate, and Pacific Life have closed on a student-oriented multifamily development Rambler in Tempe, Arizona. Located at 1020 East Apache, Tempe, Rambler is less than a quarter mile from...
Jair Lynch Real Estate Partners Welcomes Kate Owens as New Director of Investments and...
Jair Lynch Real Estate Partners, a leading real estate advisory, investment, and development firm with presence in the Mid-Atlantic and Southeast, proudly announces two strategic appointments that underscore its commitment to excellence and innovation...
148-unit add-value apartment complex in Phoenix, Arizona sells for $14 million
Avenue 15 Apartments, a 148-unit apartment complex located at 1609 West Glendale Avenue in Phoenix, Arizona, has sold for $14,725,000. The buyer was Urban Communities, a real estate development and redevelopment company that focuses...
LSW Architects Announces Ben Kaiser as Principal
LSW Architects is thrilled to announce the addition of internationally established mass timber architect Ben Kaiser, to the LSW team partnership.
"Ben continues to be a highly sought after resource and leader within the North...
The Multifamily Group brokers 73 units in Shreveport
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Grand Oaks' sale in Shreveport. Managing Director Evan Burke represented the seller and procured the buyer.
"Northern Louisiana...
Institutional Property Advisors brokers $91 million multifamily sale in suburban Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Riata, a newly constructed, 300-unit apartment complex in Chandler, Arizona. The property sold for $91 million, or $303,333 per unit.
“The...
Draper and Kramer celebrates grand opening of 61 Banks Street in Chicago’s Gold Coast
Draper and Kramer, Incorporated, last week celebrated the grand opening of 61 Banks Street, an eight-story, 58-unit boutique rental building at Banks Street and Lake Shore Drive, on the last developable lakefront parcel in...
LEED’s bold green overhaul
After more than 10 years, the U.S. Green Building Council (USGBC) is putting out a new LEED (Leadership in Energy and Environmental Design) rating system.
According to the authors, LEED v5 is more than just...
