NMHC and NAA support Senate Banking Committee’s approval of Mark Calabria to be Director...
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on the approval by the Senate Committee on Banking, Housing, and Urban Affairs of Mark Calabria’s nomination to be the next...
Affordability extended at senior housing community in Brighton, property improvements planned, resulting from $44.8...
Senior citizens living at the 200-unit Covenant House I and II housing community in Brighton have had affordable rents extended through 2052 and will see significant property improvements as a result of $44.8 million...
Marcus & Millichap arranges sale of an 18-unit apartment building in Chicago
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of an 18-unit apartment property located in Chicago, according to David...
Meridian Capital Group arranges $27.5 million in financing for The Cobalt Apartments, a multifamily...
Meridian Capital Group, America’s most active dealmaker, arranged $27.5 million in financing to refinance The Cobalt, a multifamily property in Somerville, NJ on behalf of Weiss Properties based in New Brunswick, NJ. The 12-year loan...
Levin Johnston directs two property sales totaling $23.45 million in the California East Bay...
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 successfully directed two property sales totaling $23.45 million...
Boston public housing community will undergo extensive renovation with $38.7 million in MassHousing financing
MassHousing has closed on $38.7 million in affordable housing financing to the non-profit Inquilinos Boricuas En Accion, Inc. (IBA), for the rehabilitation and preservation of the West Newton Apartments, a 146-unit public housing community...
Pre-leasing begins at The Field’s Lofts near Chicago’s Logan Square Neighborhood
Chicago-based Hubbard Street Group (HSG) today announced the start of pre-leasing at The Field’s Lofts, a 123-unit loft-style rental community housed in a portion of the redeveloped Marshall Field’s warehouse at 4000 W. Diversey...
Trion Properties sells 97-unit multifamily community in San Diego, California
Trion Properties, a private equity real estate firm that specializes in multifamily investments, has sold Willow Glen Apartments, a 97-unit multifamily community located in the rapidly growing Rolando/College Area submarket of San Diego, California,...
HUD to drastically cut notice for inspections of public housing and privately owned apartment...
The U.S. Department of Housing and Urban Development (HUD) today announced it is dramatically reducing the advance notice it provides to public housing authorities (PHAs) and private owners of HUD-subsidized apartment developments before their...
Marcus & Millichap’s Institutional Property Advisors division continues expansion with addition of Edmonton-based multifamily...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced that Bradley Gingerich, Paul Chaput, Bradyn Arth, and Jane Woertman, an established team of Edmonton-based multifamily investment advisors have joined IPA. Formerly with...
North County San Diego apartment asset trades at $19.5 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Villa Capri, a 98-unit multifamily property in Escondido, California. The sales price is $19.5 million. “The property is a well-maintained apartment...
Architectural acoustics an important component to controlling sound, noise in student housing facilities
When designing a residence hall, special attention is given to architectural acoustics to help control noise and create a calmer, more peaceful environment for the students. Understanding sound isolation, mechanical noise and vibration control,...
Michaels achieves financial closing on $61 million development in San Marcos, Texas
The Michaels Organization, a national leader in residential real estate and the largest private sector owner of affordable housing in the country, has successfully closed on $61 million in financing for Mission Trail at El...
Bozzuto selects Leonardo247 to automate operational best practices
The Bozzuto Group, one of the largest multifamily property management firms in the U.S., has announced it will deploy Leonardo247 across its entire portfolio comprised of over 70,000 residences. Leonardo247 allows Bozzuto to easily administer...
CGI Strategies acquires troubled multifamily community in Orlando, Florida for $43 million
CGI Strategies has acquired Sola at Celebration, a vacant 306-unit luxury multifamily community in Celebration, FL. The property was purchased from Southstar Capital Group in a transaction valued at $43 million. Developed by Hines in...
