Colorado Springs apartments sold to Oak Coast Properties for $37.25 million
JLL Capital Markets announced that it has completed the $37.25 million sale and $28.5 million financing of the Cottonwood Terrace apartments located at 2864 Dublin Blvd in Colorado Springs, Colorado.
JLL worked on the behalf...
Northwest Washington D.C. apartments purchased in cash for $49 million
JLL Capital Markets announced that it has closed the $49 million sale of The Shaw, a multihousing apartment community in the Northwest Washington D.C. area.
JLL completed the sale from the seller, Monument Realty, to...
Colliers International Florida’s affordable housing group brokers $8.5 million sale of Indiana multifamily asset
As demand for Affordable Housing assets continues to increase in light of the COVID-19 pandemic, Colliers International Florida is pleased to announce that it recently closed on the $8.5 million sale of Shelby’s Crest,...
HEROES, HEALS and housing
The CARES act was passed to support the economy in the wake of the COVID-19 epidemic. Many of its provisions are now expiring and Congress is considering new legislation to continue to support the...
Letter from Sec. Carson: Removing red tape improves housing
Many federal regulations are like weeds growing in the Washington swamp. If left untended, the landscape becomes overgrown, preventing progress and innovation from taking root in our society. And just like pulling weeds in...
Apartment industry offers housing stability support for residents impacted by COVID-19
America’s renters and housing providers are facing unprecedented financial hardships due to the outbreak of COVID-19 and are struggling to meet their financial obligations.
As the financial distress from the outbreak of COVID-19 continues, the...
Levin Johnston directs three multifamily property sales in California Bay Area for a total...
Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed three multifamily property sales in the Bay...
Institutional Property Advisors brokers Metroplex multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Bowery at Southside, a transit-oriented, 303-unit multifamily property in the South Main Village development in Fort Worth, Texas.
“The Bowery...
Joint Venture of PCCP, LLC and the Excelsior Group, LLC acquires Mills Creek, a...
A joint venture of PCCP, LLC and The Excelsior Group, LLC has acquired Mills Creek, a Class A, newly constructed, 66-unit, single-family rental community located at 8601 Goldenrod Lane N in Maple Grove, MN....
Rents continued to decline in June
Yardi Matrix released its June 2020 report on the multifamily rental housing market. The report shows continuing softness in the market.
The rent decline continues
The nationwide average rent in June fell by $2 from its...
Silver Star Real Estate lands $30.58 million loan for acquisition of Amber Ridge
JLL Capital Markets announced the arrangement of a $30.58 million loan regarding the acquisition of the Amber Ridge Apartments located at 2421 Foothill Boulevard in the greater Los Angeles area of La Verne, California.
JLL...
Gebroe-Hammer’s Niko Nicolaou arranges $23.75 million sale of the Fairmount at McGinley Square in...
In one of Jersey City’s most popular budding multifamily investment submarkets, Gebroe-Hammer Associates has arranged the $23.75M sale of The Fairmount at McGinley Square, featuring 58 newly constructed Class A apartment homes atop 3,200...
Rate Desk Friday, July 24, 2020
July 24, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Partnering with employers in the new landscape to capitalize on the trifecta of economics: owners, tenants and employers.
Rate Desk notes July...
Power Hitters with Jim Tobin
Yield Pro presents its all-star segment, NAHB POWER HITTERS. This episode features host Michael Thomas and NAHB chief lobbyist Jim Tobin. Housing is one of the most regulated industries in the country, at the...
ABI Multifamily brokers Biltmore area apartment community for $6.95 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $6,947,500 / $365,658 per Unit / $158.55 per SF sale of Monterosa Villas, a 19-unit...
