The NRP Group, H.I.G. Capital Break Ground on Multifamily Development Outside Dallas Texas
The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with H.I.G. Realty Partners, the real estate platform of global investment firm, H.I.G. Capital, has broken ground on...
Bright Realty Introduces Tapestry at The Realm Expanding Offerings at The Realm Castle Hills
Bright Realty introduces Tapestry at The Realm, a luxury multifamily project inspired by mid-century design. Tapestry at The Realm will expand living options, offering elemental sophistication for those ready to fully embrace the live-work-play...
Construction materials prices resume rise in September
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.2 percent month-over-month in September on a seasonally adjusted basis. In addition, last month’s...
HUD Announces $212 Million Funding Opportunity to Expand Affordable Housing Options for Low-Income and...
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing announced that $212 million in funding is available to expand the supply of affordable housing and supportive services for very-low and...
Capstone’s Denver Brokerage Team Continues to Grow
Capstone is pleased to welcome Sam Bretz, a new Senior Advisor, to its Denver brokerage team. Sam joins Capstone with years of sales and broker experience and is a graduate of the University of...
Interra Realty Brokers $2 Million Sale of Multifamily Portfolio on Chicago’s Northwest Side
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $2 million sale of a two-building, 13-unit multifamily portfolio in Chicago’s Norwood Park and Edison Park neighborhoods. The transaction equated...
Marcus Ervin joins DCHFA as Senior Vice President Multifamily Lending and Neighborhood Investments
The District of Columbia Housing Finance Agency (DCHFA) has named a new Senior Vice President of Multifamily Lending and Neighborhood Investments (MLNI), Marcus Ervin. As Senior Vice President, Ervin will oversee DCHFA’s MLNI division,...
Hudson Valley Property Group Completes $47M Revitalization of Rockland County New York Apartment Complexes
Hudson Valley Property Group ("HVPG"), a leading, national affordable housing preservation company, announced the completion of a $47 million preservation and renovation project at two properties located in Spring Valley, New York: Lakeview Village,...
Governor Hochul Announces Completion of 184-Unit Affordable Housing Development in Utica
Governor Kathy Hochul announced renovations are complete on Parkedge Townhomes in Utica, a 184-unit Mitchell Lama development for families. Each unit at the 50-year-old complex received major upgrades and the project also funded a...
CPP Announces Acquisition of Affordable Housing Community in Layton Utah
Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of Skyline View Apartments in Layton, Utah. The Skyline View Apartments are comprised of eight two-story, garden-style buildings...
Interra Realty Brokers $1.8 Million Sale of Value-Add Multifamily Building in Chicago
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.8 million sale of a 16-unit apartment building in Chicago’s West Ridge neighborhood. The transaction equated to $112,500 per unit. Interra...
Shopoff Sells Approved Housing Development The Pines at Fullerton to Lennar Homes
Shopoff Realty Investments has sold its recently approved housing development, The Pines at Fullerton, to Lennar Homes. The property includes 9.8 acres located at Euclid and Rosecrans in the city of Fullerton, California. Shopoff...
Newrock Partners Opens Leasing for Oaklyn, a 274-Unit Apartment Complex Near Fort Lauderdale
Newrock Partners announced that leasing is now open for Oaklyn, the brand-new mid-century modern apartment community located at 3333 N. Federal Highway in Oakland Park, Florida. The project consists of 274 apartment units and over...
Institutional Property Advisors Arranges $63M in Financing for a Historic Conversion in Downtown Oklahoma...
IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients, has arranged $63 million in financing for the redevelopment of two historic Oklahoma City...
McShane Adds to Nashville Multi-family Portfolio with Completion of NOVEL Harpeth Heights
Construction is completed at NOVEL Harpeth Heights in Nashville, Tennessee. McShane Construction Company built the 322-unit multi-family community on behalf of repeat client Crescent Communities and their partner, Pearl Street Partners. “We’re pleased to add...
