New Providence Gardens sells for $58.5M in transaction arranged by Gebroe-Hammer Associates
New Providence Gardens, a 232-unit garden-apartment community located within one of the most affluent corners of New Jersey, has been sold for $58.5 million in a trade arranged by Gebroe-Hammer Associates of Livingston. Executive...
Remarks by Secretary Carson at the Innovative Housing Showcase Opening Kickoff
As prepared for delivery. The speaker may add or subtract comments during his presentation. Welcome, everyone, to the inaugural Innovative Housing Showcase! My ride this morning was a 3D-printed car – a 3D-Printed Utility Vehicle (PUV),...
Yardi reports steady rent growth
Yardi Matrix released its May report on the multifamily housing market, covering the market’s performance through April. The report describes a market with moderate year-over-year rent growth. Still growing … Yardi Matrix reported that the average...
Metonic Real Estate Solutions acquires Beaumont’s Sienna Apartments
Metonic Real Estate Solutions is proud to announce the closing of Sienna Apartments in Beaumont, TX. Metonic is prepared to deliver an unmatched experience for both residents and investors through driving earnings growth and long-term value...
Confidence in apartment and condo housing sectors weakens in first quarter of 2019
Confidence in the market for new multifamily housing weakened in the first quarter of 2019, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two...
Paredim Partners purchases Cambridge Oxford Apartments steps from Yale University
Paredim Partners LLC (Paredim) a premier owner operator of multifamily properties in the Northeastern United States, is pleased to announce the acquisition of Cambridge Oxford Apartments, a boutique apartment complex located in the heart...
HFF arranges $20.5M financing for mixed-use development in Point Loma, California
HFF announces it has arranged $20.5 million in financing for The Californian, a luxury residential and retail mixed-use development in the coastal San Diego submarket of Point Loma, California. HFF worked on behalf of Murfey...
Cushman & Wakefield arranges sale for Cortland and Oaktree Capital Management
Cushman & Wakefield has arranged the sale of Canopy, a 684-unit apartment community located in Norcross, Georgia. Mike Kemether and Tyler Averitt of Cushman & Wakefield represented the sellers, Cortland and Oaktree Capital Management,...
Cooper Carry-designed Columbia Place opens in Washington, D.C.
Design firm Cooper Carry has announced the completion of Columbia Place, a 12-story mixed-use development that features hospitality, residential and retail offerings in the heart of the Shaw Historic District in Washington, D.C. The...
Novare Group, Prestwick, BCDC break ground on Foundry Yards
Novare Group, Prestwick Companies and Batson-Cook Development Company have broken ground on Foundry Yards, a 268-unit luxury apartment community in the Parkside District in Birmingham, Ala. “Birmingham is the economic center of, and for many...
Legacy Partners announces opening of 208-unit Seattle-area community
Legacy Partners (Legacy), a privately-owned national real estate firm, and Momentum Partners (Momentum) announced today the grand opening of Wellstone at Bridgeport, located at 12535 Bridgeport Way SW in Lakewood, WA. The 208,000-square-foot, four-story...
Marcus & Millichap arranges the sale of a 90-unit apartment building
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Serenity Creek, a 90-unit apartment property located in St. Petersburg,...
Census releases housing construction data for April 2019
The Census Bureau released its new monthly residential construction report for April 2019. The report shows relative strength in the three measures of multifamily housing construction activity that we track. Permits rise The preliminary report for April...
Details announced for Cardinal Crossing, Forest Acres’ first-ever mixed-use community
The Beach Company announced details for Cardinal Crossing, the first-ever mixed-use community in the highly sought-after Forest Acres neighborhood in Columbia, S.C. Plans for the development include diverse retail and dining options in addition...
Construction materials prices steady in April
The Bureau of Labor Statistics (BLS) released its producer price index report for April, 2019. It showed that overall prices for processed goods for intermediate demand fell by 0.1 percent in the month after...
