Yardi Matrix reports steady rent growth
Yardi Matrix released its July report on the multifamily housing market. The report shows that the fundamentals of the market remain strong. Rents show continued steady increase When we last checked in with Yardi Matrix in...
Marcus & Millichap arranges $4.6 million deconversion sale in Chicago’s Buena Park neighborhood
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the deconversion sale of 4072 N. Sheridan Road, a four-story, 16-unit multifamily building...
$71.75 million buys award-winning suburban Phoenix multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Alta San Marcos, a 273-unit apartment complex in Chandler, Arizona. The property sold for $71.75 million, or $262,821 per unit....
Mill Creek Announces Grand Opening of Modera Edgewater
Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the grand opening of Modera Edgewater, a luxury apartment community located in Miami’s vibrant Edgewater...
Construction material prices steady in July
The Bureau of Labor Statistics (BLS) released its producer price index report for July 2019. It showed that overall prices for processed goods for intermediate demand rose by 0.2 percent in the month. However,...
Pathfinder Partners acquires value-add multifamily community in Denver suburb
Pathfinder Partners, a San Diego-based firm specializing in value-add real estate investments, announced today the $20,725,000 acquisition of The Station—a 97-unit multifamily community at 2100 W. Berry Ave in Littleton, Colo., a Denver suburb....
StreetLights Residential breaks ground on Phase Three of Frisco development
StreetLights Residential recently broke ground on the third phase of their residential project within The Canals at Grand Park. The four-story development, The Margo, will bring 358 new residences to this fast-growing neighborhood in...
FHA issues new condominium approval rule
In an effort to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers, the Federal Housing Administration (FHA) today published a long-awaited final regulation, and policy implementation guidance, which establish a new condominium...
Cushman & Wakefield represents Preston-Giuliano Capital Partners in $59 million sale of Mezzo of...
Cushman & Wakefield has negotiated the sale of Mezzo of Tampa Palms, a 340-unit multifamily asset in the exclusive Tampa Palms community of northeast Hillsborough County. Boston-based global real estate private equity firm Taurus Investment Holdings acquired the property...
Related and Hudson top out Riverwalk Park, a 21-story building bringing 340 new units...
Related Companies and The Hudson Companies today announced the topping out of Riverwalk Park, a 100 percent affordable, 340-unit building at 460 Main Street on Roosevelt Island. Related and Hudson broke ground on the...
Marcus & Millichap arranges the sale of Xanadu Court, a 10-unit apartment building in...
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Xanadu Court, a 10-unit apartment property located in Gainesville, Fla.,...
Stepp Commercial completes $1.82 million sale of a 8-unit apartment property on the Eastside...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $1.82 million sale of an eight-unit apartment property located at 1746 E. 10th Street in Long Beach. The...
KTGY Architecture + Planning unveils design behind Ramsey Homes Apartments in Alexandria, Va.
The Tysons office of KTGY Architecture + Planning, an international award-winning architecture firm, today revealed details behind the design of Ramsey Homes Apartments, a 52-unit affordable rental community in the Parker-Gray Historic District of...
Bell Partners acquires 249-unit apartment community in Pompano Beach, Florida
Bell Partners Inc., one of the nation's leading apartment investment and management companies, announced that it has acquired Overlook Pointe, a 249-unit apartment community in Pompano Beach, Fla. on behalf of its Fund VI...
Interior announces improvements to the Endangered Species Act
Today the Department of the Interior announced changes that will improve the way the Endangered Species Act is applied—changes that will benefit property owners and species. Interior’s new rules terminate an illegal and counterproductive...