Gebroe-Hammer Associates arranges $23m multifamily sale of Waterside Villas in Central Jersey
Within one of Middlesex County’s highest income-growth neighborhoods, Gebroe-Hammer Associates has arranged the $23 million sale of 100 Class-A apartment-home units at Waterside Villas, an upscale 55+ community located at 1 Overlook Dr., in...
Fore Property announces opening of The Revere in Portland, Oregon
Fore Property (‘Fore’), one of the country’s top 20 largest multifamily developers, today announced the formal opening of The Revere. An urban infill development located at 3309 N. Mississippi Street, The Revere offers an...
Tacara Village built with smart home technology from the ground up
Tacara Village, a 332-unit multifamily project, will be the first community to integrate smart home technology from the ground up at AllianceTexas, a 26,000-acre master-planned development in north Fort Worth. Built by Hillwood, one...
Stepp Commercial completes $4.44 million sale of 14-unit apartment property near downtown Culver City...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $4.44 million sale of a 14-unit apartment property located at 3240 Fay Avenue in Los Angeles. The asset...
Transwestern sells 52-unit multifamily portfolio in Northwest Washington, DC for $8.7 million
Transwestern Commercial Services (TCS) today announces its Mid-Atlantic Multifamily Group brokered the disposition of a 52-unit, three-building apartment portfolio. TCS Executive Vice Presidents Dean Sigmon and Robin Williams and Vice President Justin Shay represented...
Walters holds ribbon-cutting ceremony for LEED-Gold Cornerstone at Delanco
Walters, an award-winning developer with offices in Barnegat and Haddonfield, N.J., held a ribbon-cutting ceremony to celebrate the opening of Cornerstone at Delanco, a 64-unit premium income-restricted housing development built on the site of...
West Phoenix multifamily asset sells for $32.25 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Sonoma Sol, which will be renamed “Cordova Apartments,” a 320-unit multifamily property in Phoenix’s West Valley. The asset sold...
Michaels opens Carribean office, welcomes new regional vice president
The Michaels Organization, a national leader in residential real estate with full service capabilities in development, management, finance, and construction, announced today that it has significantly expanded its presence in the Caribbean, with the...
Yardi reports a pick-up in rent growth
Yardi Matrix released its June report on the multifamily housing market. The report describes a market with healthy year-over-year rent growth and solid occupancy numbers. Rents edge upward Yardi Matrix reported that the average rent nationwide...
Cityview appoints new managing director of capital raising and investor relations to its leadership...
Cityview, a premier multifamily investment management and development firm, today announced the addition of real estate professional Khalif Edwards as the firm’s managing director of capital raising and investor relations. With over 20 years...
Census releases housing construction data for June 2019
The Census Bureau released its monthly new residential construction report for June 2019. The report shows a softening of multifamily housing construction activity. Permits decline The preliminary report for April shows that permits for buildings with...
Washington Property Company acquires Tysons (VA) land, plans 700 Solaire-branded apartments near metro
Washington Property Company (WPC) has acquired a 5.2-acre parcel of land in the heart of rapidly redeveloping Tysons, VA, with plans to develop approximately 700 new rental apartments under its well-known Solaire brand. John...
Construction materials prices largely steady in June
The Bureau of Labor Statistics (BLS) released its producer price index report for June 2019. It showed that overall prices for processed goods for intermediate demand fell by 1.1 percent in the month. The...
Pioneering design-driven, green building for luxury multihousing in the Arizona desert
One Scottsdale developer, widely credited as pioneering modern, sustainable multifamily residential buildings in Arizona 15 years ago, is debuting the next evolution of the company’s award-winning, green-building design at its newest luxury condominium tower...
Lakewood Ranch’s newest apartment community offers spaciousness, luxury and walkability
SPM, LLC announces the opening of the Leasing Center for Residences at The Green, Lakewood Ranch’s newest luxury apartment community slated to open October 2019. Bringing luxury and innovation to this master-planned community, Residences...
