Apartment market competitiveness down from last year
RentCafe reported that the apartment rental market remained moderately competitive at the recent peak of the 2023 rental season. However, most measures of apartment market competitiveness were down from the levels they posted at...
Standard Communities Acquires Six 100% Affordable Communities Totaling 407 Units in Los Angeles
Standard Communities, a leading national developer and investor in affordable and workforce housing, has led a public-private partnership that acquired six 100% affordable Section 8 communities in Los Angeles County with a total of...
CPP Announces Acquisition of Affordable Housing Community in Albuquerque, New Mexico
Community Preservation Partners, a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of two developments in Albuquerque: Mountain View II and III. Built in 1967 and 1968 respectively, Mountain View II...
Interra Realty Brokers $2.25 Million Sale of Apartment Building on Chicago’s Near North Side
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $2.25 million sale of a seven-unit apartment building in Chicago’s Old Town neighborhood. The transaction equated to $321,428 per...
Institutional Property Advisors Brokers Sale and Arranges Financing for Multifamily Asset in North Dallas
Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale and financing of Mustang Station, a 444-unit multifamily asset in Farmers Branch, Texas. “The property is located within one of the highest...
Grand Opening of The Sinclair, New $40M Affordable Housing Apartments Community in Columbus, Ohio
Leaders with the Columbus Metropolitan Housing Authority (CMHA) and The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, joined today with Columbus Mayor Andrew Ginther, state Senator Hearcel Craig,...
Historical Elegance Meets Modern Living in the Fox Park Neighborhood of St. Louis
The Koken is conveniently situated within the bustling St. Louis Fox Park neighborhood. This iconic renovation, masterminded by the design-build team at Blackline Design + Construction, opened its doors to residents on August 1st,...
McShane Completes Construction on The Woodlands at Canterfield Senior Living Residence Near Chicago
McShane Construction is pleased to announce the completion of The Woodlands at Canterfield, a 131-unit senior living development in West Dundee, Illinois. Built for Westbrook at Canterfield, LLC, The Woodlands at Canterfield is comprised...
High Street Residential Unveils Details for the Grace Multifamily Tower at Science Square
High Street Residential, the residential subsidiary of Trammell Crow Company, unveiled details about its first residential development in Atlanta, Georgia. The Grace Residences is a collection of 280 apartments located at Science Square, a...
RealPage reports rent-to-income ratio flip
RealPage reported this month that wages are outpacing rents by a widening margin. Moody's Analytics tells a much different tale. After reporting rent-to-income ratios topped 30 percent last year for the first...
Marcus & Millichap Closes 256-Unit Multifamily Asset Sale in Northeast Texas
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Landmark at Courtyard Villas, a 256-unit apartment property in Mesquite,...
Institutional Property Advisors Brokers Orlando Florida Apartment Asset Sale
Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Windrift, a 288-unit multifamily property in Orlando, Florida. “Orlando’s diverse and extensive employment market has contributed significantly to the city’s strong...
Fed projects interest rates will stay high longer
Federal Open Market Committee (FOMC) met this week and decided to keep interest rates unchanged. However, the Federal Reserve’s updated forecasts for key economic metrics projected that interest rates may remain high for longer...
Luxury Rental Property Overlook Flats Opens Leasing in Jersey City’s Reenergized Journal Square
Overlook Flats, a luxurious addition to Jersey City's real estate landscape, has officially launched leasing in historic Journal Square. Developed by Milton Fantin and the Fantin companies (Urban Property Developers and Urban Property Managers),...
Interra Realty Brokers Pair of Apartment Transactions on Chicago’s South Side
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered two multifamily property sales on Chicago’s South Side: a 19-unit apartment building at 7757-59 S. Winchester Ave. in the Auburn...
