News

Florida-based Eden Multifamily and its joint venture partner Cypress Equity Investments sold the property Eden West located at 8601 West McNab for $73 million, according to a press release. “The sale was actually a few...

Parkland Communities celebrates its recent achievement of securing zoning approval for 124 Build-to-Rent (BTR) townhomes in Morgan Park in Fayetteville, North Carolina. Located between E. Laier Avenue and Booker Avenue, this is one of...

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Ansley at Town Center, a 358-unit multifamily community in the Evans suburb of Augusta, Georgia. Taylor Bird, Nelson Abels, Laura...

Hines, the global real estate investment, development, and property manager, together with MBK Rental Living announced plans for Retreat at Mountainside, a Class-A for-rent residential community in the Briargate neighborhood of Colorado Springs, Colorado. “The...

Toll Brothers, the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Willton Investment Management have announced a new joint venture to develop Lumara, a four-story, 456-unit multifamily...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.25 million sale of a six-unit apartment building in Chicago’s Bucktown neighborhood. The transaction equated to $208,333 per unit. “The property...

TMG Partners, one of the San Francisco Bay Area’s largest multi-strategy property investors and developers, announced the promotion of current President Matt Field to the position of Co-Chief Executive Officer, effective immediately. This strategic...

Matan Companies announced the addition of Leigh Jonker to the company’s executive team as the new Director of Property Management. In her new role, Leigh will be responsible for overseeing the management of Matan's...

Allied Orion Group has named David Nargang as president of the company’s property management division. David will spearhead the supervision of the property management team, and his expertise will be instrumental in implementing and optimizing...

Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher in October, rising 79 basis point. However, the size of this increase was due to one large single-asset, single-borrower apartment...

A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations in Q3 2023 were down 16 percent quarter-over-quarter and were down 50 percent year-over-year. Originations of all commercial mortgages as a...

Capstone has closed the sale of Canyon Retreat Apartments, a 5,252 sq ft multifamily property for the sale price of $1,310,000. Adam Riddle & Conor Cavanor of Capstone brokered the transaction. The property consists of...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of The Clusters, a 352-unit multifamily asset in Midland, Texas. “Located within the Permian Basin, the second-largest oil and gas shale in the...

JLL Capital Markets announced that it has arranged the sale for The Edge on Hovey, a 125-unit / 481-bed student housing community located adjacent to Illinois State University in Normal, Illinois. JLL represented the seller,...

In a series of multifamily real estate purchases Interstate Equities Corporation (IEC) is pleased to announce that it has finalized three acquisitions totaling about $68 million. “All three of these communities have the potential to...