Marcus & Millichap Arranges the $6.6 Million Sale of a New Haven Three-Property Multifamily...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 91, 95 and 97 Howe Street, a 44-unit contiguous apartment...
McShane Construction Company Completes Construction of Hackney House Apartment Complex in Oconomowoc, Wisconsin
McShane Construction Company is pleased to announce the completion of Hackney House Apartments, a 302-unit multifamily development located in Oconomowoc, Wisconsin.
The project, which features 20 garden-style and townhome buildings, was built for repeat client...
The Mogharebi Group Completes $31.25 Million Sale of 138-Unit Apartment Community in Whittier California
The Mogharebi Group (TMG) has arranged the $31.25 million sale of Citrus Court, 138-unit apartment community in Whittier, CA.
The garden style community located at 8121 Broadway Avenue is encumbered by a 99-year ground lease...
Phoenix Multi-Housing Project Secures $62.625m in Financing
JLL Capital Markets announced today that it has secured $62.625 million in construction financing for Meritum Sonoran Desert, a 348-unit, garden-style multi-housing development in Phoenix, Arizona.
JLL worked on behalf of the borrower, IDM Companies,...
Multifamily CMBS delinquency rate holds steady in August
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans was effectively unchanged in August, moving up 1 basis point. The delinquency rate for the overall CMBS market fell for the first...
Employment said to grow as prior month’s levels revised lower
The Employment Situation Report from the Bureau of Labor Statistics stated that employment was up for the month in only 2 of the 4 multifamily-related job categories we track despite downward revisions to the...
Residential construction spending still rising
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in July was up 0.2 percent month-over-month. Spending on single-family residential construction rose 2.8 percent while...
SageHome Acquires Colorado Living, Accelerating its Growth and Reach
SageHome, the aging-in-place specialist, is pleased to announce its acquisition of Colorado Living LLC, underlining its position as the largest provider of aging-in-place bath remodeling services in the United States. This acquisition extends SageHome’s...
EPA announces new WOTUS rule
On August 29 EPA issued a revised final rule updating their definition of “waters of the United States” (WOTUS). The revision was made in response to the Supreme Court’s May decision in the case...
GREA Announces $11.4M Atlanta Multifamily Sale
GREA has announced the $11.4 million sale of Westside Crossing in Atlanta. GREA represented the seller, Greenleaf Partners, who sold the asset to Zavala Capital. Taylor Brown, Chandler Brown and Mack Leath of GREA...
Tina Hahn Joins BRIDGE Housing as Vice President of Strategic Projects
BRIDGE is a leading nonprofit developer, owner, and manager of affordable housing on the West Coast.
In this new role, Ms. Hahn will oversee strategic project initiatives, from development through successful execution, in accordance with...
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,...
