Cityview completes 296-unit opportunity zone project near Downtown Los Angeles
Cityview, a premier multifamily investment management and development firm, has completed Jasper—a 296-unit opportunity zone project located less than two miles from downtown Los Angeles and adjacent to the University of Southern California. The highly...
The Bainbridge Companies opens Bainbridge Bayview in Clearwater, Fla.
The Bainbridge Companies (Bainbridge), a fully-integrated family of real estate companies who engage in virtually every step of the real estate process, from development and construction, acquisition and disposition, to asset management and third-party...
$125 million sale of newly built multihousing community in Redmond closes
JLL Capital Markets announced that it has closed the $125 million sale of Radiate Apartments, a 360-unit, luxury-grade multihousing community located in Redmond, Washington. JLL represented the seller, Fairfield Residential, and procured the buyer, Jackson...
Multifamily developer confidence in positive territory for second quarter
Confidence in the market for new multifamily housing was in positive territory for the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders...
July multifamily construction completions down sharply
The Census Bureau’s new residential construction report for July stated that the number of multifamily permits issued, starts and unit completions were all down from the levels reported last month. The number of multifamily...
The Milestone Group announces acquisition of 228-unit Archer Stone Canyon Apartments in San Antonio,...
The Milestone Group (Milestone) has announced its acquisition of Archer Stone Canyon Apartments, a 228-unit value add multifamily community in San Antonio, Texas. The purchase price was not disclosed. “Archer Stone Canyon is well-located, proximate...
Red Oak Capital Holdings provides $2.3 million for SE Dallas multifamily community
Red Oak Capital Holdings, a national commercial real estate finance company, has provided a $2.3-million bridge loan to the owner of the Templecliff Apartments in Southeast Dallas. The borrower will use the funds to...
Cushman & Wakefield arranges sale of The Gates at South Bend
Cushman & Wakefield has arranged the sale of The Gates at South Bend, a 147-unit multifamily community located in Tuscaloosa, Alabama. Ben Thomas and Parker Caldwell of Cushman & Wakefield represented the seller, WGO, LLC,...
Single-family starts edge higher in July but rising rate concerns persist
A lack of existing inventory and solid demand helped offset rising mortgage rates and push single-family production higher in July, even as builders continue to grapple with elevated construction and financing costs as well...
Multifamily mortgage originations rise from Q1 to Q2
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages in Q2 2023 were up 37 percent quarter-over-quarter but were down 48 percent year-over-year. Originations of all commercial mortgages as...
MIG Real Estate acquires Newport Palms, a 138-residence apartment community in Orange County for...
MIG Real Estate LLC (MIG), a real estate investment company with assets across the Western U.S. and Sun Belt states, announced the acquisition of Newport Palms, a 138-unit apartment complex in Costa Mesa, California. MIG...
Klein Enterprises closes $85 million loan for Largo Development
Klein Enterprises, a vertically integrated investor, developer, and operator of diversified real estate holdings, announced that the company closed an $85 million loan for the development of Aura, a transit-oriented luxury apartment complex in...
Builder confidence falls on rising mortgage rates
After steadily rising for seven consecutive months, builder confidence retreated in August as rising mortgage rates nearing 7 percent (per Freddie Mac) and stubbornly high shelter inflation have further eroded housing affordability and put...
JLL arranges $233 million in construction financing for 569-unit Brooklyn rental development
JLL Capital Markets announced that it has secured $233 million in construction financing for the ground-up development of 54 Crown, a 569-unit multihousing development located at 54 Crown St., in Crown Heights, Brooklyn. JLL worked...
JLL property management hires Lewis Taulbee to lead receivership team
JLL Property Management announced that Lewis Taulbee joined the firm as Managing Director of Asset Resolutions. Taulbee will lead JLL’s receivership team in providing strategic turnaround solutions for distressed assets across the U.S. “As the commercial...
