The Habitat Company names Kimberly M. Sisney as Vice President, Habitat Affordable Group
Chicago-based The Habitat Company, a leading U.S. multifamily developer and property manager, announced today that Kimberly Sisney has joined the team as vice president, Habitat Affordable Group, the affordable division of The Habitat Company...
BLS reports solid jobs market data
This week, the Bureau of Labor Statistics (BLS) released its Job Openings and Labor Turnover (JOLT) report for April. Its data on the parts of the job market of interest to the multifamily industry,...
Cushman & Wakefield arranges sales of two multifamily properties
Cushman & Wakefield has arranged the sales of two apartment communities in the Greenville, South Carolina, MSA. Tai Cohen, Jordan McCarley and Watson Bryant of Cushman & Wakefield represented the sellers in the transactions. The...
CBRE Multifamily Group sells Fountainhead Apartments to FPA Multifamily, LLC for $130 million
The CBRE Capital Markets team today announced the sale of Fountainhead Apartments in Westborough, Massachusetts, for $130,000,000. Fountainhead Apartments is a 562-unit 100 percent market-rate apartment community spread through three eight-story buildings that are situated...
Construction materials prices steady in May
The Bureau of Labor Statistics (BLS) released its producer price index report for May 2019. It showed that overall prices for processed goods for intermediate demand fell by 0.2 percent in the month. The...
Tryko Partners acquires Camden Court Apartments in Baltimore, Md.
Tryko Partners, LLC has expanded its multifamily portfolio with the addition of Camden Court, a 221-unit high-rise apartment community in downtown Baltimore. The private equity investment group has plans to launch a multi-million-dollar capital...
Cushman & Wakefield brings Bergen County multifamily asset to market
River Edge at Garfield, a newly constructed, 104-unit luxury apartment community at 600 Autumn Lane in Garfield, has come online for sale, announced Cushman & Wakefield. The commercial real estate services firm’s New Jersey...
HFF closes $57.3M sale of Solis Berewick in Charlotte, North Carolina
Holliday Fenoglio Fowler, L.P. (HFF) announces it has closed the $57.3 million sale of Solis Berewick, a 275-unit, Class A apartment community in Charlotte, North Carolina. HFF marketed the property on behalf of the seller,...
RISE Properties Trust and Aegon Real Assets US acquire Bryson Square Apartments in Kent
RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, and Aegon Real Assets US (“Aegon RA”), an indirect wholly owned subsidiary of Aegon N.V., a multinational life insurance, pensions and asset...
Cushman & Wakefield arranges three-property portfolio sale for McDowell Properties
Fairways at Hartland located in Bowling Green, Kentucky Cushman & Wakefield has arranged the sale of a three-property, 697-unit portfolio located in Kentucky and Mississippi. Jimmy Adams, Robbie O’Bryan, and Craig Collins of Cushman &...
Vista Multifamily community now complete
Pathfinder Partners has completed construction on Creekside Apartments—a new 41-unit multifamily community in Vista, California—retaining San Diego-based Sunrise Management to oversee all marketing/branding, leasing and day-to-day operations. According to Matt Quinn, vice president of Pathfinder...
Washington property company’s 8250 Solaire Georgia Avenue apartment building delivers
Washington Property Company (WPC) has delivered its latest luxury apartment community, Solaire 8250 Georgia Avenue. This 20-story, amenity-rich 338-unit residence is located just two blocks from the Silver Spring (MD) Metro and multi-modal transit...
Stonebridge acquires 196-unit Atlanta metro apartment community for $33.4 million
StoneBridge Investments of Washington, DC, has acquired River Vista, a 196-unit upscale garden apartment community in the suburban Atlanta community of Sandy Springs, for $33.4 million. The seller, an affiliate of The Milestone Group,...
Passco Companies expands Texas portfolio with acquisition of 380-unit, Class A+ multifamily asset in...
Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired Tribute at the Rim, a 380-unit, Class A+ luxury...
The Annex Group’s Tom Tomaszewski joins NAHB Multifamily Council Board of Trustees
The Annex Group, LLC, a leading student and affordable housing developer, is pleased to announce the appointment of Tom Tomaszewski, chief operating officer of The Annex Group and president of Annex Construction, as a...
