Chicago law firm Ginsberg Jacobs provides outlook on affordable housing
Though Congress retained the Low-Income Housing Tax Credit (LIHTC) as part of its tax policy overhaul, the decision to also lower the corporate tax rate from 35 percent to 21 percent could lead to...
2-Year Delay of WOTUS Rule a Much-Needed Step, NAHB Says
The National Association of Home Builders (NAHB) applauds today's announcement by the Environmental Protection Agency mandating a two-year delay of the Obama-era "waters of the United States" (WOTUS) Rule. "This delay gives the agency more...
Garden apartments lead rent growth
Rents in low-rise garden apartments continue to rise faster than pricing in taller residential structures. Garden apartments, defined as properties of one to three stories, register 3.1 percent rent growth for 2017, versus 1.4...
Record Tampa Bay area multifamily sale closed by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Lakeside Apartment Homes, a 228-unit apartment asset located in Brandon, Florida....
Multifamily investment opportunity offered exclusively by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the exclusive opportunity to acquire Bel Aire Terrace, a 324-unit apartment community in Crestview, Florida. The price is open bid. “Bel Aire Terrace is...
Stiles|Hensler mixed-use development Peabody Union moves forward
Nashville, TN-based Hensler Development Group and South Florida-based Stiles announced today that they will co-develop Peabody Union, a mixed-use, luxury commercial and residential project in Nashville, TN. Peabody Union will establish a new Design...
Dean Schwanke named NAHB vice president for multifamily housing
The National Association of Home Builders (NAHB) today announced the appointment of Dean Schwanke to the position of Vice President, Multifamily Housing. Schwanke will bring his broad research, economic analysis, communications, program planning and management...
Meridian Capital Group arranges $3.7 million in financing for a multifamily property in New...
Meridian Capital Group, America’s most active dealmaker, arranged $3.7 million in financing for the refinance of a multifamily property in New Haven, CT. The seven-year, floating-rate loan is swapped at 190 basis points over LIBOR...
$20.5 million buys Tucson value-add multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of River Oaks Apartments, a 300-unit apartment complex in Tucson, Arizona. The $20.5 million sales price equates to $68,333 per unit. “The...
$110 million multifamily asset in Phoenix sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Red Mountain Villas, a 768-unit apartment complex in Phoenix. The $110 million sales price equates to $143,229 per unit. The...
CA Senior Living announces start of construction on 128-unit Atria at River Trail in...
CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, today announced construction is underway on Atria at River Trail, a 128-unit senior living community at the corner of...
Multifamily value-add asset sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of The Ranch at Fossil Creek, a 274-unit multifamily property in Fort Worth, Texas. “Built in 2002, The Ranch at Fossil Creek...
$34.7 million affordable housing asset sale brokered by Danny Shin and Brock Zylstra
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Towne Gate Apartments, a four-story, 288-unit, Section 42 Low Income Housing...
Meridian Capital Group arranges $110 million in financing for the 251DEKALB multifamily property located...
Meridian Capital Group, America’s most active dealmaker, arranged $110 million in balance sheet financing for 251DEKALB, a five-building multifamily apartment complex located in King of Prussia, PA on behalf of a venture sponsored by...
RMK Management Corp. announces LEED gold certification at The Residences of Wilmette Luxury Apartments...
RMK Management is proud to announce The Residences of Wilmette, a five-story transit-oriented rental community in downtown Wilmette, Ill., has earned LEED Gold certification from the U.S. Green Building Council (USGBC). The upscale rental...
