Dominium Hires Two New Vice Presidents of Property Management
Dominium, a leading affordable housing owner, developer and manager announced today that it has hired two highly respected leaders to executive positions in the company. Shequoia Holloway has been named Vice President of Property...
Draper and Kramer Announces Acquisition of Griffis at Riata in Austin, Texas
Draper and Kramer, a national real estate services firm, today announced the acquisition of Griffis at Riata, a 307-unit multifamily property at 5705 Diehl Trail in Austin, Texas. Completed in 2017, the rental community...
Rent growth turns negative in August
The latest rent report from Apartment List shows that the national average monthly rent growth in August was -0.1 percent, the first negative reading since February. Year-over-year rent growth was -1.2 percent. The month-over-month...
Broward Partnership Tackles Fort Lauderdale’s Affordable Housing Crisis
Broward Partnership announces the completion of Seven on Seventh, an affordable residential rental community in downtown Fort Lauderdale, located adjacent to Broward Partnership’s Central Homeless Assistance Center. With lead development partner Green Mills Group,...
Landmark Properties Announces Closing on The Mark at Tallahassee in Partnership with Manulife Investment...
Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces its third project in a build-to-core joint venture with Manulife Investment Management. The Mark...
$68.96m in Capital Secured for a Minnesota Multi-Housing Development Community
JLL Capital Markets announced that it has arranged joint venture equity and construction financing, totaling $68.96 million, for Golden Triangle Station, a mid-rise multi-housing development located in the Golden Triangle neighborhood of Eden Prairie,...
ABI Multifamily Brokers Tucson MSA 160-Unit Multifamily Apartment Community for $19,500,000
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $19,500,000 / $121,875 Per Unit / $207.84 Per SF sale of Via Alamos Apartments, a...
Job openings much lower in July
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in July was 8.83 million, down 338,000 openings month-over-month. In addition, last...
JLL Closes Sale of a Core Twin Cities Multihousing Community
JLL Capital Markets announced today that it has closed the $74.7 million sale of and the financing for Millennium Edina, a rare, 227-unit, mid-rise multi-housing community located within suburban Minneapolis in Edina, Minnesota. JLL Capital...
Multifamily property prices rise in July
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in July, the first month-over-month increase since June 2022. However, this index fell 18.0 percent year-over-year. The value-weighted index of non-multifamily...
Fannie Mae examines multifamily construction pipeline
The multifamily commentary that accompanied Fannie Mae’s monthly forecast for August reported on the number of units in the multifamily construction pipeline. In doing so, it used data from Dodge Data and Analytics (Dodge). Starts...
Standard Communities Leads Public Private Partnership Acquiring 100% Affordable Community in Hawaii
Standard Communities, a major national affordable housing investor and developer, has led a public-private partnership with the State of Hawaii, United States Department of Housing and Urban Development (HUD), Honolulu-based Stanford Carr Development, the...
MSCI: Multifamily property prices up in July
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in July were up 0.1 percent from their level of the month before but still down 12.2 percent...
$193m Financing Arranged for Gold Coast Multi-Housing Project
JLL Capital Markets announced that it has arranged the $193 million non-recourse construction financing for Pathside, a 605-unit to-be-built, luxury high-rise apartment building located in the Journal Square neighborhood of Jersey City, New Jersey. JLL...
Marcus & Millichap Capital Corporation Arranges $3.25 Million Refinancing for Two Multifamily Properties in...
Marcus & Millichap Capital Corporation, a leading provider of commercial real estate capital markets financing solutions, arranged $3,250,000 for the refinancing of The Pines and, two multifamily properties located at 4605 Georgia Pines Drive...
