Robust Business Throughout the U.S. Reflected in Standard Communities’ Office Expansion and Staff Growth
Standard Communities, a leading national affordable housing developer and investor, has expanded its principal offices and added staff reflecting robust business. Standard is one of the 20 largest owners of affordable housing in the...
Institutional Property Advisors Brokers Tucson Multifamily Asset Sale
Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Juniper Canyon, a 140-unit multifamily asset in Tucson, Arizona. “Renter demand for Juniper Canyon has led to strong operational momentum, evidenced...
Ariel Property Advisors Marketing Prime 57,880 BSF Development Site on the Upper East Side
Ariel Property Advisors has been named the exclusive agent to sell a prime Upper East Side corner development site at 1382-1386 2nd Avenue that will allow the construction of a 57,880 BSF mixed-use/residential building....
CAF Capital Partners Announces The Addition of Jason Geer as Senior Vice President of...
CAF Capital Partners, a Dallas-based private equity real estate firm is pleased to announce the addition of Jason Geer as Senior Vice President of Acquisitions. Prior to joining CAF Capital Partners, Geer spent more...
The Bainbridge Companies Promotes Julie Shannon to Senior Vice President of Human Resources
The Bainbridge Companies, 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 property...
Dominium Promotes Mark Lambing to Project Partner and Vice President of Development
Dominium, a leading affordable housing owner, developer and manager announced today that it has promoted Mark Lambing to Project Partner and Vice President of Development. Lambing began his Dominium career in 2017 as a Development...
Mesa West Capital Provides The Dinerstein Companies Affiliate with $59 Million Loan for Raleigh,...
Mesa West Capital has provided an affiliate of Houston-based The Dinerstein Companies with $59 million in first mortgage debt for its acquisition of Manor Six Forks, a 298-unit multifamily community in Raleigh, NC, which is...
IPA finds deep local drops in multifamily construction starts
While the Census Bureau reports on multifamily construction starts at the national level, they do not supply data at the state or metro levels. A new report from Institutional Property Advisors (IPA) supplies more...
$21.8m Financing Secured for South Carolina Apartment Community
JLL Capital Markets announced today that it has arranged the $21.8 million bridge financing for Granby Oaks Apartments, a 148-unit, garden-style apartment community located in West Columbia, South Carolina. JLL represented the sponsor, PAM Associates...
MassHousing Provides $14.5 Million for the 76-Unit Farnsworth House for Low-Income Seniors in Boston
MassHousing, working with Rogerson Communities, has closed on $14.5 million in affordable housing financing to Charles H. Farnsworth Senior Housing Corporation, owner and developer of the 76-unit Farnsworth House for older adults in Boston,...
Partner Valuation Advisors Adds Leader for The West Region
Partner Valuation Advisors, a national commercial real estate valuation advisory firm, continues its strategic expansion by adding Phillip Hanshew, MAI, as Managing Director in San Francisco. Mr. Hanshew will lead Partner’s market growth efforts...
Marcus & Millichap Facilitates $4.2 Million Sale of Three-Story Apartment Building
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of River Del Mar, a three-story, 24-unit apartment building in North...
The Milestone Group Announces Acquisition of The Weathersby Apartments in Charlotte, North Carolina
The Milestone Group announces its acquisition of The Weathersby Apartments, a 180-unit, fully renovated, market-rate multifamily community at 8415 University Station Circle in Charlotte, NC. The purchase price was not disclosed. “We are excited to add...
Yardi Matrix reports rent growth rate falls again in August
Yardi Matrix reported that national average apartment rent growth was $1 in August, compared to the revised rent level of the month before. The average rent reached $1,728 per month. Rent growth rate continues its...
SPI Advisory Acquires 244-Unit Apartment Community South of Austin, Texas
SPI Advisory finalized the acquisition of Parkview Terraces (formerly known as “Cortland Southpark Terraces”), a newly-renovated 244-unit, Class-A institutional-quality apartment community built in 2009 less than five miles from Austin’s bustling South Congress entertainment...
