News

JLL Capital Markets announced that it has secured the $136.125 million sale of Beaumont Apartments, a premier, institutional-quality apartment community in Woodinville, Washington. Beaumont Apartments, a three-building mid-rise property built in 2009, sits on 14.3...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Place at Castle Hills, a 680-unit multifamily asset located at 11800 Braesview Drive in San Antonio, Texas. “Previous ownership completed...

Berkadia announced that it arranged the sale and financing of Henley Tampa Palms, a unique 315-unit, value-add garden-style multifamily community located in the highly desirable Tampa Palms master-planned community of Tampa, Florida. Senior Managing Directors...

Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose sharply in November, more than reversing last month’s decline. The overall CMBS delinquency rate also rose, climbing another 42 basis points...

The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in October was 7.74 million. This was reported to be up 372,000...

CBRE announced the sale of a newly renovated, nine-unit multifamily property located at 425 E. Wellington Avenue in Santa Ana, California to a local buyer for $3,105,000. The sale price represents $345,000 per unit...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fourth Avenue Apartments, a 24-unit apartment property located in Stevens Point,...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 97 Spring Street, a 32-unit apartment property in the West Roxbury neighborhood...

JLL Capital Markets announced that it has arranged the sale of Pier 33, a 286-unit luxury multifamily asset located in the heart of downtown Wilmington, North Carolina. JLL worked on behalf of the seller, Dewitt...

BWE, a national commercial and multifamily mortgage banking company, announced that it has secured $57,800,000 to refinance Keystone Villa at Douglassville, a 247-unit, Class A independent living, assisted living, and memory care community in...

Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a total of $18.3 million in two permanent loans for the Spinnaker Pointe Apartments in Milpitas (near San Jose) and Crossroads...

The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in October was up 0.16 percent from the revised level of the month before. Spending on...

The Township of West Orange, New Jersey introduces new housing at Stonehill at West Orange, a brand-new public library, and new public dog park to a former office park near walkable shopping, dining and...

JLL Capital Markets announced that it has secured the $24.75 million refinancing for Luxe on Madison, a 102-unit, Class A multifamily community in Chicago, Illinois. Luxe on Madison is a sophisticated five-story, mid-rise community constructed...

McShane Ashlaur Joint Venture (comprised of McShane Construction Company and Ashlaur Construction) completed the construction of The Foglia Residences for clients Brinshore Development and The Chicago Lighthouse. “We are extremely proud to deliver this monumental...